Jindal Steel & Power Honoured with Dual Greentech Awards for Excellence in Agriculture Promotion and Welfare of Elder Persons
New Delhi [India], June 17: The Jindal Steel & Power (JSP) has been awarded Greentech Awards 2025 in two categories during a ceremony held in New Delhi on 14th June 2025. The Company received top honours as winner in the categories of 'Agriculture Promotion' and 'Welfare of Elder Persons,' underscoring its significant contributions to community empowerment through sustainable agriculture and to compassionate care, and support for senior citizens. This dual recognition, in a pan-India evaluation of performance, highlights the JSP's holistic approach to creating positive societal impact across diverse sectors through its social arm Jindal Foundation.
Congratulating the team, Chairperson of Jindal Foundation Shallu Jindal said, 'We are deeply humbled to receive these two Greentech Awards. This recognition reinforces our commitment to inclusive development. Whether it is enabling farmers with sustainable techniques or creating dignified spaces for the elderly, our work is driven by a deep sense of responsibility and care. I dedicate this award to our dedicated teams and the resilient communities we serve.' She thanked the jury for the dual recognitions.
The Award for Excellence in Agriculture Promotion acknowledges the JSP's innovative and impactful initiatives aimed at fostering sustainable agricultural practices in rural and tribal areas. Under its agriculture promotion programme, the Jindal Foundation has trained over 25,000 farmers in organic cultivation, water-efficient irrigation techniques, use of modern farm equipment and soil health management. These initiatives have led to increased crop productivity and income security while promoting environmental stewardship. Recently, Chairperson of Jindal Foundation Shallu Jindal launched the Mobile Soil Testing Laboratory for Angul Farmers with the objective of giving a leap forward to the natural farming project introduced by the Foundation, as envisioned by Shri Naveen Jinda, Member of Parliament and Chairman of Jindal Steel & Power. Watershed development project and WADI (Orchad) development programme by the Jindal Foundation are acknowledged as its flagship programme, winning laurels in various national platforms.
JSP's initiatives to improve the quality of life for senior citizens are recognised by the Award in the category of 'Welfare of Elder Persons'. Elderly care programs by the Company through Jindal Foundation -- including mobile health clinics, day-care centres, home visits, and mental wellness support -- have touched the lives of thousands of senior citizens, especially in underserved rural areas. These initiatives have helped foster emotional well-being, improve health outcomes, and reduce social isolation among the elderly. Jindal Foundation is collaborating with NGOs for nourishing destitute senior citizens and is coming up with Jindal Apnaghar, a home for healthy ageing .
These two Greentech Awards reinforce the JSP and Jindal Foundation's position as a visionary force in India's social development landscape, blending innovation with inclusion to build resilient communities.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by Jindal Steel & Power Limited. ANI will not be responsible in any way for the content of the same)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
a day ago
- Time of India
IBM does not aim to compete with Nvidia in helping create and train AI systems, but is ..., says Tom McPherson, GM of Power systems, IBM
IBM recently launched its new Power11 line of data center chips and servers, marking a significant leap in power efficiency and the simplification of artificial intelligence (AI) deployment within business operations. Tired of too many ads? go ad free now This update, the first major refresh to its "Power" chip line since 2020, positions IBM to compete more aggressively in the specialized data center market. Traditionally, IBM's Power chips have been a strong contender against offerings from Intel and Advanced Micro Devices (AMD), particularly in demanding sectors such as financial services, manufacturing, and healthcare. Similar to Nvidia's AI servers, IBM's Power systems are an integrated solution, combining both powerful chips and sophisticated software. This tight integration, Tom McPherson, General Manager of Power Systems at IBM, told Reuters, has allowed the company to prioritise unparalleled reliability and robust security. IBM is not competing with Nvidia McPherson clarified that IBM's strategy isn't to directly compete with Nvidia in the realm of creating and training AI systems. Instead, Big Blue is sharply focused on streamlining AI deployment for inference – the crucial process of putting an AI system to work to accelerate business tasks. "We can integrate AI capabilities seamlessly into this for inference acceleration and help their business process improvements," McPherson reportedly said in an interview, referring to work with early customers. He, as per the Reuters report, added, "It's not going to have all the horsepower for training or anything, but it's going to have really good inferencing capabilities that are simple to integrate." A key highlight of the new Power11 systems, which will be available starting July 25, is their exceptional uptime. Tired of too many ads? go ad free now IBM claims these systems will require no planned downtime for software updates, and their average unplanned downtime each year will be a mere 30 seconds. Furthermore, the Power11 systems are engineered to detect and respond to a ransomware attack within a minute, offering a critical defense against increasingly sophisticated cyber threats. Looking ahead, IBM plans to integrate the Power11 with Spyre, its AI chip introduced last year, in the fourth quarter of 2025. "We can integrate AI capabilities seamlessly into this for inference acceleration and help their business process improvements," McPherson stated in a recent interview, referencing collaborations with early customers. He emphasized the system's ability to deliver "really good inferencing capabilities that are simple to integrate," even if it doesn't boast the same horsepower as training-focused systems. This strategic focus on simplifying AI for practical business applications could prove to be a significant advantage for IBM in the evolving data center landscape.
