Page 5 - Jindal Stainless

Jindal Stainless Hisar Q2 profit after tax falls 49% to Rs 253 crore

Jindal Stainless (Hisar) Limited (JSHL) on Friday said its profit after tax fell 49 per cent year-on-year to Rs 253 crore in the second quarter ended September 30. The company had clocked Rs 498.58 crore profit after tax (PAT) during the same period of 2021-22, JSHL said in a statement. Its total income rose to Rs 3,957 crore from Rs 3,772 crore in the year-ago quarter. "During Q2, raw material prices saw a downward trend, with nickel prices falling by 24 per cent quarter-on-quarter (q-o-q) and those of ferrochrome by 18 per cent q-o-q. This impacted the realisation and profitability of domestic manufacturers, including JSHL," the statement said. JSHL Managing Director Abhyuday Jindal said the Indian stainless steel industry has suffered a setback due to the export duty levied by the government in May. This duty comes at a time when the domestic market is being dumped with substandard stainless steel imports from China and Indonesia. The industry has made several presentations to

Jindal Stainless Q2 results: Profit more than halves; revenue up 11.5%

While input costs fell 3% as raw material prices cooled off from their peak, power and fuel costs surged about 35%

Stocks to Watch: Central Bank, ITI, M&M, Yes Bank, SpiceJet, PEL, GPT Infra

Stocks to Watch Today: Central Bank of India has removed from the RBI's PCA framework after 5 years; SpiceJet places 80 pilots on leave without pay for three months.

Essar Constructions bags Rs 97 cr contract from Jindal Stainless: Report

Essar Constructions India Ltd (ECIL) , the Indian arm of Essar Projects, on Friday said it has added Jindal Stainless as its client, by winning a Rs 97-crore contract. The order is for mechanical works for blast furnace at Jajpur, the firm said in a social media post. Speaking on the occasion, Sejal Jani, Head - Business Development, Tendering & Estimation, ECIL said, "As we take gradual steps towards building a robust order book, widening the portfolio of clients has also been of importance." While the firm reaches out to showcase its capabilities and connect with new clients, it fully acknowledge that efficient execution was crucial to uphold its image in the market. "ECIL has been strengthening its foothold in the minerals and metals domain. Time and cost effective deliveries of orders won during the past one year has not only led to repeat orders, but also enhanced overall market confidence, leading to opening of new doors," he said. Formed in May 2017 to pursue EPC business .

Jindal Stainless net profit rises 8% to Rs 329 crore in June quarter

The company had a net profit of Rs 305.84 crore in the same period of 2021-22, JSL said in regulatory filing.

Shareholders, creditors approve Jindal Stainless Steel-JSHL merger

Having a total melting capacity of 0.8 million tonne per annum (MTPA), the Hisar-based JSHL is the largest specialty stainless steel producer in India with a diversified value-added product portfolio

Jindal Stainless keen to invest in renewables: MD Abhyuday Jindal

There will be no more investments in thermal energy: Jindal

Jindal Stainless profit zooms to Rs 442 cr in December quarter

Income during the third quarter increased to Rs 5,682.37 crore, from Rs 3,592.04 crore in the year-ago period

Merger of two listed Jindal Stainless companies to spill over to FY23

NCLT yet to approve process; company filed first motion petition with tribunal nearly two years ago

Crisil upgrades Jindal Stainless long-term debt ratings, keeps short-term

Rating agency's report highlighting reasons for upgrade pointed at the improvement in financial risk profile, supported by debt reduction

Jindal Stainless eyes Rs 500-cr revenue from chequered sheet biz in 3 years

Jindal Stainless Limited (JSL) is aiming to garner a revenue of Rs 500 crore from its hot-rolled stainless steel chequered sheet business over the next three years.

Suresh Bose takes charge as chief HR officer at Jindal Stainless

Jindal Stainless Ltd (JSL) on Monday said Suresh Bose has been appointed its chief human resources officer (CHRO), with immediate effect. Bose, who joined on Monday, will be responsible for driving people strategy, workplace culture, talent management and future growth, JSL said in a statement. JSL Managing Director Abhyuday Jindal said, "We want to attract, hire, retain, and grow the best talent in the industry. Given his (Bose's) vast experience in all facets of human resources, I am confident that Suresh is a good fit to lead our future transformation through example and leadership." With close to three decades of experience in wide-ranging HR functions, Suresh has worked with the Vedanta Group, Mahindra and Mahindra, Ford Motors and Larsen & Toubro (L&T), JSL said. Bose has dual Masters in personnel management as well as industrial relations from Tata Institute of Social Sciences (TISS), and Masters in Employment and Labour Studies from the Institute of Social Studies, ...

Jindal Stainless Hisar ties up with MNIT Jaipur for product R&D

Jindal Stainless (Hisar) Ltd has signed a pact with Jaipur-based Malaviya National Institute of Technology (MNIT) to conduct product research and development in the iron and steel industry

Jindal Stainless signs MoU with Tata Steel Mining; stock advances 10%

The MoU is signed with an aim to jointly unearth the chrome ore locked up in the boundary between our mines located in Odisha

JSL posts consolidated net profit of Rs Rs 293 cr in March quarter

Jindal Stainless Ltd (JSL) on Friday reported a consolidated net profit of Rs 292.61 crore for the fourth quarter ended March 2021.

Stocks to watch: JSPL, Jindal Stainless, HDFC Bank, IIFL Securities

JSPL said it has received the 'regular rail supplier' status from the Indian Railways

JSL, Jindal Stainless (Hisar) boards approve merger in share swap of 1:1.95

Move to expand turnover of merged entity to Rs 20,000 cr, make it the only Indian firm in global top-10 list of stainless steel makers

Jindal Stainless (Hisar) gains 10% in 2 days on healthy volume growth in Q2

The company said the remarkable turnaround of auto sector, both in passenger vehicles and two-wheeler segments, aided sales volumes during the quarter

JSL Q2 profit up 88% at Rs 98 cr, sales recover to pre-Covid levels

With focus on deleveraging, finance cost fell by 13 per cent over the CPLY to Rs 124 crore in Q2FY21

Jindal Stainless, Jindal Stainless (Hisar) rally up to 35% in 3 days

The government has issued an order to levy provisional countervailing duty on certain types of flat stainless products for a period of four months