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Jindal Steel And Power Ltd (JNSP.BO)

JNSP.BO on Bombay Stock Exchange

107.85INR
23 May 2017
Change (% chg)

Rs-6.10 (-5.35%)
Prev Close
Rs113.95
Open
Rs113.80
Day's High
Rs116.35
Day's Low
Rs103.00
Volume
5,799,909
Avg. Vol
2,123,417
52-wk High
Rs135.30
52-wk Low
Rs57.80

Latest Key Developments (Source: Significant Developments)

India's Jindal Steel and Power March-qtr consol loss narrows
4:25am EDT 

May 23 (Reuters) - Jindal Steel And Power Ltd :March quarter consol net loss 1 billion rupees.Consensus forecast for march quarter consol loss was 4.39 billion rupees.March quarter consol total revenue from operations 67.56 billion rupees.Consol net loss in march quarter last year was 6.36 billion rupees as per Ind-AS; consol total revenue from operations was 54.42 billion rupees.Says overall domestic consumption of steel in India could strengthen to 6-7 percent growth in FY18.Says co aiming to increase steel production by about 50 percent during FY18.Co is looking to ramp up production steadily from Angul Complex; also looking to better costs of production.Says co aiming to export over 1 million tonne of steel and export 2 million tonnes of pellets in new financial year.Co will be commissioning basic oxygen furnace by october 2017 at Angul.  Full Article

Jindal in talks to sell power plant for over $1.5 billion - Bloomberg, citing sources
Friday, 3 Feb 2017 08:07am EST 

: Jindal in talks to sell power plant for over $1.5 billion - Bloomberg, citing sources . Jindal Steel & Power has been in discussions about selling the plant to Adani Power - Bloomberg, citing sources Source : http://bloom.bg/2kwR9Z9 ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Jindal Steel & Power divests wind power business at Maharashtra
Tuesday, 4 Oct 2016 05:10am EDT 

Jindal Steel And Power Ltd :Says divestment of 24mw wind power business undertaking situated at Satara, Maharashtra..  Full Article

JSW Energy gets members' nod to buy power plant from Jindal Steel & Power
Friday, 22 Jul 2016 08:47am EDT 

JSW Energy Ltd : Gets members' nod for acquisition of 1,000 MW power plant from Jindal Steel & Power, and for further issue of securities .  Full Article

Jindal Steel & Power gets members' nod to divest 1000 MW power plant of unit
Monday, 18 Jul 2016 08:15am EDT 

Jindal Steel And Power Ltd : Gets members' nod to divest 1000 MW power plant of unit and for sale of 920 MW captive power plant of co .  Full Article

Jindal Steel and Power exec says sale of 1000 MW power plant to JSW Energy would cut debt burden
Monday, 4 Jul 2016 05:00am EDT 

Jindal Steel And Power Ltd : Chair Naveen Jindal says sale of 1000 mw power plant to JSW would be enough to reduce our debt burden . Further company coverage [JNSP.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

Jindal Steel & Power approves issue of NCDs of up to 50 bln rupees
Tuesday, 21 Jun 2016 09:00am EDT 

Jindal Steel And Power Ltd : Approved issue of NCDs of up to 50 billion rupees and issue of further securities of up to 50 billion rupees .  Full Article

Jindal Steel And Power approved seeking members' nod for sale of 920 mw CPP to Jindal Power Ltd
Monday, 6 Jun 2016 08:10am EDT 

Jindal Steel And Power Ltd : Approved seeking members' nod for sale of 920 mw cpp to Jindal power ltd . Approved seeking members nod for divestment of 1000 mw power plant of unit to JSW Energy .  Full Article

Jindal Steel And Power Ltd - Indian court to try Naveen Jindal over alleged coal scam - Reuters News
Friday, 29 Apr 2016 10:11am EDT 

Jindal Steel And Power Ltd:An Indian court on Friday ordered businessman Naveen Jindal to face trial on charges of criminal conspiracy over an alleged scam involving government allocations of coalfields.Naveen Jindal is chairman of Jindal Steel and Power JNSP.NS which said in a statement it denied any wrongdoing by the company or its management, adding the coal block allocation to the company had been made on merit.The special court, which was set up to hear cases related to the alleged scam, will specify charges against Jindal on May 11, it said in an order seen by Reuters. The Central Bureau of Investigation (CBI), which investigates corruption in India, declined to comment.India's federal police have been investigating suspected collusion between government officials and private companies in under-priced sales of coalfields, which the state auditor said in 2012 might have cost India some $33 billion in lost revenue.In 2014, the Supreme Court of India revoked the allocation of more than 200 coal blocks which were sold by the government.Jindal Steel and Power's stock closed 6.6 percent lower following news of the court order, after falling by as much 10 percent in a Mumbai market that was little changed on Friday.The company, which is looking to sell assets to pare its $7 billion debts, has been in talks to sell a power plant in eastern India to JSW Energy Ltd, run by Naveen's elder brother Sajjan Jindal.  Full Article

More From Around the Web

India's Jindal Steel declares force majeure on Australian mine

MANILA/NEW DELHI India's Jindal Steel and Power suspended operations at its coking coal mine in Australia last month due to heavy rains caused by Cyclone Debbie, forcing it to declare force majeure, its chief executive said on Thursday.