Page 7 - Jindal Stainless

Jindal Stainless, Japanese firm tie up to incubate agri-tech start-ups

To set up incubation centre with co-working space and international standard laboratory

Jindal Stainless might complete de-merger by March end

Ratan Jindal controlled Jindal Stainless Group with manufacturing units at Hisar (Haryana) and Odisha's Kalinganagar is giving final touches to its de-merger. The de-merger which has witnessed two separate entities carved out- Jindal United Steel Ltd (JUSL) and Jindal Coke Ltd (JCL), is expected to be completed by the end March this year.As of now, two flagship companies- Jindal Stainless Hissar Ltd and Jindal Stainless Ltd are listed entities. The move behind the de-merger is to apportion debt between the segregated entities."Erosion of net worth, accumulating losses and rising interest rates have prompted us to take the de-merger route. The interest rate on loans outstanding have gone up to 14 per cent and it was not feasible to repay the piling debt without splitting the entities. We have got the necessary approvals for the restructuring plan and the formalities are expected to be completed by March-end", said a senior company source in the know of the matter.Between them, Jindal ..

Make in India: Jindal Stainless (Hisar) forays into defence

Becomes the first company in India to commercially produce high nitrogen steel

Jindal Stainless (Hisar) says sector needs help on imports

The company says rising import and higher raw material cost would put pressure on industry margins

Jindal Stainless' net loss narrows to Rs 65 cr in Apr-Jun quarter

Jindal Stainless on Thursday reported narrowing of its net loss to Rs 65 crore for the June quarter.

Jindal Stainless allots shares to pay Rs 366 crore due to JSHL

According to the statement, consequent upon the said allotment, paid up share capital of the company has increased from Rs 46.23 crore to Rs 79.89 crore