Jindal Steel & Power is currently trading at Rs. 537.50, up by 1.35 points or 0.25% from its previous closing of Rs. 536.15 on the BSE.
The scrip opened at Rs. 540.00 and has touched a high and low of Rs. 548.25 and Rs. 536.50 respectively. So far 87,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 723.50 on 06-Apr-2011 and a 52 week low of Rs. 435.55 on 29-Dec-2011.
Last one week high and low of the scrip stood at Rs. 591.00 and Rs. 528.80 respectively. The current market cap of the company is Rs. 50,247 crore.
The promoters holding in the company stood at 58.58% while Institutions and Non-Institutions held 29.09% and 12.33% respectively.
Jindal Steel & Power (JSPL)’s arm Jindal Shadeed Iron and Steel is likely to start work on its $300-million iron ore pellet plant in Oman within four months. It is in the process of seeking environment clearances for the 7 million tonne per annum (mtpa) project.
The company has hold its plan to establish a second 1.5 mtpa capacity direct reduction iron (DRI) plant in its complex in Oman’s Sohar due to non-availability of additional natural gas as feedstock. Jindal Shadeed is currently negotiating with technology suppliers for the project.
The company plans to use LPG, LNG, or even other oils as fuel for the project for its pelletising unit. It has to import iron ore from its mines in India or Bolivia. Apart from using it for captive consumption at its existing DRI unit, the pellets will be exported to GCC (Gulf Cooperation Council) countries.
The entity has started all the project activities piling, civil and structural fabrication for the melting shop. The melt shop will have a capacity of 2 mtpa. Jindal has invested $650 million so far in the proposed integrated steel complex and the implementation of a steel melt shop and a pelletising unit will take the total investment to $1.25 billion.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1292.80 |
| Lloyds Metals&Energy | 1637.75 |
| Jai Balaji Inds | 73.94 |
| Steel Exchange India | 9.81 |
| Rajputana Stainless | 128.00 |
| View more.. | |
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