Hans India
2 days ago
- Hans India
IBCN 2025: Celebrating the Chettiar Legacy, Powering Youthful Enterprise
Bengaluru: The International Business Conference of Nagarathars (IBCN), the biennial global gathering of the Chettiar business community, returns this year with a renewed focus on youth, innovation, and inclusive leadership. Scheduled over three days from July 11–13 at the Manyata Hilton, Bengaluru, the 6th edition of IBCN is expected to host over 600 delegates. Organised by the Nagarathar International Foundation, the 2025 edition is themed 'Enhancing Nagarathar Businesses Through Technology' and aims to honour the storied legacy of the Chettiars, known for their entrepreneurial acumen and philanthropy, while igniting the spirit of innovation in a new generation of community leaders. The inaugural session on July 12 will be led by three cabinet ministers: Shri S. Regupathy, Tamil Nadu Minister of Law, Courts, Prisons and Mines; Shri K. R. Periyakaruppan, Tamil Nadu Minister for Co-operatives and Shri Dinesh Gundu Rao, Karnataka Minister for Health and Family Welfare. A highlight of the conference will be the address by Dr. V. Anantha Nageswaran, Chief Economic Advisor, Government of India, who will speak on 'Capital Sphere' on July 12 afternoon. The conference features a dynamic range of sessions, including keynotes by Mr. D. Shivakumar, former CEO of PepsiCo and Nokia India, on 'Global & Indian Business Horizons' at noon on July 12 and Harish Bhat, former Brand Custodian of Tata Sons on 'Building a Nation, Shaping a Brand: The Tata Sons Journey' at 2 pm on July 13. The conference will conclude with a valedictory address on Sunday, July 13 by Shri Priyank M. Kharge, Karnataka Minister for IT & Rural Development and a keynote by Rajiv Srivatsa, Co-founder of Urban Ladder. Day one evening, July 11, will feature a special address by Film Director and Actor KS Ravikumar and - Music mosaic with Chinmayi. 'This conference is a bridge between our rich mercantile past and a future powered by knowledge, creativity, and youthful aspiration,' said M. Ramanathan, Organising Secretary, IBCN 2025. 'IBCN is a unique platform where seasoned industrialists and ambitious youth come together to chart a new growth narrative for the community,' added Dr Ravi Veerappan, Chairman IBCN 2025. A session on GenNext Business Leaders will feature Shri Karti Chidambaram, Member of Parliament, alongside Hari Thiagarajan (MD, Thiagarajar Mills) and Swathy Rohit (Founder & CEO, Health Basix) to be moderated by Chocko Valliappa, CEO, Vee Technologies. One of the signature features is the Youth Enterprise Track, with dedicated innovation labs, mentoring circles, and pitch sessions for Chettiar start-ups. The conference will also host multiple stream sessions in areas such as Seven streams include Edutech, IT and Electronics, Aspiring Entrepreneurs, Nagarathar Enterprises, Pharma and Healthcare, Finance and Fintech, and Real Estate and Construction with over 75 speakers including accomplished Nagarathars.
Indian Express
2 days ago
- Indian Express
Tata Steel rallied 484% in 5 years: Does the stock have more upside?
