Jindal Steel & Power (JSPL) is currently trading at Rs. 243.35, up by 3.15 points or 1.31% from its previous closing of Rs. 240.20 on the BSE.
The scrip opened at Rs. 241.00 and has touched a high and low of Rs. 244.90 and Rs. 241.00 respectively. So far 59362 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 473.90 on 20-Dec-2012 and a 52 week low of Rs. 181.55 on 02-Aug-2013.
Last one week high and low of the scrip stood at Rs. 244.90 and Rs. 229.00 respectively. The current market cap of the company is Rs. 22710.91 crore.
The promoters holding in the company stood at 59.13% while Institutions and Non-Institutions held 27.50% and 13.38% respectively.
Jindal Steel and Power (JSPL) is reportedly in talks with Hyderabad-based Kineta Power to buy its 1,320-megawatt (MW) coal-based power plant at Nellore in Andhra Pradesh. The project is currently under implementation and has already received forest and defence clearance. Further, the cost of setting up the power plant is around Rs 5,000 crore.
Kineta Mines and Minerals is primarily engaged in export of iron ore and are also the suppliers of burnt lime, limestone and dolomite.
JSPL is 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.
