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.
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...
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.
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...
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.
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 (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
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.
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 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
One of Australia's oldest coal mines owned by Jindal Steel and Power is being shut down following its deteriorating operating and financial conditions.
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 (JSPL) today reported a consolidated net loss of Rs 339.26 crore for the April-June quarter owing to higher depreciation and finance costs.
