Jindal Steel & Power Ltd has posted a net profit of Rs 602.10 million for the quarter ended December 31, 2002 as compared to net profit of Rs 294.30 million in the quarter ended December 31, 2001.
Jindal Steel & Power Q3 results on Jan 23, 2003
Forest land measuring 1838.79 hectares in Odisha has been diverted for 15 industrial projects in the state between 2004 and 2013.
Their coal block bids may be referred to CCI.
Adani Power bagged Jitpur mine in Jharkhand.
Major corporates are staring at an uncertain future after investing substantially on their projects
JSPL, Tata Power, Monnet Power, Jindal Photo in the dock.
The government on Friday issued fresh show cause notices to prior allottees of coal blocks like JSPL, JSW and Tata Steel, asking reasons behind delays in mines development and warned of deduction in their bank guarantees if they failed to furnish replies.
With the Supreme Court (SC) cancelling captive coal block allocations, Jindal Steel & Power Limited will be the worst-affected company.
The companies are crying foul over the cancellation of 25 blocks held by 68 firms over the past two days.
When the world was upended by the Covid-19 pandemic, metals got its shine back. In the last two years, infrastructure spending by major economies spurred demand, energy transition and intermittent supply disruptions fuelled a scorching rally in metals after a downturn during the first Covid wave. Now, Russia's war on Ukraine is ensuring that elevated prices stay the course.
On June 30, mining and metals giant Vedanta, announced that it had decided to initiate a strategic review of its steel and steel-making raw material businesses. The review would begin immediately and evaluate a broad range of options, including but not limited to a potential strategic sale of some or all of the steel businesses, the company said in its stock exchange filing. The signs have been there - approaches had been made to steel players over the past year. Last December, Anil Agarwal, chairman Vedanta group, told Business Standard that the steel plant capacity was about 3 million tonnes (mt).
Ajit Mishra answers reader queries on the stock market.
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
Pharma shares extended losses after the government's ban on combination drugs.
Bank shares were the top losers after sharp gains last week.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
Non-mineral-rich states will benefit from tariff concessions.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Few top honchos of India Inc did very well in 2014.
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