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JSPL gains on inaugurating 810 MW captive power plant

07 May 2014 Evaluate

JSPL is currently trading at Rs. 245.00, up by 1.20 points or 0.49% from its previous closing of Rs. 243.80 on the BSE.

The scrip opened at Rs. 244.00 and has touched a high and low of Rs. 246.25 and Rs. 241.55 respectively. So far 1,06,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 338.40 on 08-May-2013 and a 52 week low of Rs. 181.55 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 256.90 and Rs. 237.30 respectively. The current market cap of the company is Rs. 22,978.00 crore.

The promoters holding in the company stood at 60.41% while Institutions and Non-Institutions held 26.45% and 13.14% respectively.

Jindal Steel & Power (JSPL) has inaugurated its 810 MW captive power plant for the upcoming 6-million-tonne a year steel project at Angul in Odisha. The company will soon start producing sponge iron, using synthesis gas from the coal gassifier. The JSPL project is designed to produce steel through coal gasification (CGP-DRI) route.

JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.

 

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