Jindal Steel has received a significant boost in its capabilities to serve the defence sector. The Defence Research and Development Organisation (DRDO) has transferred three advanced material technologies to JSPL, enabling the company to produce DMR-1700 steel sheets and plates for defence applications.

Technology Transfer Details

The technology transfer agreement between DRDO and JSPL marks a crucial step in enhancing India's domestic defence manufacturing capabilities. This collaboration will allow JSPL to manufacture specialized steel products that meet the stringent requirements of the defence sector.

Implications for JSPL

This development is expected to have several positive implications for JSPL:

1. Expanded Product Portfolio: The ability to produce DMR-1700 steel sheets and plates adds a high-value product to JSPL's offerings.
2. Entry into Defence Sector: This technology transfer positions JSPL as a key player in the supply chain for defence materials.
3. Potential Revenue Growth: As JSPL enters the specialized defence materials market, it may lead to new revenue streams for the company.

Recent Corporate Actions

While not directly related to the DRDO technology transfer, it's worth noting that JSPL has seen some recent changes in its shareholding pattern. According to the latest LODR (Listing Obligations and Disclosure Requirements) data:

• Jindal Power Limited, a promoter group entity, acquired 88,124 equity shares of Jindal Steel Limited.
• This acquisition increased Jindal Power Limited's shareholding from 1.17% to 1.18% of the total share capital.

Conclusion

The technology transfer from DRDO to JSPL represents a significant opportunity for the company to contribute to India's defence manufacturing capabilities. As JSPL moves forward with the production of DMR-1700 steel, investors and industry observers will be keen to see how this new capability translates into business growth and strategic positioning in the defence sector supply chain.

Jindal Steel , a major player in the Indian steel industry, has seen an increase in shareholding by Jindal Power Limited, a prominent member of its promoter group. The move underscores the promoter's confidence in the company's prospects and its commitment to strengthening its position within the group.

Key Highlights of the Acquisition

• Transaction Date: August 29, 2025
• Shares Acquired: 88,124 equity shares
• Mode of Acquisition: Open market purchase
• Pre-acquisition Holding: 1.17% (1,19,57,703 shares)
• Post-acquisition Holding: 1.18% (1,20,45,827 shares)
• Increase in Shareholding: 0.01%

Impact on Shareholding Structure

The acquisition has resulted in a marginal increase in Jindal Power's stake in Jindal Steel. While the change in percentage terms is small, it represents a continued investment in the company by its promoter group.

Company Overview

Jindal Steel, formerly known as Jindal Steel & Power Limited, is a major player in the Indian steel industry. As of the latest filing, Jindal Steel's total equity share capital stands at 1,02,00,88,097 shares, which remains unchanged after this transaction.

Regulatory Compliance

In compliance with SEBI regulations, Jindal Power Limited has duly disclosed this acquisition under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made on September 02, 2025, demonstrating the company's commitment to transparency and regulatory adherence.

Market Implications

While the increase in shareholding is relatively small, such moves by promoter group entities are often viewed positively by the market. It may be interpreted as a sign of confidence in the company's future prospects and could potentially influence investor sentiment.

As the steel sector continues to play a crucial role in India's infrastructure and economic growth, developments in companies like Jindal Steel are closely watched by industry observers and investors alike. The ongoing support from its promoter group, as evidenced by this acquisition, may be seen as a positive indicator for the company's strategic direction and long-term outlook.