'The finest steel must go through the hottest fire.' This quote by Richard Nixon aptly describes the resilience of India's leading steelmakers, including Tata Steel. Despite navigating intense challenges — from costly acquisitions and legacy issues in the UK to a shrinking global market — Tata Steel has emerged as India's most robust integrated steel company. The last five years have been one of the best upcycles for the top three steel players. After bottoming out in the April 2020 pandemic crash, Tata Steel, JSW Steel, and Jindal Steel & Power Ltd. (JSPL) share prices surged 484%, 588%, and 931%, respectively. The Nifty Metal Index surged 525% during this time. This rally is one of the longest cyclical uptrends for steel stocks since the 2003-2008 period, when the three stocks surged almost 1,000%. Investors who felt the heat of the 2008 financial crisis are reluctant to buy steel stocks near their peaks. While it took Tata Steel more than 12 years to cross its 2008 peak, Steel Authority of India (SAIL) is still trading below the 2008 levels. The question now is: Is the cyclical uptrend sustainable? What factors should investors look for when investing in steel stocks? Steel's strength, durability, and heat resistance make it essential for construction, infrastructure, railways, automotive, and industrial equipment. Robust growth in these sectors lifts steel demand. Favourable tailwinds — lower interest rates, higher infrastructure spending, rising incomes, and supportive government policies — have all boosted India's steel consumption and incentivised capacity expansions. Helping these sectors are reduced interest rates, rising investment in infrastructure, increasing income of consumers, government investment, and supporting policies to boost domestic manufacturing. All of these boost production and encourage companies to expand, driving steel demand. India is the world's second-largest steel producer after China, but the production gap remains vast. China is also the largest consumer of steel. As a result, any significant shift in China's demand or supply directly affects global prices. For instance, China's real estate market collapse in 2021 led to a prolonged downturn in the steel sector, pushing the country to offload surplus steel into global markets. Such dumping typically triggers tariffs or safeguard duties from importing nations to safeguard domestic industries. A safeguard duty is more attractive than an anti-dumping duty as it also applies to Free Trade Agreement countries, which accounted for 51% of India's steel imports in calendar 2024. Some positive global macro trends are emerging for Indian steelmakers in 2025. China's policies to boost domestic consumption: In a bid to reduce emissions, the Chinese government asked Tangshan city, which produces around 140 million tonnes of crude steel annually, to curb production by 30% between July 4 and 15, according to Morgan Stanley's July 2 report. The China Iron and Steel Association has also suggested that the government restrict billet exports. The government has also introduced stimulus measures to revive production and drive domestic demand for metals. These events will reduce the export of China's excess steel, reducing price competition for Indian steelmakers. Geopolitical conflicts: A conducive trade environment improves steel demand by boosting factory production while making it easy to procure iron ore and coal. However, geopolitical conflicts have disrupted the global supply chain, with many countries increasing safeguards. Moreover, the US tariff uncertainty has caused volatility in global markets. The surplus steel is finding its way into India, posing a threat to Indian steelmakers. Tariff talks between the US and other countries have increased hopes of easing the tariff burden and finding a more sustainable solution. India's safeguard duties: To counter this, India has imposed a 12% safeguard duty on Chinese steel imports for 200 days. The duty will allow domestic companies to increase steel prices by around Rs 2,000-2,500 per tonne, as import price increases by approximately Rs 4,000 per tonne, according to Nomura analyst Jashandeep Singh Chadha. A higher price could increase the three Indian steelmakers' earnings before interest, taxes, depreciation, and amortisation (EBITDA) per tonne. However, Tata Steel and JSPL have asked for a 25% safeguard duty as China continues to export about 100 million tonnes (mt) of steel. Amid geopolitical uncertainty, domestic steel demand remains strong, and the availability of raw materials is robust. This has helped Indian steelmakers thrive during a period (2020-2024) when average global steel production was stagnant. In FY25, India's crude steel output increased by 4.7% and consumption by 10.2%, driven by construction, urbanisation, and industrial growth supported by government initiatives like the National Manufacturing Mission, the Smart Cities Mission, and Production Linked Incentives. In FY26, India is poised to lead global steel consumption. The National Steel Policy envisages per capita steel consumption to grow from 98kgs in 2025 to 160 kgs by 2030. Indian steelmakers are tapping the growing domestic demand by rapidly expanding capacity. JSW Steel has committed Rs 62,000 crore capital expenditure over the next three years to