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Jindal Steel rises on plan to begin production from two overseas mines by month end

13 Aug 2012 Evaluate

Jindal Steel and Power is currently trading at Rs. 412.00, up by 1.70 points or 0.41% from its previous closing of Rs. 410.30 on the BSE.

The scrip opened at Rs. 409.05 and has touched a high and low of Rs. 415.05 and Rs. 407.30 respectively. So far 21836 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 663.40 on 17-Feb-2012 and a 52 week low of Rs. 390.05 on 26-Jul-2012.

Last one week high and low of the scrip stood at Rs. 419.75 and Rs. 397.55 respectively. The current market cap of the company is Rs. 38557.22 crore.

The promoters holding in the company stood at 58.97% while Institutions and Non-Institutions held 28.20% and 12.83% respectively.

Jindal Steel and Power (JSPL) has decided to start coal production from two of its overseas coal mines in Indonesia and Mozambique by month-end, which will guarantee supply of inputs for the existing and upcoming projects.

The company is to start the production in Indonesia by August-end, where it has a thermal coal mine with reserves of over 250 million tonne (MT). Besides, it has 1.2 billion tonne of coking and thermal coal reserves in Mozambique, for which the company had obtained mining license in February 2009. It will also begin production from Mozambique by month-end.

The entity aims 20 million tonne steel making capacity by 2020 and power generation capacity of over 21,000 MW together with its subsidiary Jindal Power.

Jindal Steel Share Price

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