SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Jindal Steel & Power’s arm acquires shareholding in Allied Strips

03 Apr 2025 Evaluate

Jindal Steel & Power’s a wholly owned subsidiary -- Jindal Steel Odisha (JSO) has acquired shareholding in Allied Strips (ASL). Consequently, Allied Strips has become a subsidiary of the company. ASL specializes in the manufacturing and supply of steel products. ASL produces a variety of steel items, including hot rolled coils, cold rolled coils, cold rolled close annealed (CRCA) steel, serving diverse sectors, including automotive, white goods, precision tubes etc.

The acquisition of ASL will help JSO to expand its product portfolio and provide significant synergies with the existing steel manufacturing business (steel produced in JSO can be used as a raw material in ASL).

Jindal Steel & Power is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.

Jindal Steel Share Price

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

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×