In addition to UK-listed Great Eastern Energy, Brisbane, Australia-based Dart Energy and a consortium of Jindal Steel and Power and Deep Industries have won bids for four coal bed methane (CBM) gas blocks of Oil and Natural Gas Corporation (ONGC).
Jindal Steel and Power (JSPL) continued to trend downward as it hit four-year low of Rs 295.25 on Monday. The has stock lost more than 8% in last two trading sessions after posting a dismal show in the March 2013 quarter.
Jindal Steel and Power Limited (JSPL) has dipped 5% to Rs 299, extending its Friday’s 4% fall after reporting a 35% year-on-year (yoy) drop in its consolidated net profit at Rs 753 crore for the quarter ended March 2013 (Q4) due to sharp fall in
Jindal Steel and Power (JSPL) is trading lower by 3% at Rs 319 after reporting 35% year-on-year (yoy) fall in its consolidated net profit at Rs 753 crore for the quarter ended March 2013 (Q4) due to higher interest burden and lower sales realizations.
Jindal Petroleum, a group firm of Jindal Steel and Power, has discovered crude oil in one of its blocks in Georgia and is planning to invest $100 million on development of its blocks in the East European country.
Jindal Steel & Power Ltd (JSPL) has posted 39% drop in its net profit at Rs 477.45 crore for the fourth quarter ended March 2013 as compared to Rs 783.62 crore in the same quarter previous year, mainly due to declining steel prices.
Jindal Steel & Power Limited (JSPL) plans to become India's third-largest steel producer by 2015. By 2020, revenues from its steel business are expected to rise about five times to Rs 80,000-1,00,000 crore.
Jindal Stainless Ltd (JSL) and Posco today signed a strategic pact that includes cooperation in South Korean major's $12 billion steel mill project in Odisha and joint exploration for a nickel facility in Indonesia.
Jindal Steel and Power's (JSPL's) bid to acquire a majority stake in Gujarat NRE Coke's Australian subsidiary has not been successful, with the company managing to acquire only 31.49% stake at the end of its open offer.
Jindal Steel and Power is trading higher by almost 3% at Rs 361 after the company said Naveen Jindal, the promoter of the company has purchased about 500,000 shares worth of Rs 17 crore through open market transaction.
Jindal Steel and Power Ltd (JSPL), which is building an integrated steel and power complex at Angul, plans to commission its gas-based DRI or sponge iron plant having two million tonne capacity by July this year, said Ravi Upal, managing director and