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Jindal Steel & Power gains on plan to sell captive power plants aggregating to 920 MW capacity

Jindal Steel Ltd. | Steel/Sponge Iron/Pig Iron | Metals & Mining | BSE: 532286 | NSE: JINDALSTEL

16 Nov 2015 Evaluate

Jindal Steel & Power is currently trading at Rs. 79.85, up by 0.65 points or 0.82% from its previous closing of Rs. 79.20 on the BSE.

The scrip opened at Rs. 76.00 and has touched a high and low of Rs. 81.95 and Rs. 75.10 respectively. So far 9,95,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 208.00 on 20-Feb-2015 and a 52 week low of Rs. 56.00 on 29-Sep-2015.

Last one week high and low of the scrip stood at Rs. 82.60 and Rs. 69.60 respectively. The current market cap of the company is Rs. 7,314.00 crore.

The promoters holding in the company stood at 61.89% while Institutions and Non-Institutions held 19.53% and 18.58% respectively.

Jindal Steel & Power (JSPL) has received an approval for sale of captive power plants (CPP) of the company situated at Angul, Odisha (6 x 135 MW) and at Raigarh, Chhattisgarh (2 x 55 MW) aggregating to 920 MW capacity to JPL wherein JSPL owns 96.43% shareholding, at a fair market value determined by an independent valuer appointed by the board. The board of directors at its meeting held on November 14, 2015 has given an approval for the same.

The above is subject to the approval of the shareholders and other approvals, as may be required. This transaction, once completed, will help in obtaining operational economies, consolidating and effectively managing power business and maximizing the value of business at JPL level.

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.

Jindal Steel Share Price

1269.50 0.00 (0.00%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Jindal Steel	1269.50
Lloyds Metals&Energy	1622.70
Jai Balaji Inds	72.59
Steel Exchange India	8.96
Rajputana Stainless	125.90
View more..

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Jindal Steel & Power gains on plan to sell captive power plants aggregating to 920 MW capacity

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