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Jindal Steel & Power shines on commencing commercial production at widest plate Mill

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

29 Aug 2012 Evaluate

Jindal Steel & Power is currently trading at Rs. 363.70, up by 4.95 points or 1.38% from its previous closing of Rs. 358.75 on the BSE.

The scrip opened at Rs. 361.00 and has touched a high and low of Rs. 368.45 and Rs. 356.00 respectively. So far 2, 00,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 663.40 on 17-Feb-2012 and a 52 week low of Rs. 343.00 on 28-Aug-2012.

Last one week high and low of the scrip stood at Rs. 415.55 and Rs. 343.00 respectively. The current market cap of the company is Rs. 33,999 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 & Power (JSPL) has started the commercial production of India’s widest 5.0 Meter Wide Plate mill at Angul in Odisha which is a pact of the planned first phase .0 million MT per annum integrated steel plant at Angul. This Plate has an annual capacity of 2 MTPA. The company is targeting to produce 15,000 MT in the next month and then increase the production gradually.

This 5 Meter Wide Plate Mill at Angul is a part of the company’s forward integration process of completing the process chain to produce value-added finished discrete plates. The technology and equipments is supplied by Siemens VAI UK & capable of rolling wide width range and steel grades like structural, boiler quality, shipbuilding and pipeline plates upto X-BO Grades. The plate mill is equipped with walking beam type of Reheating furnace teratology supplied by Fives Stein France with level 2 automation, SVAJ patent MULPIC cooling system, hot leveler & GE GMBH online Ultrasonic Testing facility for excellent plates surface quality and close dimensional tolerances and flatness control.

In another positive development for the integrated steel plant, BSI (British Standards Institution) has certified 5.0 Meter Wide Plate Mill for Integrated Management system (ISO 9001, ISO 14001 and OHSAS 18001) certification. The plate mill is a part of integrated steel complex and being set lip along with 1.6 MTPA Steel Melting Shop at a combined project cost of Rs 4923 crore. SMS is likely to be commission towards the end of FY 2013. This project has been funded on 2:1 debt equity and debt of Rs 3282 crore has been funded by consortium of Indian Banks with largest loan given by SBI, PNB, Vijaya Bank and others.

The plate has a market in oil and gas sector, water pipeline sector, shipping sector, infrastructure and power equipment manufacturing etc.

Jindal Steel Share Price

1269.50 45.65 (3.73%)

17-Apr-2026 16:59 View Price Chart

Peers

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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Jindal Steel & Power shines on commencing commercial production at widest plate Mill

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