Latest news with #JindalSteel&Power
Business Standard
2 hours ago
- Business
- Business Standard
Jindal Steel & Power CFO Mayank Gupta resigns
Jindal Steel & Power (JSPL) announced that its chief financial officer, Mayank Gupta, has stepped down from his role, effective post business hours on 15 July 2025. In a regulatory filing, the company stated that Gupta is no longer in the services of the company as of the close of business on Tuesday. The resignation was attributed to personal commitments, according to the statement submitted by Gupta. The official announcement was made on 15 July 2025, after market hours. Jindal Steel and Power is the flagship company of Jindal Group, an industrial powerhouse which has a strong presence in the steel, power, mining, and infrastructure sectors globally. On a consolidated basis, Jindal Steel & Power reported a net loss of Rs 339.40 crore in Q4 March 2025 as against a net profit of Rs 935.37 crore in Q4 March 2024. Net sales declined 2.25% YoY to Rs 13183.13 crore in Q4 March 2025. The scrip shed 0.47% to Rs 939.55 on the BSE.
Hans India
03-07-2025
- General
- Hans India
Jindal Foundation continues to serve devotees during Rath Yatra
Bhubaneswar: For the 11th year in a row, Jindal Foundation, the social arm of Jindal Steel & Power, has continued to serve devotees of Rath Yatra in Puri, demonstrating its compassion and dedication to community service. This year, the Foundation has served over 10 lakh freshly cooked and nutritious meals during the grand festival. The services will continue until the auspicious day of Suna Besha, aiming to provide more than 20 lakh meals. To serve the devotees, the Foundation has set up two massive food distribution stalls – near the Puri railway station and the bus stand near the Gundicha temple – strategically located to reach maximum number of people. The traditional Odia meal of rice, dalma (a lentil-based dish) and khata (a sweet and sour chutney) was chosen for its nutritional value and its cultural significance, providing a taste of local hospitality to the devotees. The Foundation has ensured that all meals are hygienically prepared and served with humility, aligning with the spiritual sanctity of the event. The stall at the bus stand was inaugurated by Puri MP Sambit Patra. Shallu Jindal, Chairperson, Jindal Foundation, said, 'For the last 11 years, our efforts have been to ensure that no devotee goes hungry while seeking the blessings of Lord Jagannath during Rath Yatra. We are humbled by the blessings and the opportunity to contribute to this grand spiritual occasion of India.'
Business Standard
30-06-2025
- Business
- Business Standard
Jindal Steel commissions first galvanizing line at Angul Complex
Jindal Steel has successfully commissioned its first continuous galvanising line (CGL 1) at its Angul Integrated Steel Complex in Odisha. The company stated that the commissioning of this line would mark a significant expansion in its coated steel product offerings. The new line will produce galvanised and galvalume products under the Jindal Panther Galvanised and ZINKALUME brands, catering to various industries including appliances, automotive, infrastructure, and construction. CGL 1 can process steel thicknesses ranging from 0.15 mm to 1.50 mm and widths from 700 mm to 1400 mm. This advanced setup ensures high precision and consistent quality for a variety of applications. The line also offers thinner HR galvanised coils (1.001.50 mm) for the tube industry, silos, tank farms, and pre-engineered buildings, as well as high-strength galvanised steel for automotive underbody components. Jindal Steel further said that it would add another 6 MTPA crude steel capacity at the Angul plant this year, taking the total capacity to 12 MTPA by the end of 2025. Jindal Steel and Power offers a product portfolio that caters to markets across the entire steel value chain. On a consolidated basis, Jindal Steel & Power reported net loss of Rs 339.40 crore in Q4 March 2025 as against net profit of Rs 935.37 crore in Q4 March 2024. Net sales declined 2.25% YoY to Rs 13183.13 crore in Q4 March 2025. The scrip shed 0.03% to currently trade at Rs 939 on the BSE.
Business Standard
24-06-2025
- Business
- Business Standard
Jindal Steel gains after broker maintains buy rating
Jindal Steel & Power surged 2.08% to Rs 930.25 after a domestic brokerage reiterated its 'Buy' call with a target price of Rs 1,193, citing a robust earnings outlook over the next two years. The brokerage expects JSPL's EBITDA to nearly double by FY27, driven by improved operating leverage, a better product mix, lower production costs, and relatively stable steel prices. It also projects a sharp rebound in volume growth. After a tepid 1% CAGR over FY2225, volumes are expected to grow at 19% annually through FY27, supported by ongoing capacity expansions. JSPL is set to begin hot metal production from its 4.6 mtpa blast furnace in early Q2FY26, while a 3 mtpa basic oxygen furnace is also scheduled for commissioning by the end of that quarter. This ramp-up is expected to boost FY26 steel output and sales to 9 mt, marking a 12.5% year-on-year increase. Jindal Steel and Power offers a product portfolio that caters to markets across the entire steel value chain. On a consolidated basis, Jindal Steel & Power reported net loss of Rs 339.40 crore in Q4 March 2025 as against net profit of Rs 935.37 crore in Q4 March 2024. Net sales declined 2.25% YoY to Rs 13183.13 crore in Q4 March 2025.
India Gazette
17-06-2025
- Business
- India Gazette
Jindal Steel & Power Honoured with Dual Greentech Awards for Excellence in Agriculture Promotion and Welfare of Elder Persons
Jindal Steel & Power Limited 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)
