Jindal Steel

JSL keen on ₹40K cr investment in Maharashtra, looking for land parcel: MD

Jindal Stainless is "serious about Maharashtra" and is engaged in discussions with the state government to acquire a land parcel for its proposed Rs 40,000-crore stainless steel manufacturing facility, its MD Abhyuday Jindal said. At present, Jindal Stainless has a capacity of 3 million tonnes per annum at its two plants in Hisar (Haryana) and Jajpur (Odisha). The company is in the process of ramping up capacity to 4.2 MT by FY27. In an interview to PTI, Jindal said, "We are very serious about the investment. Currently, we are in discussions with the state government for acquisition of land." He made the remarks in reply to a question seeking an update on the agreement signed with the Maharashtra government in March this year. On the capex for FY26, Jindal said it has been fixed at Rs 2,700 crore, which includes Rs 1,000 crore spillover of FY25. In FY25, the company's capex guidance was Rs 5,500 crore but it translated into Rs 4,500 crore. So the remaining has been added to FY26.

Jindal Stainless Q4 results: PAT rises 18% to ₹590 crore on one-time gains

Jindal Stainless on Thursday reported an 18 per cent rise in consolidated net profit at Rs 590 crore in March quarter of FY25, primarily on account of one-time gain from two exceptional items. It had posted a net profit of Rs 501 crore in the January-March period of the preceding 2023-24 financial year, the company said in a statement. The net revenue increased 8 per cent to Rs 10,198 crore in the fourth quarter of FY25 from Rs 9,454 crore in the same period a year ago. However, in the entire FY25, net profit fell to Rs 2,500 crore from Rs 2,693 crore in FY24. The board of directors recommended a dividend of Rs 2 per share for the financial year 2024-25. The company's consolidated net debt as on March 31, 2025 stood at Rs 3,899 crore. In a post-earnings call, JSL MD Abhyuday Jindal said the rise in profit numbers was primarily because of two exceptional items -- dividend payout from Jindal United Steel Limited (JUSL) and stake sale in Jindal Coke. As per details shared by JSL, t

Jindal Steel Q4 results: ₹304 crore loss despite higher sales

Jindal Steel and Power Ltd (JSPL) on Wednesday reported a consolidated loss of Rs 304 crore for the March quarter of 2024-25. It had posted a net profit of Rs 933 crore in the January-March period of 2023-24, the company said in a statement. The company's gross revenue fell to Rs 15,525 crore from Rs 15,749 crore in the year-ago quarter. The company produced 2.11 million tonnes of steel, up from 2.05 million tonnes in the fourth quarter last financial year. Sales rose to 2.13 million tonnes from 2.01 million tonnes in the same quarter FY24. The Board of Directors also recommended a final dividend of 200 per cent i.e., Rs 2/share for the year, subject to approval of shareholders. Consolidated net debt declined to Rs 11,957 crore as of March 2025 from Rs 13,551 crore as of the end of December 2024. The total capex for the quarter was Rs 2,312 crore largely driven by the expansion projects at Angul. Part of OP Jindal Group, JSPL has a presence in steel, power and mining sectors.

JSW Steel becomes world's most valuable steelmaker with $30.3 bn mcap

A sharp focus on innovation, sustainability, and strategic investments has cemented JSW Steel's position at the forefront of the industry, say group officials

Jindal Steel and Power, Western Coalfields win 11th auction of coal mines

The newly auctioned mines are projected to generate an annual revenue of approximately Rs 3,330 crore and attract a capital investment of approximately Rs 2,319 crore

Metal stocks shine: HZL, SAIL, JSW Steel rally up to 10% on safeguard duty

Metal stock rally: The Nifty Metal index rose as much as 1.67 per cent to hit an intraday high of 9,185.20.

Tata Steel, SAIL: Outlook for Indian steel stocks on Trump tariff woes

Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.

