Latest news with #JindalSteelandPower
Time of India
6 days ago
- Business
- Time of India
Jindal Steel and Power renamed as Jindal Steel
Jindal Steel and Power Limited is now officially Jindal Steel Limited, effective July 22, 2025, following government approval. This name change, as per a company filing, signifies a sharper focus on its core steel business and strategic direction. The company will continue operating as a public limited entity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Jindal Steel and Power JSPL ) has been renamed as Jindal Steel Ltd post receiving approval from the government, an exchange filing said on company will continue to operate as a public limited company limited by shares under its new name, Jindal Steel said in the exchange filing. Jindal Steel & Power Limited has officially changed its name to Jindal Steel Limited, effective 22 July 2025, following approval from the Registrar of Companies, Ministry of Corporate Affairs, Government of India," the filing change reflects the company's sharpened focus on its core business in steel and its strategic direction as a dedicated, future-forward steel new name reinforces clarity of identity, both within India and change has been effected in accordance with Rule 29 of the Companies (Incorporation) Rules, are no changes to the Company's Corporate Identification Steel has a presence in steel, mining, and infrastructure sectors . The company is among the top six steel manufacturing entities in India.
Business Standard
16-07-2025
- 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.
&w=3840&q=100)
Business Standard
04-07-2025
- Business
- Business Standard
Jindal Steel bags 50-year mining lease for Roida-I block in Odisha
Jindal Steel on Friday said it has bagged a 50-year mining lease for the Roida-I iron ore and Manganese block located in Keonjhar district of Odisha. The company has secured a letter of intent (LoI) from the Odisha government for the grant of the said mining lease, Jindal Steel said in a statement. Spread across 104.84 hectares, this mineral resource significantly enhances Jindal Steel's raw material security and underscores the company's commitment to integrated and sustainable steel production in India's mineral-rich eastern corridor, the statement added. "This mining lease is a critical enabler for our long-term vision of self-reliant steel production. With the Roida-I block, we are significantly bolstering our iron ore and manganese supply base, which will ensure operational stability, cost efficiency, and support our growth plans," Pankaj Malhan, Executive Director, Jindal Steel, said. The Roida-I Iron Ore and Manganese Block comes with an environmental clearance capacity of 3 Million Tonnes Per Annum (MnTPA) and a mineral deposit of 126.05 Million Tonnes. The LoI from the Odisha government follows Jindal Steel's successful participation in the e-auction held on June 6, 2025, where the company emerged as the Preferred Bidder, in line with the provisions of the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015. The issuance of the LoI is a significant step toward securing long-term iron ore and manganese supplies, critical to Jindal Steel's integrated operations. Jindal Steel, erstwhile Jindal Steel and Power, is one of India's leading business houses, with a significant presence in steel, mining, power and infrastructure. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
04-07-2025
- Business
- Time of India
Jindal Steel bags 50-year mining lease for Roida-I iron, manganese block in Odisha
Jindal Steel on Friday said it has bagged a 50-year mining lease for the Roida-I iron ore and Manganese block located in Keonjhar district of Odisha. The company has secured a letter of intent (LoI) from the Odisha government for the grant of the said mining lease, Jindal Steel said in a statement. Spread across 104.84 hectares, this mineral resource significantly enhances Jindal Steel's raw material security and underscores the company's commitment to integrated and sustainable steel production in India's mineral-rich eastern corridor, the statement added. "This mining lease is a critical enabler for our long-term vision of self-reliant steel production. With the Roida-I block, we are significantly bolstering our iron ore and manganese supply base, which will ensure operational stability, cost efficiency, and support our growth plans," Pankaj Malhan, Executive Director, Jindal Steel, said. The Roida-I Iron Ore and Manganese Block comes with an environmental clearance capacity of 3 Million Tonnes Per Annum (MnTPA) and a mineral deposit of 126.05 Million Tonnes. Live Events The LoI from the Odisha government follows Jindal Steel's successful participation in the e-auction held on June 6, 2025, where the company emerged as the Preferred Bidder, in line with the provisions of the Mines and Minerals (Development and Regulation) Act, 1957, and the Mineral (Auction) Rules, 2015. The issuance of the LoI is a significant step toward securing long-term iron ore and manganese supplies, critical to Jindal Steel's integrated operations. Jindal Steel, erstwhile Jindal Steel and Power, is one of India's leading business houses, with a significant presence in steel, mining, power and infrastructure.
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.
