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Jindal Steel zooms on planning to raise Rs 1000 crore via QIP in February

08 Jan 2018 Evaluate

Jindal Steel & Power is currently trading at Rs. 261.60, up by 22.30 points or 9.32% from its previous closing of Rs. 239.30 on the BSE.

The scrip opened at Rs. 245.40 and has touched a high and low of Rs. 270.30 and Rs. 245.40 respectively. So far 1414006 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 270.30 on 08-Jan-2018 and a 52 week low of Rs. 72.80 on 06-Jan-2017.

Last one week high and low of the scrip stood at Rs. 270.30 and Rs. 199.90 respectively. The current market cap of the company is Rs. 23781.73 crore.

The promoters holding in the company stood at 61.89%, while Institutions and Non-Institutions held 21.22% and 16.89% respectively.

Jindal Steel and Power (JSPL) is planning to raise Rs 1000 crore through qualified institutional placement (QIP) route in February 2018. Besides, the company is planning to raise up to Rs 2000 crore by listing its Oman business on foreign exchange. The company is evaluating options of listing in London, Dubai or Muscat.

The company has a 2 MTPA integrated steel plant at Sohar, Oman where it had recently commissioned a 1.5 MTPA Bar Mill. It had also launched Jindal Panther TMT Rebar brand in the middle east markets. JSPL had acquired Shadeed Iron and Steel in 2010.

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.

Jindal Steel Share Price

1269.50 45.65 (3.73%)
17-Apr-2026 16:59 View Price Chart
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