Vedanta, SAIL, Hindalco, JSW Steel, Tata Steel drop up to 6%; here's why

The Nifty Metal Index slumped 3.37 intraday on Monday, as heavy selling pressure dragged down key stocks across the sector

JSPL shares plunge 14% after Q3FY25 results; key factors behind fall

Jindal Steel & Power Ltd (JSPL) share price plunged 13.82 per cent at Rs 723.95 a piece on the BSE in Friday's intraday trade after the company's profitability declined due to rising costs

Here's why Nifty Metal index rose over 1% on November 26; details inside

At 11:52 AM, 12 of the 15 stocks in the Nifty Metal Index were trading in the green, while three remained in the red

Jindal Steel and Power Q2 results: Net profit falls 38% to Rs 860 crore

Jindal Steel and Power Ltd (JSPL) on Wednesday reported 38 per cent fall in consolidated net profit at Rs 860 crore for September quarter, on account of lower revenue. It had posted a net profit of Rs 1,390 crore for the period ended September 2023, the company said in a statement. Gross income fell to Rs 13,025 crore from Rs 14,128 crore in the July-September period of 2023-24. During the second quarter, the company's steel production increased to 1.97 million tonne (MT) from 1.90 MT in the same period a year ago. Sales were at 1.85 MT as against 2.01 MT. The company said its net debt stood at Rs 12,464 crore as on September 30. The total capex for the quarter was Rs 2,642 crore, largely driven by the expansion projects at Angul. As per an exchange filing, Wollongong Resources Pty Ltd Australia, a step-down subsidiary of the company, recorded net loss after tax at Rs 35.74 crore for the quarter. "As on September 30, 2024 the accumulated losses and negative net worth of Jindal St

Jindal India plans to invest Rs 1,500 crore to expand production capacity

Jindal India, a downstream steel player, on Thursday announced its plans to invest Rs 1,500 crore to increase its annual production capacity to 1.6 million tonne. The expansion focuses on the production of coated flat products, pipes, and crash barriers, the company said in a statement. "Jindal India announces a capex spend of over Rs 1,500 crore to effect a strategic capacity expansion of 0.6 Million MT, a 60 per cent increase from its current capacity of 1 million metric tonne per annum," it said. The expansion is expected to be completed by the financial year 2025-26, while the production is slated to be started within the ongoing fiscal, it said. The increased focus on rapidly augmenting the nation's highway network with critical safety components such as crash barriers is a key area where Jindal India has been adding value, a company spokesperson said. Part of B C Jindal Group, Jindal India Limited is into manufacturing of colour-coated and galvanized steel sheets and coils,

JSPL, JRPL sign pact to invest in green hydrogen production in Odisha

The steel producer said on Monday that this represents the largest investment in green hydrogen by any Indian steelmaker

Jindal Steel Q1 results: PAT falls 21% to Rs 1,338 cr on weak steel demand

In April-June, general elections, which lasted for nearly half quarter, led to muted steel demand, analysts said, which was compounded by higher costs of rebar, a key raw material for steelmakers

Budget 2024: FinMin announces Critical Mineral Mission; what we know so far

Union Budget 2024: Finance Minister Nirmala Sitharaman announced the government will soon conduct the first round of offshore mineral auction round under the Critical Mineral Mission

'I feel violated': Woman accuses Jindal Steel exec of molestation on flight

The woman, who was seated next to Dinesh Kumar Saraogi, a senior executive at Jindal Steel Group, alleged that he behaved inappropriately

Jindal Steel & Power stock already factoring in improving prospects

Given a higher conversion of semis into value-added products, JSPL expects realisation and profitability to improve

Jindal Steel Q4 results: PAT at Rs 933 cr, up 100.2%; revenue falls 1.4%

BENGALURU (Reuters) - India's Jindal Steel & Power reported on Monday a fourth-quarter profit that doubled from a year earlier as input costs declined.

Pre-market: Nifty key levels; Stocks to react to Q4 nos, IIP data on May 13

All you need to know before the market opens on Monday, May 13: Gift Nifty hints gap-down open; India's IIP growth rate slows; Jindal Steel, DLF, UPL and Zomato Q4 results today.

BSE Metal index surges 3% as base metals climb to multi-year highs

Metal stocks top performers: Here's why metal stocks were in demand on the Dalal Street on Wednesday.