Page 6 - Jindal Stainless

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

SBI Cap takes over collateral for 56% stake in Jindal Stainless

As on June 30, 2020, promoter and promoter group of Jindal Stainless held 68.12 per cent stake in the firm company with the balance 31.88 per cent being public shareholding.

Life after lockdown: Ramping up isn't easy with curbs, labour shortages

The first of a three-part series looks at how manufacturing units are gearing up to the new normal

Torrent Pharma says promoters haven't pledged equity, NSE action not needed

Torrent said a pledge of shares is a security interest in favour of lenders and can be enforced by sale of such shares in event of default

Kotak Fund invests Rs 500 crore in debt-laden Jindal Stainless

Investment to help Jindal Stainless come out of CDR process

Jindal Stainless posts Rs 51.92-crore profit in September quarter

The company had posted a loss of Rs 36.44 crore in the year-ago period, JSL said in a filing to the BSE

Tata Steel subsidiary bags first lapsing merchant mine at Odisha's auctions

TS Alloys bags Misrilal chromite mines, quoting 88.5 per cent premium

Jindal Stainless to counter counterfeit market with co-branding initiative

Eyes additional revenue of Rs 1,100 crore over next two years, seeks to ramp up market share from 44 per cent at present to 52 per cent

Jindal Stainless enters e-rickshaw market, targets Rs 200 crore revenue

Company showcases stainless steel e-rickshaw prototype in Lucknow expo

Jindal Stainless profit plummets 72 per cent to Rs 32 cr in March quarter

The company had posted a standalone profit of Rs 114.7 crore year-ago in the same period, JSL said in a filing to the BSE

Jindal Stainless' first dedicated facility for Railways in Chennai

This new railway facility will supply high quality stainless steel components with 'just-in-time' delivery to the Integral Coach Factory (ICF), Chennai for production of railway coaches

Jindal Stainless Q3 profit plunges over 61% to Rs 52 cr on higher expenses

Total income during the quarter under review increased to Rs 3,140.59 crore from Rs 2,999.66 crore in October-December 2017

Jindal Stainless eyes 20% growth in topline in the next 12 months

 Jindal Stainless' major competition is from imports, Vijay Sharma, head of sales said

Jindal Stainless Q3 net profit surges 142% to Rs 1.33 bn

During the Oct-Dec quarter, total income of company rose to Rs 24.66 bn from Rs 20.07 bn in the year-ago period

Jindal Stainless to focus on speciality steel

As part of its expansion strategy Jindal Stainless is planning to enter the unconventional areas of steel use -- defence, nuclear, aerospace and long products. The company wants to enter the high margin segments with the available capacity. Currently, it has a production capacity of 1.6-1.8 million tonne with a market share of 45 per cent."We want to move into the specialty steel segment, which is intodefence, by supplying raw material and not manufacture equipment assuch. We also want to venture into long products and aerospace,"Jindal Stainless vice chairman Abhyuday Jindal told Business Standardin an interview.The company is also supplying steel to a fusion project in France for ITER plant. ITER, meaning the way in Latin, is an experimental Fusion Reactor being constructed presently at Cadarache, in the South of France.Jindal said the company had to meet stringent quality standards mandatory for the highly sensitive defence and aerospace sectors. The company has two plants in ...