Jindal Steel & Power is currently trading at Rs 416.00, up by 0.55 points or 0.13% from its previous closing of Rs 415.45 on the BSE.
The scrip opened at Rs 415.80 and has touched a high and low of Rs 417.70 and Rs 412.50 respectively. So far 39701 shares were traded on the counter.
The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs 663.40 on 17-Feb-2012 and a 52 week low of Rs 410.15 on 05-Jun-2012.
Last one week high and low of the scrip stood at Rs 458.80 and Rs 413.80 respectively. The current market cap of the company is Rs 38795.60 crore.
The promoters holding in the company stood at 58.97% while Institutions and Non-Institutions held 28.20% and 12.83% respectively.
Naveen Jindal controlled, Jindal Steel & Power is close to acquire a controlling stake in Toronto-listed Canadian coal mine owner CIC Energy Corp, at a value estimated to be worth of Rs 1000 crore, as mentioned in some media reports. The acquisition will help the company access about 2.4 billion tonnes of high grade thermal coal from CIC's Mmamabula Coalfields and other properties, which in turn would be used to feed in the requirement of its India-based power and steel plants.
Recently, the company raised Rs 3500 crore from consortium of lenders for funding the requirements for setting up the world’s biggest steel plant in Orissa. The debt would add to Jindal Steel's consolidated debt of Rs 14,716.8 crore as on March 31, 2012.
| 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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