Page 3 - Jindal Steel And Power Limited

JSPL steel production jumps 31% to 13.7 lakh tonnes during April and May

Jindal Steel and Power Ltd (JSPL) has reported 31 per cent year-on-year jump in its steel production to 13.71 lakh tonnes during April and May

Promoter company Worldone to acquire JSPL's thermal power business

Industry sources said the estimated deal size is close to Rs 12,000 crore, which includes Rs 6,500 crore debt, Rs 7,000 crore redeemable preference shares and Rs 3,015 crore equity infusion

Steel stocks hit fresh high on price hike, improvement in production

Stocks of all major steel producers hit a new one-year high with Tata Steel leading the pack

Nithia Capital, CarVal Investors complete purchase of two Uttam Group firms

Total consideration Rs 2,000 cr; companies were on RBI's second list of NPAs mandated for resolution under IBC

Jindal Steel and Power posts record sales, production numbers in December

Private steel maker Jindal Steel and Power Ltd (JSPL) on Monday posted a record 30 per cent jump in its standalone production and 25 per cent growth in sales during December 2020

ArcelorMittal, JSW Steel among six firms keen on buying Uttam Galva Steel

Uttam Galva's total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors

Weekly stock picks by Religare Broking: Buy Bharat Forge, IndusInd Bank

Among the private banking names, IndusInd Bank has been trading in a congestion zone and its chart pattern is showing the potential of a breakout in near future

JSPL clocks highest-ever quarterly standalone sales of 1.93 mn tonnes in Q2

JSPL recorded 30% year-on-year growth in consolidated steel sales of 2.41 mn tonnes in the second quarter of current financial year as compared to 1.85 mn tonnes in Q2 FY20

JSPL back in the black; posts net profit of Rs 267 cr in June quarter

During April-June 2020, the company's total income declined to Rs 9,281.88 crore from Rs 9,945.58 crore in the year-ago quarter

Install washeries at all coal mines to provide affordable fuel, says JSPL

Washing coal increases the efficiency and quality of the dry fuel.

JSPL beats the trend, reports 12% rise in Q1 Steel Sales amid Covid-19

Jindal Steel & Power Limited (JSPL) has beaten the trend reporting healthy growth in production and sales volume during April-June quarter in the midst economic crisis triggered by coronavirus pandemic.

Jindal Steel dips 3.5% after JSPML agrees to sell full stake in Oman plant

The enterprise value of the deal is over $1 billion and Alpen Capital, a West Asia-based investment bank was appointed to run the sale process, which received competitive offers from multiple interest

Blast at JSPL's Raigarh plant kills two workers, two others injured

The accident took place on Wednesday when four contractual workers were cutting the diesel tank of an abandoned bus parked in JSPL's scrap yard in Patralapali village

JSPL's all-round beat in Q4 leaves investors happy; stock rises over 13%

Operational performance is expected to remain good, and volume growth guidance too bodes well

Sebi should revisit liability side of MFs

This would be a good time to change the 20-25 rule to 50-5 or 50-10

JSPL stock skids 6% as SC defers interim order in Sarda mines case

JSPL shares ended the day 6% lower than its previous close on the BSE at Rs 150 a piece

No plans to expand, JSPL hopes to become debt-free in 4 yrs: Naveen Jindal

Speaking at the India Economic Conclave 2019, he however said his company will no longer expand in newer areas

Coal block allocation, higher margins may cut costs to drive JSPL growth

JSPL, however, continues to stand out as expansions at its Angul plant are driving volumes, helping it gain economies of scale and higher margins

Chart check: Here's how metal stocks have fared at the bourses

Tata Steel has witnessed "Death Cross" pattern on the weekly chart but RSI and MACD are trading with a positive crossover.

JSPL aims to reduce net debt to below Rs 30,000 cr level in next two years

Jindal Steel & Power (JSPL) on Sunday said it has set a target of reducing its net debt by more than Rs 10,000 crore to below Rs 30,000 crore in the next two years. "JSPL has set target to reduce its net debt by more than Rs 10,000 crore to below Rs 30,000 crore and take EBITDA (earnings before interest, tax, depreciation and amortization) to more than Rs 12,000 crore on a consolidated yearly basis over the next two years," a company statement said. JSPl chairman Naveen Jindal disclosed his plans at the company's 40th AGM in Hisar on September 27, 2019. Jindal said, though there is slowdown, the company is comfortably placed in the market with value added and niche products. The company would be more aggressive in marketing its products and would continue to look to divest the non-core assets, to reduce debt to the target level, he added. "The company has successfully reduced its net debt by more than Rs 4,000 crore in the last fiscal and will continue to work towards doubling the