Key Developments: Jindal Steel And Power Ltd (JNSP.BO)

JNSP.BO on Bombay Stock Exchange

142.05INR
5:20am EST
Price Change (% chg)

Rs-1.50 (-1.04%)
Prev Close
Rs143.55
Open
Rs143.50
Day's High
Rs145.20
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Rs139.00
Volume
799,434
Avg. Vol
954,055
52-wk High
Rs350.00
52-wk Low
Rs128.00

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Latest Key Developments (Source: Significant Developments)

Jindal Steel And Power Ltd announces acquisition of JB Fabinfra Private
Thursday, 9 Oct 2014 09:26am EDT 

Jindal Steel And Power Ltd:Approves acquisition of remaining 1,020,000 equity shares of 10 indian rupees each for an aggregate amount of 1.02 crore (10.2 million) indian rupees only representing 51 pct equity stake in JB Fabinfra Private Limited (JBFAB) from its existing shareholders.JBFAB is a Joint Venture company in which the company holds 49 pct of equity share capital and after the proposed acquisition it will become a wholly owned subsidiary of the company.  Full Article

Legend Mining Ltd enters into agreement with subsidiary of Jindal Steel and Power Limited
Wednesday, 30 Apr 2014 04:10am EDT 

Legend Mining Ltd:Enters into a Share Sale and Debt Assignment Agreement (SSDAA) with a wholly-owned subsidiary of Jindal Steel and Power Limited (Jindal) for the sale of Legend’s 90 pct interest in Camina SA (Camina),1 the holding company of the Ngovayang Project in the Republic of Cameroon.Under the SSDAA, Jindal will acquire 100 pct of the shares of Legend Iron Limited (Legend Iron BVI) and the inter company loans provided by Legend to Camina, for cash consideration of A$12 mln payable upon completion.Further A$5.5 mln payable within 10 business days of the execution of a mining convention between Jindal and the Government of Cameroon.Subsequent negotiations to satisfy and/or waive certain conditions precedent have resulted in the A$12 mln payment being split into A$6 mln payable upon completion and the remaining A$6 mln 12 calendar months later.  Full Article

Jindal Steel And Power Ltd recommends dividend
Tuesday, 29 Apr 2014 05:49am EDT 

Jindal Steel And Power Ltd:Recommends dividend of 1.50 Indian rupees (150 pct) per equity share of one Indian rupee each on 914,885,984 equity share.  Full Article

Jindal Steel And Power Ltd commissions second 600 MW unit at Tamnar, Chattisgarh
Monday, 31 Mar 2014 06:26am EDT 

Jindal Steel And Power Ltd:Commissions the second unit of 600 MW out of the 4x600 MW expansion project at Tamnar in Raigarh district of Chattisgarh on March 30.The first unit of 600 MW out of the said 4X600 MW project was commissioned on March 14.Says 3rd unit of 600 MW is complete and ready for synchronization.  Full Article

Legend Mining Ltd Announces Sale Of 90% Interest In Camina SA To Jindal Steel And Power Ltd's Subsidiary
Tuesday, 19 Nov 2013 05:19pm EST 

Legend Mining Ltd announced that it has entered into a Share Sale and Debt Assignment Agreement (SSDAA) with a wholly owned subsidiary of Jindal Steel and Power Ltd (Jindal) for the sale of Legend’s 90% interest in Camina SA (Camina), the holding company of the Ngovayang project (Ngovayang Project or the Project) in the Republic of Cameroon (the Transaction). Pursuant to the SSDAA, Legend shall receive cash consideration of: AUD12.0 million upon completion of the Transaction (subject to working capital adjustments) (Tranche 1); and AUD5.5 million within 10 business days of the execution of a Mining Convention between Jindal and the Government of Cameroon (Tranche 2).  Full Article

Jindal Steel And Power Ltd To Acquire Majority Stake In Gujarat Nre Coking Coal - Business Standard
Thursday, 17 Oct 2013 04:40am EDT 

Business Standard reported that Jindal Steel And Power Ltd will acquire a majority stake of 53.63% in Gujarat NRE Coke's Australian subsidiary through a complex deal, which involves issue of convertible notes, placement of shares and option to acquire shares at a later stage.  Full Article

JSW Steel Ltd And Jindal Steel And Power Ltd To Bid For Stemcor's Indian Assets-Business Standard
Wednesday, 4 Sep 2013 09:45am EDT 

Business Standard reported that JSW Steel Ltd and Jindal Steel And Power Ltd will for the first time compete directly with each other as they prepare to bid for the Indian assets of UK-based Stemcor. The two firms will be the among the 9-10 parties interested in Stemcor's assets, estimated at $800 million.  Full Article

Jindal Steel And Power Ltd To Buyback Shares Worth Up To INR10 Billion-Business Standard
Friday, 30 Aug 2013 06:42am EDT 

Business Standard reported that Jindal Steel And Power Ltd will buy back 8.7% of its paid up capital, amounting to not more than INR10 billion and the offer will be launched within next 14 days. The Company Board in its meeting fixed a price of INR261 per share for the buyback offer from the open market through stock exchanges, JSPL said in a filing to the BSE.  Full Article

Jindal Steel And Power Ltd In Talks To Buy Stemcor's Pellet Unit In Odisha-The Economic Times
Tuesday, 9 Jul 2013 11:30am EDT 

The Economic Times reported that Jindal Steel And Power Ltd is in talks with UK-based steel trader Stemcor to buy Odisha-based unit, Brahmani River Pellets (BRPL), a source said. Financial terms of the transaction were not disclosed.  Full Article

Jindal Steel And Power Ltd Plans INR12 Billion Investment This Year-Business Standard
Wednesday, 3 Jul 2013 08:42am EDT 

Business Standard reported that Jindal Steel And Power Ltd plans an investment of about INR12 Billion this year for its ongoing 6.5 million tonne steel plant in Odisha besides setting up a power plant in Jharkhand.  Full Article

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India's Jindal Steel shelves $10 bln project after coal setback

NEW DELHI - India's 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.

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