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Jindal Stainless inches up on acquiring additional 7% stake in SPV

29 Oct 2026 Evaluate

Jindal Stainless is currently trading at Rs. 684.35, up by 1.50 points or 0.22% from its previous closing of Rs. 682.85 on the BSE.

The scrip opened at Rs. 681.55 and has touched a high and low of Rs. 685.15 and Rs. 681.00 respectively. 

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 883.25 on 07-Jan-2026 and a 52 week low of Rs. 652.45 on 11-Jun-2026.

Last one week high and low of the scrip stood at Rs. 711.65 and Rs. 667.30 respectively. The current market cap of the company is Rs. 56295.49 crore.

The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 27.81% and 9.64% respectively.

Jindal Stainless has acquired an additional 7% equity stake in a special purpose vehicle (SPV) formed in collaboration with Ampin C&I, to develop a 40 MW solar group captive renewable energy project for meeting the power requirements of the company’s plant(s).

The project is expected to produce around 61.73 million units annually for captive consumption of the company. Moreover, power procurement from this plant is in alignment with the company’s commitment to power future growth through renewable sources of energy and reach net zero carbon emissions by 2050.

With investment of the balance tranche of around Rs 5.08 crore, the company has completed its committed investment of around Rs 13.83 crore. The transaction brings the company's aggregate equity holding in the SPV to 24.21%.

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.

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Jindal Stainless 684.00
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