Page 3 - Jindal Steel And Power

Jindal Steel leans on railways, defence, petro to drive long steel volumes

With producers such as Tata Steel and JSW focusing on high-margin flat products for auto sector, Jindal is well placed to capture upcoming demand from infra segment

Jindal Steel and Power names Naushad Ansari as joint managing director

Steel maker Jindal Steel and Power Ltd (JSPL) Tuesday named Naushad Akhter Ansari as the Joint Managing Director of the company with immediate effect. Earlier, Ansari was the CEO of company's steel business. "Nausad Akhter Ansari has been elevated as Joint Managing Director. Ansari, the current CEO of steel business will assume the role of Joint MD of the company with immediate effect," the company said in a statement. Ansari joined JSPL group as Executive Director at Patratu unit in September 2008. During his tenure at Patratu, he commissioned two rolling mills of combined capacity of 1.6 MTPA (million tonne per annum). Subsequently he became Executive Director-Incharge of JSPL Raigarh as well as whole time Director of JSPL. "He was actively involved in setting up and turnaround of Jindal Shadeed Iron & Steel Co," the statement said. Part of the USD 18 billion OP Jindal Group, JSPL is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure ..

JSPL posts Q2 profit at Rs 3.44 bn on one-time gain, revenue rises 63%

Total revenue from operations jumped 63% to Rs 99.82 billion

JSPL offers good opportunity for long-term investors, say analysts

Raising capacity at Angul steel plant leading to strong volume growth

Jindal Steel and Power stock falls 2.3%: Power segment blip spoils Q4 show

Expectation of better performance from the power segment was building in the backdrop of rising merchant (short-term) power tariffs and demand of late

Equity dilution concerns may weigh on JSPL; earnings prospects remain firm

Earnings prospects remain firm, given operational turnaround and start of new capacities

JSPL sells oxygen plant assets at Raigarh, Angul units for Rs 1,121 crore

The move would make JSPL an asset-light company and enhance its cost efficiencies

Nothing fishy in allocation of Ramchandi coal block to JSPL: CVC

CVC echoes CBI view; Supreme Court final hearing on Aug 2; Jindal Steel stock end 15% up on BSE

JSPL to move 'appropriate forum' against recovery notice

Chhattisgarh govt has served notice to recover excess payment against power purchase