Jindal Steel and Power (JSPL) is reportedly aiming to achieve growth of 150% in its steel business in Uttar Pradesh (UP) over the next three years. Against the current sales of about 0.2 million tonne (mt) of steel and steel products in the state, the company is targeting 0.5 mt by 2018.
Besides, the company is looking at opening more warehouses and steel processing units in the state to cater to the growing needs of the market. The company launched its new brand of Thermo Mechanically Treated (TMT) rebars ‘Jindal Panther’ in the UP state. TMT rebars are used to provide strength and durability to constructions.
Jindal Steel & Power 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.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1253.20 |
| Lloyds Metals&Energy | 1698.30 |
| Jai Balaji Inds | 71.47 |
| Steel Exchange India | 10.55 |
| Rajputana Stainless | 131.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: