After investing Rs 12,500 crore this year, the Naveen Jindal-promoted Jindal Steel & Power plans to focus on debt reduction in 2014-15, along with an increase in earnings before interest, tax and amortisation (Ebitda).
Jindal Steel and Power Ltd will stop buying coking coal from Australia in three months from now as its own mines there start shipping, a top company official said, a move that could further soften prices of the commodity.
Continuing with its tirade against captive coal miners defaulting on the development of coal reserves, the coal ministry on Monday imposed a bank guarantee of Rs 68.5 crore against Jindal Steel and Power Ltd (JSPL), promoted by industrialist and
A three-member team of the Supreme Court appointed Central Empowered Committee (CEC) will take up site visit of the Thakurani mines area at Barbil during its four-day visit to Odisha scheduled during March4-7.The CEC team is led by P V Jayakrishnan,
The inter-ministerial group (IMG) mandated to oversee status of allocated coal blocks has turned down Odisha's plea to reconsider its recommendation for de-allocating two blocks allotted in the state for coal-to-liquid (CTL) projects.
Jindal Steel and Power Ltd (JSPL), a leading manufacturer of flat and long steel products in the country, today said it was hoping for normal consumption growth of steel sector in the upcoming financial year.
After cancelling the Arkhapal Srirampur coal block given to Tata Steel for a Rs 45,000 crore coal-to-liquid project in Odisha, the Union coal ministry has dealt blow to another CTL project proposed in the state by Jindal Steel and Power Ltd (JSPL).
The coal ministry has asked the environment ministry to assess the feasibility of grant of forest clearances (stage II) with regard to 10 coal blocks allocated to companies like Hindalco, JSPL, Tata Steel and Essar Power and send its comments by this
Acting on the recommendations of a high-level inter-ministerial panel, the coal ministry on Monday cancelled 10 coal blocks allocated to 18 companies including Adani Power, Jindal Steel and Power (JSPL), Rungta Mines and a joint venture between Tata and
The sale of the Indian assets of Stemcor, a London-based steel trading company, has been extended with the bid date postponed to January 20, a source told Business Standard on Monday.Bidders were to give binding offers and financial bids by Monday.
The Coal Ministry has slapped show-cause notices on 14 firms, including Jindal Steel & Power Ltd (JSPL) and Hindustan Zinc, for delay in the development of the coal mines allocated to them for captive use.
Essar Steel, JSPL and state-run KIOCL have evinced interest in participating as the partner in the Rs 2,200-crore joint venture between NMDC and RINL for setting up a 450-km slurry pipeline and a pellet plant.