Jindal Steel strengthens on the plans of acquiring more coal mines in SA and Mozambique

06 Dec 2012 Evaluate

Jindal Steel & Power is currently trading at Rs 405.00, up by 0.35 points or 0.09% from its previous closing of Rs 404.65 on the BSE.

The scrip opened at Rs 406.70 and has touched a high and low of Rs 409.45 and Rs 403.35 respectively. So far 36594 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 321.10 on 12-Sep-2012.

Last one week high and low of the scrip stood at Rs 415.40 and Rs 378.60 respectively. The current market cap of the company is Rs 37888.81 crore.

The promoters holding in the company stood at 59.02% while Institutions and Non-Institutions held 28.62% and 12.36% respectively

Jindal Steel & Power (JSPL), is vying to acquire more coal mines in South Africa and Mozambique, as mentioned in a media report. The company, which has got coal mining licences in Australia and has acquired mines in South Africa, Mozambique and Botswana, is also looking at many other parts in the world.

Uptill now, the company has acquired diamond exploration licences in Congo, coal mining rights in South Africa, Mozambique and Australia, limestone exploration in Madagascar along with copper mining rights in Zambia and Tanzania, among others.

JSPL forms 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 & Power Share Price

1055.70 26.90 (2.61%)
03-Jun-2024 16:01 View Price Chart
Peers
Company Name CMP
Jindal Steel & Power 1055.70
Jai Balaji Inds 890.15
Lloyds Metals&Energy 694.00
Steel Exchange India 12.92
KIC Metalik 45.65
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