Jindal Steel and Power (JSPL) has raised long product prices by average Rs 800 per tonne. The company has hiked plate prices by average Rs 1,000 per tonne. Earlier in February this year, the company raised the long product prices by Rs 1000 per tonne due to higher raw material costs.
In separate development, the company is planning to spend Rs 24,000 crore by the end of 2014-15 fiscal in order to finish its ongoing expansion and start work on next phase of capacity addition. Out of which, the company plans to spend a capital expenditure of Rs 12,000 crore for both steel and power together in this year and Rs 11,000-12,000 crore in the next year.
| 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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