Jindal Steel and Power (JSPL) has hiked product prices by Rs 800-1,000 a tonne for month of March. The price hike is for products such as steel plates, hot rolled coils, wired rod coils and TMT bars. This is the second such increase by the company in the current calendar year. The company had earlier hiked its prices by Rs 1,000 a tonne on January 1.
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.