Page 2 - Jspl

Muted near-term iron prices likely to keep NMDC stock under pressure

Other triggers such as demerger/listing of steel plant unlikely this year

Steel prices likely to go up again from July 1 on high input cost: JSPL MD

"The prices have already bottomed out. There is no chance of reducing them further. There will be an upward price correction from Friday, July 1 mainly on account of higher input cost," he said

JSPL may produce rail wheelsets; to set up manufacturing unit in Raigarh

The plant will have an initial capacity of producing 25,000 wheelsets per year

From JSPL to Tata Steel, steel stocks melt down on export duty levy

Given lower earnings, fair value for steelmakers likely to reduce by 25%

Nifty Metal bleeds 7% after govt hikes export duty on steel products

The government levied export duty on 11 iron and steel intermediates and key steel products.

In struggle to get employees back to office; companies tread cautiously

In some small companies and mid-cap IT services, 20-30 per cent of people are already back in office, especially in areas where heavy engineering and design concepts are required

Steel Minister dedicates to nation JSPL's 1.4 MT rebar mill at Angul plant

The ultra-modern rebar mill of 1.4 MTPA (million tonne per annum) capacity is located at JSPL's 6 MTPA plant in Angul, Odisha

Enforcement Directorate raids JSPL premises for 'forex rule violation'

More places to be covered, searches may continue for a day or two: Officials

ED raids JSPL offices over suspected violation of forex regulations: Report

NEW DELHI (Reuters) - India's federal financial crime fighting agency raided offices of Jindal Steel & Power Ltd (JSPL) in New Delhi on Thursday over suspected violation of foreign exchange regulations, a source familiar with the matter said.

JSPL plans to set up India's second coal gasification plant at Raigarh

The company is already using the coal gasification technology to produce steel at its plant in Angul, Odisha

Jindal Steel & Power plans largest and greenest steel plant in Odisha

After bagging Utkal B1 and B2 coal block in the Angul-Talcher belt in the state, Jindal Steel & Power Limited (JSPL) on Friday said it would develop its Odisha plant into the largest and greenest facility in the world. This was stated by the company's chairman Naveen Jindal. He said JSPL has secured sufficient reserves of coal to enable the mega steel company to enhance its capacity for green steel making. He claimed that JSPL is the first steelmaker in the world to build Coal Gasification to produce steel using clean coal technologies. Greeting the people of Odisha on the occasion of Utkal Divas, Jindal said, "We won the Utkal B1 & B2 Coal Block on 17th Punya Tithi of Shri OP Jindal Ji who had a vision of using indigenous coal to make steel. This will help us to translate the shared dream of Bauji and legendary leader Biju Patnaik ji to a reality and bring prosperity to Odisha through value addition of natural resources and industrialisation". "Odisha is our karmabhoomi ...

Sensex falls 571 pts, Nifty ends below 17,150; metals shine, FMCG bleed

Stock market live updates: Opening Bell Stock market live updates: The key benchmark indices started Monday's session with mild gains amid ensuing uncertainty of the Russia-Ukraine war. The BSE Sense

Steel major JSPL Mauritius' arm makes $ 357-mn prepayment to lenders

Homegrown steel major JSPL on Sunday said its subsidiary in Mauritius has made a prepayment of USD 357 million to lenders. The prepayment will help clear the entire debt on Jindal Steel & Power (Mauritius) (JSPML), Jindal Steel and Power Limited (JSPL) said in a statement. "Jindal Steel & Power (Mauritius) has prepaid a USD 357 million loan to its lenders. (Entire) overseas debt will get entirely paid in the coming quarters," it said. Over the past three years, JSPL said, it has been able to reduce its overseas debt from USD 1.8 billion to USD 130 million. The bulk of its overseas debt now sits in its Australian subsidiary at USD 113 million, it added. In September 2021, JSPL had announced making a pre-payment of USD 106 million to the lenders of its arm Jindal Steel & Power (Australia) Ltd. As per the company statement, JSPL Group's net debt has come down from a peak of Rs 46,500 crore to Rs 10,981 crore in December 2021. "We are pre-paying our lenders to further ...

Jindal Steel & Power keen on RINL, NMDC's Nagarnar iron and steel plant

The two assets are bigger than the 1.1 mt NINL and would bolster steelmaking capacity for any buyer.

Metals poised for a rally, suggest charts; JSPL, Tata Steel are top picks

A Double Bottom breakout on metal index indicates an upside towards 6,300-level, which is 7% higher from current levels.

JSPL steel production rises 9% to 5.9 mn tonnes in April-Dec 2021

Jindal Steel and Power Limited (JSPL) said its steel production rose to 5.90 million tonnes during April-December 2021

Govt must ensure enough mining blocks for everyone: JSPL's Naveen Jindal

He said there are challenges in mining in India that need to be taken care of through a single window system

We will be net debt free by July 2022, says JSPL's MD V R Sharma

"Our main interest is not inorganic growth, it is brownfield expansion," said Sharma

JSPL plans to start building Botswana mine in 2022, to produce 4.5 MT coal

GABORONE (Reuters) - India's Jindal Steel & Power Limited (JSPL) will start building a coal mine in Botswana's southeastern Mmamabula coalfields in 2022, aiming to supply the export market and a planned coal power plant, a company official said.

JSPL reports consolidated net profit of Rs 2,584 crore for Sept quarter

Net sales of the company in the period under review stood at Rs 13,611 crore, up 67 per cent