Jindal Steel and Power today said it will invest around $2 billion to raise capacity of its Oman-based wholly-owned subsidiary Shadeed Iron and Steel LLC by 2.5 million tonnes per annum over the next 3-4 years.
Jindal Stainless Ltd (JSL) has filed a special leave petition before the Supreme Court with a request to direct the Odisha government against recommending lease renewal of chromite mines belonging to Tata Steel for the third time.
In a fresh blow to Jindal Steel and Power Limited (JSPL), promoted by Naveen Jindal, the Central Bureau of Investigation (CBI) has registered a case for alleged cheating and criminal conspiracy related to one of its largest functional coal mines in
Rating agency Icra on Friday revised ratings debentures and for bank lines and debt instruments of Jindal Steel & Power Ltd and Jindal Power Ltd, following the Supreme Court's verdict cancelling coal blocks allotted to the entities.
With the Supreme Court (SC) cancelling captive coal block allocations, Jindal Steel & Power Limited will be the worst-affected company. It has three operating mines in Chhattisgarh with 12 million tonne capacity and six blocks yet to start production.
Jindal Steel and Power (JSPL) has dipped 15% to Rs 180, its lowest level since March 2009 on the National Stock Exchange (NSE), after the Supreme Court today cancelled all coal block allocations except for government-run blocks that operate on a non-JV
In the face of growing coal imports, energy-hungry India needs to develop more coal blocks and reaffirm the faith of corporate sector in government decisions to ensure continued flow of investments from private sector, Naveen Jindal, chairman of Jindal