increase its capacity from 34.2 million tonne per annum (mtpa) to 42 mtpa by September 2027 and 50 mtpa by FY31. Tata Steel has also committed 75% of its Rs 15,000 crore capex for capacity expansion in India in FY26. Tata Steel has an integrated business model. Its operations span from captive iron ore and coal mining to finished steel products, which helps it tightly control costs and improve production efficiency. It is involved in the upstream operations of producing crude steel and the downstream operations of using that steel to produce various grades of steel products for different applications. In the upstream operations, Tata Steel commissioned a coke plant at Kalinganagar in January 2025, reducing its raw materials costs by 9.4% year-over-year and ensuring a low-cost supply. It is eyeing further investment in mining assets to boost capacity. In the downstream operations, the company is innovating to transform semi-finished steel products into finished goods for various applications. It already has a strong presence in automotive and special steels, industrial products, and branded retail products. It has forayed into commercial shipbuilding by supplying grades to Mazagon Dock Shipbuilders, Garden Reach Shipbuilders, and Cochin Shipyard, said T V Narendran, CEO and MD, Tata Steel, at the Q4FDY25 earnings call. In FY25, Tata Steel commissioned the 5 mtpa unit at Kalinganagar and operated all its Indian steel mills at full capacity, achieving a record crude steel production of 21.7 mt and deliveries at 20.9 mt. It turned around its acquired entity, Neelachal Ispat Nigam Limited, delivering Rs 1,000 crore in EBITDA. FY26 could be a landmark year for Tata Steel as Tata Sons Chairman N Chandrasekaran has set a new goal to turn its UK operations EBITDA positive. Tata Steel UK's (TSUK) 2007 Corus acquisition became a persistent drag as the 2008 global financial crisis altered the world for steelmakers. Despite aggressive turnaround strategies, legacy costs, the UK's shrinking steel industry, oversupply from cheap Chinese steel imports, raw material challenges, and poor employee productivity forced the company to consider divestment in 2016 and 2022. After years of reporting exceptional losses, Tata Steel officially put off the fire at its UK blast furnace in September 2024, which has been burning more cash than coal. This will reduce Tata Steel's fixed costs going forward. From FY26 onwards, TSUK's business model will be downsized from integrated steelmaking to a downstream-only processing-based model. It will produce steel products from steel substrate imported largely from India. It plans to reduce costs by another €500 million in FY26 by maximising volume, optimising product-mix, enhancing maintenance practices, and boosting employee productivity. Its long-term goal is to sustain the low cost. Tata Steel is replacing a coal-powered blast furnace in the Netherlands with an Electric Arc Furnace (EAF). The EAF will use recycled scrap and have an annual capacity to produce 3.2 million tonnes of low-emission steel once fully operational by 2027. This, and India's expansion projects, have increased Tata Steel's capex and debt. Is the Tata Steel stock a buy near its 52-week high? Speaking at the 186th anniversary celebration of Tata Steel founder JN Tata in Jamshedpur on March 3, N Chandrasekaran said Tata Steel is dealing with the global geopolitical situation by maintaining efficiency, managing cost, and increasing productivity. It is on track to achieve its twin goals of growth in India and transformation in Europe. With the high fixed cost of the UK operations now behind it, the company is left with a net debt of Rs 82,579 crore. It aims to reduce this debt through internal accruals and external funding. It has a debt-to-equity ratio of 1.04, lower than JSW Steel's 1.24x but higher than Jindal Steel & Power's 0.39x. Tata Steel is also focusing on cost optimisation and aims to reduce its cost by Rs 11,500 crore in FY26 to improve competitiveness. Tata Steel's Cost and Efficiency Program FY26 Target ICICI Securities has a Buy rating on Tata Steel with a target price of Rs 200, a 23% upside from the current market price of Rs 162. It is bullish on the company's strategic capacity expansion in India and cost optimisation of its Indian and European operations. Global brokerages JP Morgan and Morgan Stanley are bullish on Tata Steel UK operations turning profitable. However, the market has already priced in expectations of positive EBITDA from the UK operations. The right metric to value steel stocks is to look at Enterprise Value (EV)/EBITDA. The EV/EBITDA multiple tells us how efficiently a company is using its debt, equity, and cash to earn EBITDA. Tata Steel is trading at an EV/EBITDA multiple of 10.74x, lower than JSW Steel's 14.56x and Jindal Steel & Power's 11.53x, hinting at a better operational efficiency than its peers. If you are bullish on steel stocks, Tata Steel could be a good addition to your portfolio. Note: We have relied on data from throughout this article. Only in cases where the data was not available, have we used an alternate, but widely used and accepted source of information. Puja Tayal is a financial writer with over 17 years of experience in the field of fundamental research. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
