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Jindal Steel and Power

Jindal Steel plans to divest Chhattisgarh power unit, shares reverse gains

JSPL shares wiped off initial gains and closed 3.48 per cent down at Rs 66.60.
Jindal brothers sign Rs 6,500 crore power deal

Billionaire Sajjan Jindal’s JSW Energy Ltd has agreed to buy a 1,000 megawatt power plant from his brother’s heavily indebted Jindal Steel and Power Ltd in a deal valued at up to $976 million, the companies said on Wednesday.
Court orders Jindal, others be charged

In a major setback for Jindal Steel and Power (JSPL) chairman and former member of Parliament of the Congress party Naveen Jindal, a special Central Bureau of Investigation…
Metal index among top gainers today; Tata Steel surges 5%

Tata Steel share price surged as much as 5 per cent intraday on Wednesday on reports that managers at Tata’s Port Talbot steelworks have been briefed about a potential management buyout plan.
JSPL starts 1.4 MTPA rebar mill in Oman

Jindal Shadeed, an Oman-based subsidiary of Naveen Jindal-led Jindal Steel and Power, hopes to beat competition from China and other steel-surplus nations to get a significant…
Two downgrades a day put India Inc in trouble

At two downgrades a day, the quality of India Inc’s debt is fast deteriorating. Thanks to160 downward revisions in the last two months alone…
Jindal Steel puts expansion plans on hold, shares fall over 10 per cent

According to a report in Financial Express newspaper, the company has also reduced employee salaries by 10 per cent in order to reduce cost. Furthermore, the salary disbursements to employees are also being delayed.
Jindal Steel & Power cuts wages 10 pct, says staff offered 25% haircut

The Naveen Jindal-promoted Jindal Steel & Power (JSPL), which has reported losses for the past four quarters, has reduced employee salaries by 10% in order to reduce cost
Jindal Steel and Power share price fall over 2% on Q2 results

Jindal Steel and Power (JSPL) share price fall over 2 per cent in the early trade on Monday after the company on Saturday reported a consolidated net loss of Rs 617.94 crore for the quarter ended September 2015
10 Stocks that made news today: S H Kelkar, MTNL, GMR Infra and more

GMR Infrastructure shares closed 13.13 per cent up at Rs 13.44 as the company’s consolidated net loss in July-September quarter narrowed to Rs 398.67 crore.
Sebi wants fund houses to furnish corporate bond investment details

Securities and Exchange Board of India (Sebi) on Monday has asked all the fund houses to furnish the details of their investments into corporate bonds which has been downgraded by the rating agencies.
Icra downgrades Jindal Steel and Power ratings

Icra said that the revision of JPL’s long- term rating takes into account moderation in the financial performance and debt coverage indicators of the firm
Jindal Steel shutting down coal mine in Australia

One of Australia’s oldest coal mines owned by Jindal Steel and Power is being shut down following its deteriorating operating and financial conditions.
Jindal Steel and Power shares recover after hitting nearly 9-year low

The stock hit nearly nine-year low of Rs 62.40 in intra-day trade, its lowest level since November 2006 on the BSE after the company was excluded from the MSCI India index.
Jindal Steel & Power posts Q1 loss of Rs 339 cr; mulls selling non-core assets

Jindal Steel & Power (JSPL) today reported a consolidated net loss of Rs 339.26 crore for the April-June quarter owing to higher depreciation and finance costs.

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