2022-11-16 India’s JISPL resumes blast furnace operations after maintenance
Nov. 16, 2022 - India’s Jindal Ispat Special Products Limited (JISPL), a JSW Steel Limited group company, has restarted operations at the blast furnace at its mill in the central state of Chhattisgarh after maintenance, a company statement said on Wednesday, November 16. It said that the steel melt sho...
2022-07-22 India’s JISPL extends maintenance shutdown of Raigarh steel mill
Jul. 22, 2022 - India’s Jindal Ispat Special Products Limited (JISPL), a subsidiary of Jindal Steel Limited, has extended the maintenance shutdown of its plant at Raigarh in Chhattisgarh state, sources said on Friday, July 22. According to the sources, the company had brought forward the maintenance sh...
2022-02-24 Jindal Steel & Power keen on RINL, NMDC's Nagarnar iron and steel plant
Feb. 22, 2022 - Having lost out in the race for Neelachal Ispat Nigam Ltd (NINL) – an asset owned by central and state public sector undertakings (PSUs) – Naveen Jindal-owned Jindal Steel & Power (JSPL) has eyes set on state-run Rashtriya Ispat Nigam Ltd and NMDC Iron and Steel Plant (Nagarnar). End-January...
2021-08-26 Jindal Steel plans $2.4-billion spend in six years, double output
Aug. 25, 2021 - Jindal Steel & Power Ltd. plans to spend $2.4 billion over the next six years to ramp up capacity, joining its peers in announcing massive expansions as a recovery from the pandemic boosts demand. The steelmaker plans to raise total crude steel capacity to 15.9 million ton...
2021-05-13 Jindal Steel opens capex window amid continued deleveraging plans
May 13, 2021 - Having reduced its debt considerably over the last few quarters, Naveen Jindal-led Jindal Steel & Power (JSPL) plans to deploy its cash generated for doubling of capex—an option it had shut itself to on account of strong deleveraging focus. “With company’s consolidated net debt having come d...
2021-03-16 JSPL reports 18% YoY growth in steel production in Feb.
Mar. 16, 2021 - Jindal Steel and Power Ltd has reported 0.653 million tonne steel production during February 2021 up by 18% YoY from 0.554 million tonnes in February 2020. JSPL also reported 14% YoY growth in shipments at 0.545 million tonnes in February 2021 as compared to 0.48 million tonnes in February 2020. Expor...
2020-11-02 Jindal Stainless Q2 results: Net profit rises 103% to Rs 81 crore
Nov. 1, 2020 - Jindal Stainless Ltd has reported a consolidated net profit of Rs 80.60 crore during the second quarter of FY 21, 103% higher than the profit of Rs 39.52 crore reported during the same quarter last year, on the back of of better sales realisations and an exceptional gain of Rs 25 crore on acc...
2018-03-31 JSPL expect to make over 7 million tonnes of steel in FY19
Mar. 31, 2018 - Mr Naushad A Ansari of JSPL discusses how it plans to work towards increasing its production to optimum realisation. He told “Angul capacity today is 5 million tonnes of steel making. Blast furnace is only one of the inputs which goes into making the steel, the other being the DRI. Hence, out of 5...
2017-12-27 Jindal Steel and Power's BOF starts production in Angul plant
Dec. 27, 2017 - PTI reported that Jindal Steel and Power Ltd (JSPL) said that its production capacity has reached 11.6 million tonnes per annum after the completion of a 3 MTPA basic oxygen furnace at the company's Angul steel plant in Odisha. The basic oxygen furnace, a 250 tonne ladle furnace, is capable of producing...
2017-12-19 Jindal Steel and Power Ltd appoints Deepak Sogani as CFO
Dec. 19, 2017 - Private steel maker Jindal Steel and Power Ltd (JSPL) today said Deepak Sogani has been appointed as its chief financial officer. "Deepak Sogani has been appointed as CFO and KMP (key managerial personnel) of the compa...
2017-09-29 Naveen Jindal likely to take over as MD after Ravi Uppal's exit
Sep. 29, 2017 - With the completion of Ravi Uppal’s tenure as managing director and group chief executive officer (CEO) of Jindal Steel & Power, Chairman Naveen Jindal is expected to take over the role of managing director himself. An announcement is likely to be made on September 30 — Uppal’s last day in J...
2017-08-11 JSPL’s Q1 Loss Narrows More Than Estimated
Aug. 11, 2017 - Jindal Steel & Power Ltd. saw its losses narrow in the April-June quarter more than analyst estimates as margins expanded. The steel manufacturer reported a net loss of Rs 420 crore in the first quarter of financial year 2017-18, compared to Rs 1,238 crore figures in the corresponding quarter...
2017-06-05 JSPL commissions Odisha's biggest integrated steel plant
Jun. 5, 2017 - The JSPL-owned biggest integrated steel plant of Odisha was made operational with the commissioning of the country’s largest blast furnace on May 27, 2017. Inaugurating the state of the art six mtpa steel plant of JSPL, Odisha Chief Minister Naveen Patnaik said “as India loo...
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