Page 7 - Jspl

Operational turnaround seen ahead for JSPL

Improving demand and expansion in steel segment is expected to drive profit growth

JSPL cuts losses by more than half, at Rs 407 crore

The company had posted a net loss of Rs 870 crore in the corresponding quarter in FY15-16

JSPL exploring options to reduce around Rs 46,000 crore debt

In the last few months, the company has divested some of its assets to pare debt

JSPL lines up Rs 8k-cr investment for Odisha

The money will be spend on addition of a blast furnace to take its Angul steel plant capacity to 6-million tonne

JSPL again defaults on interest payment

Jindal Steel and Power Ltd says that they fails to pay Rs 15.43 crore interest on non convertible debentures

JSPL dispatches first lot of rail to Iran

The steel major had bagged a contract to supply 150,000 tonnes of rail to Iran for developing rail infrastructure

JSPL to move regd office to Chhattisgarh; gets nod for sale of power asset to JSW

It will take over 920 Mw of captive power from Jindal Power Ltd, its wholly-owned arm, and turn it into an IPP as part of restructuring

Chhattisgarh serves notice to JSPL to recover excess payment

The company had been asked to pay the amount by July 22; JSPL declines to comment

Odisha HC gives 4 weeks to govt to allow JSPL to transport ore

The directive came after the court found that its earlier order to the effect is yet to be complied by the state government

JSPL seeks shareholders' nod for sale of power units

The power plants to be sold are located in Odisha and Chhattisgarh

Brotherly buyout of JSPL's Chhattisgarh power plant

Sajjan Jindal's JSW to acquire 1,000-Mw plant for up to Rs 6,500 cr if it enters into PPAs

Some relief for Jindal Steel & Power

Turnaround in steel lifted results; power asset sale to be EPS-accretive but debt reduction is key

JSPL: Ordeal continues

After some positives in steel business and expected sale of power plants, the news of its chairman being charged for criminal conspiracy is a big sentimental negative.

Orissa High Court frees up iron ore for use at JSPL plant

The court allowed JSPL to move iron ore stockpiles from a mining facility in Odisha state for use at its nearby pellet plant

JSPL wins court case over iron ore mine

Supreme Court has asked the Odisha government to lift a ban on Jindal Steel and Power Ltd's iron ore mines

JSPL lenders approve Rs 2,500 cr refinancing under 5/25 scheme

In the last few months there have been concerns in the market over the firm's huge debt burden

CBI closes preliminary enquiry of Ramchandi coal block of JSPL

The investigative agency has closed its preliminary enquiry in the coal block allocation case against Naveen Jindal-led Jindal Steel and Power, a source said

JSPL commissions 1.4 mtpa Rebar Mill in Oman

Jindal Shadeed becomes largest integrated steelmaker in Oman with a 2 mt Steel Melting Shop and 1.4 MTPA Rebar Mill

JSPL to reschedule foreign banks' debt in 4-6 weeks

On March 31 last year, JSPL had a consolidated net debt of Rs 45,500 cr. Of the total debt, the firm's steel business has a Rs 28,313-cr loan

JSPL to avail of 5/25 scheme to meet debt obligations

RBI had launched the scheme to allow longer repayment period of term loans to projects, which require elongated servicing period