JSPL gains on receiving nod to sell its 1,000 MW power plant in Chhattisgarh to JSW Energy

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

19 Jul 2016 Evaluate

JSPL is currently trading at Rs. 69.45, up by 0.50 points or 0.73% from its previous closing of Rs. 68.95 on the BSE.

The scrip opened at Rs. 69.90 and has touched a high and low of Rs. 71.00 and Rs. 68.50 respectively. So far 5,56,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 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. 76.00 and Rs. 68.10 respectively. The current market cap of the company is Rs. 6,354.01 crore.

The promoters holding in the company stood at 61.89%, while Institutions and Non-Institutions held 21.33% and 16.77% respectively.

Jindal Steel and Power (JSPL) has received its shareholders’ approval to sell its 1,000 MW power plant in Raigarh, Chhattisgarh to JSW Energy. According to the deal, JSW will pay at least Rs 4,000 crore, excluding net current assets, and an additional Rs 2,500 crore if JSPL’s 1,000 MW power plant in Raigarh, Chhattisgarh secures a long term power purchase agreement.

Earlier this month, fair trade regulator the Competition Commission of India (CCI) had also approved the deal.

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

Peers

Company Name	CMP
Jindal Steel	1248.10
Lloyds Metals&Energy	1735.25
Jai Balaji Inds	83.52
Steel Exchange India	10.66
Rajputana Stainless	135.05
View more..

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