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Jindal Stainless gains on getting nod to acquire 100% stake in Rabirun Vinimay

Jindal Stainless Ltd. | Steel & Iron Products | Metals & Mining | BSE: 532508 | NSE: JSL

20 Dec 2023 Evaluate

Jindal Stainless is currently trading at Rs. 546.10, up by 2.00 points or 0.37% from its previous closing of Rs. 544.10 on the BSE.

The scrip opened at Rs. 549.20 and has touched a high and low of Rs. 557.45 and Rs. 543.30 respectively. So far 44669 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 569.50 on 15-Dec-2023 and a 52 week low of Rs. 203.20 on 21-Dec-2022.

Last one week high and low of the scrip stood at Rs. 569.50 and Rs. 534.75 respectively. The current market cap of the company is Rs. 44967.76 crore.

The promoters holding in the company stood at 57.94%, while Institutions and Non-Institutions held 28.80% and 12.67% respectively.

Jindal Stainless’ (JSL) board has accorded its consent for acquisition of 100% stake in Rabirun Vinimay (RVPL), a company under liquidation, on a going concern basis, in terms of the applicable provisions of Insolvency and Bankruptcy Code, 2016.

RVPL has potential downstream cold rolling manufacturing capacity of 250 KTPA for wider and thinner segment besides having capacity of 50 KTPA for pipe & tube segment. The Plant is located at Vidyasagar Industrial Park, Kharagpur. West Bengal in 60 acres of land area. The plant is currently under shut down.

The proposed acquisition would complement the management's objective of increasing the cold rolling capabilities of going thinner with wider width to cater auto, large household appliances, lift & elevators, surface critical applications.

Jindal Stainless (JSL) is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

Jindal Stainless Share Price

787.90 -1.55 (-0.20%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata Steel	212.05
JSW Steel	1239.90
SAIL	173.50
Jindal Stainless	787.90
APL Apollo Tubes	2105.45
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Jindal Stainless gains on getting nod to acquire 100% stake in Rabirun Vinimay

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