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
Jindal's house was raided by the CBI on Tuesday.
The mines are said to have 40 billion tonnes of ore, of which Jindal Steel Bolivia, a subsidiary of Jindal Steel & Power, had the rights to develop half -- 20 billion tonnes. To put in perspective, all of India's iron ore deposits add up to 28.5 billion tonnes.
Jindal Steel and Power Ltd on Friday said it has won the development rights of 20 billion tonnes of iron ore reserves in Bolivia and will invest $2.3 billion over the next 10 years for mining and setting up a steel plant in the South American country
Shares in Jindal Steel and Power Ltd were heading towards their biggest daily loss in almost two years on Monday.
Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, its chairman told Reuters, becoming the first big casualty of a court decision to scrap coalfields allocated to private firms since 1993.
Jindal Steel stock is set to split its stock on January 28, 2008
"We have acquired Shadeed Iron & Steel (Shadeed) which has 1.5 MT Hot Briquetted Iron (HBI) facility located in Sohar, Oman. The deal is closed," JSPL Director Sushil Maroo told PTI.
CBI has also named unknown officials of the union environment ministry in the PE.
The investment will be made over five years.
Steel major Jindal Steel and Power Ltd on Friday said it would invest $2.1 billion (about Rs 9,500 crore) to set up new steel plants in Bolivia for which it has reached an agreement with the Latin American nation.
You have to grow, and grow fast - that's the DNA of the JSW group, chairman Sajjan Jindal said as JSW Cement made its debut on the stock market mid-August. The remark captured not just the moment but also the momentum of JSW's growth story.
JSW Steel Ltd (JSTL) has announced a restructuring that unlocks value from Bhushan Power & Steel Ltd (BPSL) and changes the balance-sheet. JSTL will do a slump sale of 50 per cent stake in BPSL to Japan's JFE Steel in two equal tranches, totalling Rs 15,700 crore in cash.
Almost all major metal and mining firms would be affected by the Supreme Court ruling canceling 214 coal blocks, but Naveen Jindal's JSPL and Aditya Birla Group's Hindalco would be among the worst hit, analysts said.
The power sector presents a puzzle. A fast-growing economy should be aligned to higher power demand but that hasn't been the case in the financial year 2026 till date (FY26TD).
Five companies have submitted resolution plans for Jaiprakash Associates Ltd (JAL), the flagship company of the beleaguered Jaypee group, the company has said in a stock exchange filing. The Adani group, Vedanta, Jindal Steel & Power, Dalmia Bharat, and PSP Projects are the final bidders and the offers range from Rs 10,000 crore to Rs 11,000 crore, said a source close to the development.
JSPL is under CBI lens for giving wrong information about its land, water supply and previous allocations to get coal block in Jan 2008.
While the deal would help reduce debt at Jindal Steel, it would also be a boon for State Bank of India, which has been trying to broker an agreement between the companies
India on Monday imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories, including hot rolled coils, sheets and plates, to protect domestic players from surge in imports. The decision follows a recommendation for the same by the Commerce Ministry's investigation arm DGTR. Last month, the DGTR suggested to impose the duty.
Alongside the power plant, Chief Minister Banerjee also laid the foundation stone for JSW Industrial Park, which will be spread over 2,000 acres with plug-and-play infrastructure.
From the Sensex firms, Tata Steel climbed the most by 3.40 per cent, followed by Power Grid, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Bharat Electronics and Bharti Airtel. In contrast, Tech Mahindra, Maruti, UltraTech Cement and Bajaj Finserv were among the major laggards.
The recent notification by the Insolvency and Bankruptcy Board of India (IBBI) allowing part-resolution of stressed assets of companies under the insolvency process has sent many resolution professionals (RPs) and committees of creditors (CoCs) back to the drawing board to reassess their strategies for resolving corporate insolvencies.
Private investment projects constitute well over 70 per cent of the nearly Rs 34 trillion of fresh investments announced in H1 this year.
It is targeting a rise in output to 16 million tonnes per year by 2016 from four million now.
JSW Steel, owned by Sajjan Jindal, has emerged as the world's most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.
Bids for eight coal blocks were sent for re-examination.
When the initial public offer of Jindal Power was announced in 2009, it was seen by investors as a golden opportunity to own a quality stock.
Steel companies are witnessing margin pressures in Q2FY25 and this may persist until China sees growth recovery.
Jindal Steel and Power Ltd will set up a 1000 MW (250x4 units) power plant, accorded 'mega project' status, in Raigarh entailing an investment of Rs 3,900 crore.
The O P Jindal Group has emerged as a strong contender for Ispat Industries, the debt-laden company owned by Pramod and Vinod Mittal.
Jindal SAW, an O P Jindal Group company, is yet to receive a copy of the notice.
Jindal Steel and Power and JSW Steel, are in competing talks to buy parts of insolvent Italian steelmaker Lucchini.
A look into the controversies the 42-year-old chairman and managing director of Jindal Steel and Power has battled in the last six months.
The "weaponisation" of economic activity - through tariffs and sanctions - is now a reality, with countries leveraging these tools strategically, External Affairs Minister S Jaishankar said at the Raisina Dialogue recently.
In 2014, the Supreme Court of India revoked the allocation of more than 200 coal blocks which were sold by the government
JSW will pay at least Rs 4,000 crore Rs 40 billlion.
Zee News Editor Sudhir Chaudhary on Thursday told a Delhi court that Congress MP Naveen Jindal and 16 other officials of his firm against whom he had filed a criminal defamation complaint, had levelled "false allegations" against him to tarnish his image.
India's resource-hungry corporations are going aggressive to acquire natural resource assets overseas.
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