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JSPL spurts on plan to divest 1,000 Mw power plant of a subsidiary company

17 Jun 2016 Evaluate

Jindal Steel & Power is currently trading at Rs. 66.40, up by 0.90 points or 1.37% from its previous closing of Rs. 65.50 on the BSE.

The scrip opened at Rs. 66.05 and has touched a high and low of Rs. 67.50 and Rs. 65.75 respectively. So far 1155132 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 98.10 on 31-Dec-2015 and a 52 week low of Rs. 48.20 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 66.25 and Rs. 61.40 respectively. The current market cap of the company is Rs. 6084.11 crore.

The promoters holding in the company stood at 61.89%, while Institutions and Non-Institutions held 21.08% and 17.02% respectively.

Jindal Steel and Power (JSPL) is seeking shareholders’ approval to divest 1,000 mega watt (Mw) power plant of its subsidiary company and sale of its 920 Mw captive power plants. The company will sell entire plant and machinery of 810 Mw (6 x 135 Mw) captive power plant located at Angul in Odisha, and entire plant and machinery of 110Mw (2 x 55 Mw) captive power plant located at Raigarh in Chhattisgarh.

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

1248.10 -10.45 (-0.83%)
08-May-2026 16:59 View Price Chart
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