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Jindal Stainless strengthens as its Odisha unit commissions metal recovery plant

28 Apr 2015 Evaluate

Jindal Stainless is currently trading at Rs. 37.70, up by 1.55 points or 4.29% from its previous closing of Rs. 36.15 on the BSE.

The scrip opened at Rs. 36.20 and has touched a high and low of Rs. 37.75 and Rs. 36.20 respectively. So far 43491 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 64.40 on 02-Jul-2014 and a 52 week low of Rs. 28.50 on 16-Dec-2014.

Last one week high and low of the scrip stood at Rs. 39.20 and Rs. 35.65 respectively. The current market cap of the company is Rs. 854.57 crore.

The promoters holding in the company stood at 48.49 % while Institutions and Non-Institutions held 25.86 % and 17.87 % respectively.

Jindal Stainless’ (JSL) 0.8 million tonne per annum (mtpa) scrap-based stainless steel unit at Jajpur in Odisha has commissioned a metal recovery plant in association with Harsco Corporation of US. This plant is a part of multi-year contract between JSL and Harsco. The plant will recover stainless steel from slug.

The company will buy the recovered metal -- estimated to be 5,000 to 6,000 tonnes a year -- from Harsco. The company imports stainless steel scrap for the Odisha unit. It also has a coke making unit of 0.8 mtpa capacity at Jajpur.

Jindal Stainless , a part of the $18 billion OP Jindal group is the largest integrated manufacturer of stainless steel in India and is ranked among the top 10 stainless steel manufacturers in the world, with a capacity of 1.8 million tonnes (MT).

Jindal Stainless Share Price

787.90 -1.55 (-0.20%)
17-Apr-2026 16:59 View Price Chart
Peers
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