Page 6 - Jindal Steel

Jindal Steel to enter container making biz to address domestic shortages

The company plans to manufacture containers at a price point lower than the landed cost of imported boxes

Jindal Steel first private firm to get "regular supplier" tag from Railways

With this, Indian Railways, its arms and track-laying contractors can source 60kg 880 grade (90 UTS) Rails made by JSPL for their ongoing and upcoming projects

Selling few iron ore blocks infrequently creates artificial deficit: Jindal

Says people end up paying a huge premium and then the assets become unsustainable

Enough capacity to meet India's rail needs, no need to import, says JSPL

The company says that it along with SAIL is equipped to meet Indian Railways entire rail demand

Jindal Steel, Adani Ports: Two stocks that Anand Rathi is bearish on

The stock price of Adani Ports has formed a triple top formation on the daily chart at around 365 levels

We aren't interested in spending outside the country: Jindal Steel MD

In a Q&A, V R Sharma says the Oman asset sale has helped ease the firm's balance sheet; the deal was part of a plan to prune the company's debt by about a third

Steel companies reorient strategy to capture rising rural demand

While some companies have chalked out a relatively long-term plan to increase market penetration, others are seeing rural demand bounce back to pre-Covid levels

JSW One to combine distribution network of steel, cement businesses

The initiative remains a marketing actitivity and is not a registered company

Tata Steel, JSPL: Morgan Stanley bullish on steel stocks; do you own any?

Supported by strong domestic demand in China, healthy exports, and rebound in domestic demand, global brokerage Morgan Stanley believes the steel industry's profitability cycle is turning faster

Improving realisations may help steelmakers forget Covid-19 memories

Improving realisations and cheaper raw material should help profitability, though domestic demand is yet to reach pre-Covid levels

JSW group will bring down China imports to zero in 2 years: Parth Jindal

While the firm's defence division does not import from China, its other businesses source products from that country.

Will touch full capacity utilisation level by September: Abhyuday Jindal

He said that the stainless steel sector has a direct correlation with the GDP growth of the country

JSL witnesses rebound, export orders approach pre Covid-19 levels

Even though the country is yet to lift the lockdown completely, JSL is recapturing its share in export markets and is ramping up domestic production volumes

New technology adds zing to Indian Railways; zinc-coated rails to be used

According to a source close to the development, the railway requirement will be about 1,000 track kilometre or approximately 120,000 tonnes of zinc every year

Crisil upgrades Jindal Steel NCD ratings to BBB positive as plant restarts

Upgrade reflects improvement in JSPL's business risk profile over medium term

Stock recommendations by Anand Rathi: Buy Shriram Transport Finance, HUL

Stock calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

Jindal Steel crude steel production rises 22% from year-ago to 1.61 MT

During the third quarter of FY20, JSPL recorded a growth of 30 per cent in sales at 1.66 MT, as against 1.27 million tonnes a year-ago.

Metal stocks gain; Tata Steel, Hindalco up 4%, Jindal Steel climbs 5%

Investor sentiment perked up after US national security adviser Robert O'Brien on Saturday said an initial trade agreement with China was still possible by the end of the year

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

Prakash Industries emerges as highest bidder for Bhaskarpara coal block

Prakash Industries on Wednesday emerged as the highest bidder for Bhaskarpara coal block in Chhattisgarh, an official said. Birla Corporation had on Tuesday bagged the Brahmapuri mine in Madhya Pradesh, the official said quoting the results of e-auction for coal mines under the eight tranche. Jindal Steel and Power Ltd (JSPL) was the highest bidder for Gare Palma IV/1 coal block in Chhattisgarh with a bid price of Rs 230 per tonne on Monday. Birla Corporation Ltd bagged the Bikram coal block in Madhya Pradesh with a bid price of Rs 154 per tonne last week. Six mines are on offer. Auctions for four blocks have been completed, the official said. The bidding for Jagannathpur B block and Jamkhani block will take place on Thursday and Friday, respectively. Bhaskarpara coal block was previously allocated to Bhaskarpara Coal Company Ltd (BCCL) -- a joint venture of Electrotherm (India) Ltd and Ultratech Cement Ltd, while Brahmapuri mine was previously allocated to Pushp Steels & ...