JSPL MD

Sabyasachi Bandyopadhyay, Wholetime Director, will be assuming the responsibilities of Managing Director, for the time-being, the company said. "Bimlendra Jha, Managing Director, has resigned citing personal reasons, with effect from January 31, 202...

Jindal Steel Power Ltd (JSPL) has entered into a memorandum of understanding (MoU) with Rashtriya Ispat Nigam Ltd (RINL) for the operationalisation of RINL's blast furnace-3 (BF-3). This partnership will supply liquid steel to JSPL's upcoming hot st...

According to Chakri Lokapriya, CIO & MD of TCG AMC, investing in TCS, oil marketing companies, and the metal sector at their current levels is not recommended. He believes that TCS's numbers reflect a slowdown in the industry and investing in the st...

JSPL, the steel company, is focused on expansion and doubling the capacity of its plants in Odisha and Raigarh. The company plans to fund this expansion through internal accruals, as it has a low debt level. JSPL has stated that its debt will not ex...

Indian metal stocks suffered a drop of nearly 15% in CY23, making it the second-worst performer after the Nifty Media. Despite many analysts and brokerage firms highlighting that the drop provided an excellent buying opportunity, there was enough ne...

"JSPL has received BIS certification to manufacture India's first fire-resistant steel structures at its rail mill in Chhattisgarh. The BIS 15103 grade steel structural steels are designed to withstand temperatures up to 600 degrees celsius for 3 ho...

"A significant 33 per cent increase in capital expenditure to Rs 10 lakh crore -- 3.3 per cent of the GDP -- thrust to fast-track infrastructure development, and the highest ever Rs 2.40 lakh crore for railways will translate into robust domestic st...

The 1,050 megawatts (MW) under-construction coal-based power project is located near JSPL's steel plant in Angul, Odisha. "We will invest fresh investment of up to Rs 1,500 crore to make the plant operational. The amount will be invested over the pe...

India produced 113.43 million tonne of crude steel in January-November 2022, which is 10 per cent higher compared to the year-ago period. The government aims to double the country's annual crude steel making capacity to 300 MT from 150 MT at present.

Jindal Steel and Power Limited (JSPL) Managing Director Bimlendra Jha on Sunday said the company will spend Rs 7,930 crore under the PLI scheme for specialty steel. The amount will be used to manufacture eight types of high-end alloy in India. The c...

Steel companies faced distress in the July-September quarter of the ongoing financial year due to various factors, including high input costs, JSPL Managing Director Bimlendra Jha told PTI in a telephonic interaction.

There are various other factors building pressure on steel makers, Sharma said, adding there are issues with the availability of coal. Rakes are also not available for the supply of coal as most of them have been diverted for power sector. Steel pla...

“The EBITDA per ton will definitely be maintained because of the input costs. The iron ore prices have come down, coking coal prices have come down, some of the other consumables prices have come down and all this will definitely add to overall EBIT...

“Steel exports from India will increase because this is a good market today as far as the spot market is concerned. The opportunity for the Indian steel industry lies in exporting more and more to the European Union and also the Middle East and Nort...

"We are very serious about this asset. For us, the chances are also better, I think ... Though the highest bidder will get the chance, I think we can turn around the asset faster," JSPL managing director VR Sharma said during an interaction with ET.

“We are not expecting any more price increase in this particular month or in the next 15-20 days. We are expecting input costs to come down.”

Coal can be converted into syngas which can be used for producing power, petrol, diesel and other petroleum products, which can reduce dependence on crude oil imports, he explained. Syngas can be also used in sponge iron making, by the glass and cer...

​​​All steel mills whether it is JSPL or JSW or SAIL or Tata Steel or Arcelor Mittal, everybody is very bullish, everybody wants to invest in the country.

The company had produced 1.67 MT of steel in same of period of financial year 2020-21, JSPL said in a statement.