The 260-meter rail produced by the Jindal Steel and Power Limited (JSPL) would power company’s plan to enter into Indian Railways market dominated by the state-run Steel Authority of India Limited (SAIL).
The financial metrics, including debt coverage ratios and the market value, of Jindal Steel and Power (JSPL) has declined sharply in the past six months, worrying its bankers and mutual fund (MF) lenders.
This article has been modified. Please see the clarification at the end.The government’s decision to impose 20 per cent safeguard duty on import of certain steel products has worked in favour of companies such as Tata Steel, JSW Steel and SAIL.
One of Australia's oldest coal mines on Tuesday said it was being shut by its Indian owner Jindal Steel and Power as market conditions in the sector continue to deteriorate and financial pressures on producers mount.
Even as uncertainty over allocated coal blocks were proving to be an overhang for Jindal Steel and Power Limited (JSPL), its performance for the quarter ending June has disappointed the Street further.
Shares of Jindal Steel & Power were down over 4% on the Bombay Stock Exchange after the company reported a consolidated loss of Rs 339 crore during the first quarter ended June 30, 2015 compared with a profit of Rs 401 crore in the same quarter last
Jindal Steel and Power's consolidated net profit decreased 39 per cent to Rs 355 crore, against the last quarter of the year 2014-15. The year-on-year quarterly decrease in consolidated net profits was of 11.5 per cent.
Congress leader and industrialist Naveen Jindal, accused in a coal block allocation scam case along with 14 others, was today allowed by a special court to travel abroad from June 14 to June 29 for business purposes.
Major steel producers that have grounded investments of around Rs 2 lakh crore on their projects in Odisha have urged the state government to step up availability of iron ore and chrome ore and soften steep water charges imposed on the units.
Shares of Jindal Steel & Power (JSPL) dipped 4% Rs 124, their lowest level since January 2009 on the BSE, after the company reported a consolidated net loss of Rs 519 crore for the fourth quarter ended March 31, 2015 (Q4) against a net profit of Rs 403
The trial court in a coal block allocation case granted bail on Friday to Jindal Steel & Power (JSPL) chairman Naveen Jindal, former Jharkhand chief minister Madhu Koda, former Union minister of state for coal Dasari Narayan Rao, former Union coal
A special court on Friday granted bail to Jindal Steel & Power Ltd (JSPL) Chairman Naveen Jindal, former Jharkhand chief minister Madhu Koda, former minister of state for coal Dasari Narayan Rao, former coal secretary H C Gupta and six others in a coal
Shares of Jindal Steel and Power Limited (JSPL) slipped around 6% in morning trade on Thursday on the National Stock Exchange (NSE) to Rs 137, after the Central Bureau of Investigation (CBI) chargesheeted its chairman, Naveen Jindal, for an alleged