Jindal Steel and Power has rallied 5% to Rs 288 after reporting a better-than-expected consolidated net profit at Rs 418 crore for the quarter ended June 30, 2014 (Q1), due to strong operating performance of standalone steel business.
The Naveen Jindal owned Jindal Steel and Power, which is in advanced stage of commissioning two million tonne steel-making capacity at Angul, faces an uncertain raw material environment threatening to impede the operationalisation of the plant.
The Comptroller & Auditor General of India (CAG) has rapped arbitrary use of emergency provisions under the Land Acquisition Act, 1894, to acquire 7,025 acres of private land in Odisha for 20 companies between 1995 and 2008.The industries that
Jindal Steel and Power surged 1.6% to Rs 332 on the BSE after winning a large order to supply nearly 88,000 tonnes of long rails to the Tata–Aldesa joint venture to use in the Eastern Dedicated Freight Corridor.
Association of Power Producers, a body representing private electricity generation companies, has asked the Power Ministry to halt the bidding process for two proposed 4,000 MW ultra mega power projects in Tamil Nadu and Odisha, saying the projects are
The meeting of inter-ministerial group on coal blocks to look into the issue of bank guarantees related to 61 mines allocated to firms such as ArcelorMittal, Tata Steel and JSPL has been postponed from today to tomorrow.
Does the stock market expect a rally in global steel prices? The share prices of India’s top steel makers such as Tata Steel, JSW Steel, Steel Authority of India (SAIL) and Jindal Steel & Power have rallied by a little more than 50 per cent from
O P Jindal Group's chairperson emeritus and minister for urban local bodies with the Haryana government Savitri Jindal today inaugurated the 810 Mw captive power plant (CPP) of Jindal Steel & Power Ltd (JSPL) at its steel making site at Angul.
The enforcement directorate (ED) has slapped money laundering charges against former minister of state in coal ministry Dasari Narayana Rao and industrialist Naveen Jindal in connection with its probe in the coal blocks' allocation case.
Shares of metal companies are under selling pressure after LMEX, a gauge of six metals traded on the London Metal Exchange (LME), declined for the fifth straight trading session on Thursday, May 1, 2014.Jindal Steel and Power (JSPL), Tata Steel, Hindalco
Breaking new ground in steel making technology, Naveen Jindal controlled Jindal Steel & Power Ltd (JSPL) expects to start producing sponge iron soon using synthesis gas from its coal gasification plant at the site of its six million tonne steel