Jindal Steel plans to double its structural steel manufacturing capacity to 2.4 MTPA by mid-2028, aimed at addressing the growing demand for heavy and ultra-heavy structural steel sections.
Steel stocks in focus amid reports that the government has notified the much-awaited Anti-dumping duty/safeguard duty on flat steel imports for a period of 3 years.
Bank Nifty has to hold above 59,000 zones for a bounce towards 59,500 then 59,750 zones while on the downside support is seen at 58,750 then 58,500 levels
Jindal Stainless MD says anti-dumping plea filed against China-Vietnam-Indonesia as imports rise
Jindal Stainless posted a 32% rise in Q2 profit to Rs 807 crore, driven by higher sales and strong domestic demand, even as the company flagged pressure from low-cost imports
Jindal Stainless on Monday said it has set up a steel fabrication unit in Maharashtra, with an initial investment of Rs 125 crore, aimed at catering to the country's infrastructure sector. The unit will fabricate critical components, including bridge girders, among others, to support advanced infrastructure development in India, the company said in a statement. By FY26-27, the unit is expected to achieve an annual fabrication capacity of 18,000 tonnes, up from an estimated 4,000 tonnes in the current financial year, to meet the growing demand for sustainable, high-quality bridge infrastructure. Spread over an area of 4 lakh square feet, the facility has been set up through subsidiary Jindal Stainless Steelway Limited (JSSL) at Patalganga in Mumbai with an initial investment of around Rs 125 crore. "The fabrication unit is another step in our efforts to provide integrated solutions for customers. Bridges are critical connectors, linking people, businesses, and economic activity acro
Jindal Stainless on Thursday said it is in the process of investing Rs 700 crore in decarbonisation initiatives and has reduced 3,18,248 metric tonnes of CO2 emissions in FY25. The company is taking multiple steps to reduce carbon footprints, including Odisha's largest captive solar plant, Jindal Stainless Ltd (JSL) said in a statement. "Over the next few years, JSL plans to invest Rs 700 crore in its decarbonisation initiatives, including Odisha's largest captive solar plant, energy efficiency upgrades, digitisation of our supply chain for greater transparency, and community development initiatives in education, healthcare, and skilling around our plants," it added. In FY25, JSL achieved a 14 per cent year-on-year reduction in CO2 emissions, avoiding approximately 3,18,248 metric tonnes (MT) of carbon footprint compared to FY24. For FY26, the company's focus is to build on this momentum and further reduce emissions, as was achieved for FY25 in terms of emission reductions compared
The brokerage has raised its target on JSW Steel and Jindal Steel by 7 per cent and 6 per cent, respectively, projecting Ebitda CAGR) of 25-27 per cent during FY25-28F across its coverage universe
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Jindal Stainless fell 7 per cent after the company flagged caution over tariff uncertainty with the US, following its Q1 results
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Jindal Stainless Q1FY26 net profit rises 10.2% Y-o-Y to Rs 714.16 crore on higher sales and value-added products, with domestic demand expected to grow at 9-10% CAGR
Jindal Stainless on Wednesday reported a 10.61 per cent year-on-year (y-o-y) rise in consolidated net profit to Rs 714.66 crore for the April-June quarter of 2025-26, mainly on account of improved operational efficiencies coupled with higher income. Jindal Stainless, which is the largest Indian stainless steel company, had logged a net profit of Rs 646.07 crore in April-June 2024-25, the company said in an exchange filing. In the first quarter, the company's consolidated total income rose to Rs 10,276.01 crore from Rs 9,480.50 crore in the June quarter of 2024-25. Expenses were at Rs 9,293.30 crore as against Rs 8,593.13 crore in year ago period. In a separate statement, the company said its consolidated net debt was at Rs 3,869 crore, while the net debt-to-equity ratio was at 0.2x. "The company's agility in balancing demand across domestic and export markets, its focus on product innovation across sectors including increased emphasis on value-added segments and downstream offerin
Q1 FY26 company results, August 6: Bayer CropScience, Cera Sanitaryware, EID Parry India, Godrej Agrovet, and Pidilite are also to release their April-June quarter earnings reports today
Industry leaders have called for a gradual, step-by-step transition to green steel, urging supportive government policies and a focus on reducing emissions as part of India's sustainable growth agenda
Technical charts show that largecaps stocks - Adani Total Gas, LTIMindtree, Jindal Stainless, RECL and CRISIL are favourably placed for likely gains in the near term.
The company said that the equity stake in a special purpose vehicle has been formed with Oyster Renewable Energy Private Limited to develop a 282 MW hybrid renewable energy project
The company said that the equity stake in a special purpose vehicle has been formed with Oyster Renewable Energy Private Limited to develop a 282 MW hybrid renewable energy project
Jindal Stainless is planning to expand its manufacturing capacity from 3 metric tons (mt) to 4.2 mt by FY27
BSE, IndiGo, BHEL, Aarti Industries and Jindal Stainless are likely to trade with a favourable bias in the near-term owing to these 3 favourable factors on charts and derivatives market.