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.