Naveen Jindal, chairman of Jindal Steel & Power Ltd, one of India’s biggest steelmakers, today said the country is going through an economic slowdown, but assured investors that his company would continue to improve profits and reduce debt. Like its peers in the infrastructure and construction businesses, JSPL has very high levels of debt. During […]
Jindal Steel & Power Limited reported a 17% year-on-year jump in its steel output for the three months from April to June, 2109. This compares to a 20% jump seen in the previous quarter. JSPL produced 1.57 million tons of steel and steel products during the quarter, slightly higher than the 1.51 millon tons reported […]
Steel and energy company Jindal Steel and Power Ltd (JSPL) said it received an order worth Rs 665 crore from Rail Vikas Nigam Limited (RVNL) for the supply of over 89,000 tonnes of rails. Rail Vikas Nigam Limited is an organisation associated with the Indian Railways, and builds engineering works for the Indian Railways. JSPL […]
Steel and Energy Company Jindal Steel and Power Ltd (JSPL) said it completed the delivery of its first ever rail order for the supply of rails to the Indian Railways four months ahead of schedule. On July 28, 2018, JSPL had bagged 20% of the Rs 2,500 crore global tender by the Indian Railways to […]
Steel and energy company Jindal Steel and Power Ltd reported its highest ever domestic quarterly steel production and sales in the fourth quarter of financial year 2018-19. The company registered crude steel production of 1.51 million tonnes during the January-March quarter of 2019, an increase of 23% from the 1.26 million tonnes produced in the […]
Jindal Steel and Power Ltd reported a 53% jump in crude steel sales for the September quarter compared to the same quarter last year. It sold 1.27 million tons of crude steel during the quarter, up 7.6% compared to the March quarter, and well clear of the 0.83 million tons recorded in the same quarter […]
Jindal Steel and Power Limited said steel sales volumes in India rose 46% in Apr-Jun quarter to 1.18 mln tons compared to the year ago. The sales number is at a similar level to the preceding Jan-Mar quarter, when the company had sold 1.18 million tons. In terms of production, there was an increase of […]
Jindal Steel and Power said it secured coal linkages of 511,000 tonnes per year in a recently concluded auction for the use of its captive power plants. “The coal linkages, secured for a 5-year duration, will provide steady supply of fuel to captive power plants run by the company for its steel-making operations,” JSPL said. […]
Jindal Steel & Power Limited (JSPL), one of India’s leading steel manufacturers, said it will set up a plant to manufacture rails for metro & high speed rail projects with an investment of Rs 200 crores. The plant is capable of producing 30,000 MT of rails per month and has been set up in technical tie-up […]
