Jindal Steel Unveils Ambitious Production Targets and Project Timelines
Jindal Steel & Power Limited (JSPL) has announced its production targets for FY '26, aiming for 9.00-10.00 million tonnes of crude steel production and 8.50-9.00 million tonnes in sales volumes. The company outlined a phased approach to project implementation, with near-term projects expected to yield benefits from FY '26 and medium-term projects from FY '27 and '28. JSPL aims to exceed previous guidance and optimize its product portfolio. The company has made the earnings call audio recording available on its website in compliance with SEBI regulations.
02May 25
Jindal Steel & Power Reports Q4 Net Loss, Recommends Dividend Despite Challenging Quarter
Jindal Steel & Power Ltd (JSPL) reported a consolidated net loss of ₹339.00 crore in Q4 FY2025, compared to a profit of ₹935.00 crore in Q4 FY2024. Revenue decreased by 2.25% to ₹13,180.00 crore, while EBITDA fell by 55.47% to ₹1,104.00 crore. An exceptional loss of ₹1,229.00 crore significantly impacted the quarterly results. Despite the quarterly loss, JSPL's board recommended a dividend of ₹2.00 per equity share. For the full fiscal year 2024, the company reported revenue of ₹50,354.00 crore and a net profit of ₹5,943.00 crore.
30Apr 25
Jindal Steel & Power Reports Q4 FY23 Loss of Rs 339.4 Crore, Recommends Dividend Amid Challenging Market Conditions
Jindal Steel & Power (JSP) reported a consolidated net loss of Rs 339.40 crore for Q4 FY23, compared to a profit of Rs 935.40 crore in Q4 FY22. Revenue decreased by 2.3% to Rs 13,183.10 crore. The loss was primarily due to exceptional charges of Rs 1,229.50 crore, including impairment provisions for overseas mining assets. Despite the quarterly loss, the Board recommended a dividend of Rs 2.00 per equity share for FY 2022-23.
29Apr 25
Jindal Steel And Power Sets Q4 Results Date, Considers Final Dividend
Jindal Steel & Power Ltd. (JSPL) has set April 30, 2025, for the announcement of its Q4 and FY25 financial results. The board will also consider recommending a final dividend on the same day. An earnings call is scheduled for May 1, 2025, to discuss the results. The company has closed the trading window for insiders until 48 hours after the results declaration.
Jindal Steel and Power Expands Portfolio with Rs 217.53 Crore Acquisition of Allied Strips
Jindal Steel and Power Limited (JSPL) has acquired Allied Strips for Rs 217.53 crore. This strategic move is expected to expand JSPL's operational capacity, enhance its market presence, and create potential synergies and efficiencies. The acquisition reflects ongoing consolidation trends in the Indian steel industry and demonstrates JSPL's growth ambitions.
28Mar 25
Jindal Steel & Power Secures Strategic Coal Block in Successful Bid
Jindal Steel & Power (JSP) has won the bid for the Saradhapur Jalatap East Coal Block with a 10% revenue sharing agreement. The partially explored block has 3,257.00 million tonnes of geological resources and is located 11 km from JSP's Angul Steel plant. This acquisition is part of JSP's backward integration strategy, aimed at ensuring a stable raw material supply, reducing market volatility risks, and improving operational efficiency. The move aligns with India's 'Aatmanirbhar Bharat' initiative, potentially strengthening JSP's market position.
27Mar 25
Jindal Steel & Power Secures Saradhapur Jalatap East Coal Block with 10% Revenue Sharing Bid
Jindal Steel & Power (JSP) has won the bid for the Saradhapur Jalatap East Coal Block with a 10% revenue sharing agreement. The block, located 11 km from JSP's Angul Steel plant in Odisha, has estimated geological resources of 3,257.00 million tonnes. This acquisition, made through the Round-11 Commercial coal block auction, aims to ensure consistent raw material supply, mitigate supply chain risks, and enhance operational efficiency for JSP's steel production. The move aligns with India's 'Aatmanirbhar Bharat' initiative, potentially reducing dependence on imported coal.
27Feb 25
Jindal Steel Ups the Ante: Raises Bid for Italian Steelmaker to €4 Billion
Jindal Steel & Power Ltd (JSPL) has increased its offer to €4 billion (₹36,000 crore) for an unnamed Italian steelmaker, signaling aggressive international expansion plans. This move aims to establish JSPL's presence in the European steel market, potentially providing access to new customers, advanced technologies, and product diversification opportunities. The acquisition, if successful, could be transformative for JSPL but faces challenges including regulatory approvals and integration complexities.
20Feb 25
Jindal Power Boosts Stake in Jindal Steel and Power Ltd, Stock Climbs
Jindal Steel and Power Ltd (JSPL) stock reached an intraday high of ₹873.70 on February 17, 2025, following news that promoter entity Jindal Power Limited (JPL) acquired 3,76,579 shares through open market transactions. This acquisition increased JPL's stake in JSPL from 0.913% to 0.95% of the total share capital. The promoter group's continued investment in JSPL, including significant holdings by entities like OPJ Trading Private Limited (18.47%) and Opelina Sustainable Services Private Limited (14.42%), has been viewed positively by the market.