Jindal Group

Jindal Stainless profit zooms to Rs 442 cr in December quarter

Income during the third quarter increased to Rs 5,682.37 crore, from Rs 3,592.04 crore in the year-ago period

Shareholders, creditors approve Jindal Stainless Steel-JSHL merger

Having a total melting capacity of 0.8 million tonne per annum (MTPA), the Hisar-based JSHL is the largest specialty stainless steel producer in India with a diversified value-added product portfolio

India has turned into police state: Congress on ED raids on Naveen Jindal

The ED conducted searches at the premises of Jindal's company JSPL in connection with a probe linked to alleged violation of foreign exchange regulations

Jindal Global Business School signs MoUs with 11 Universities in 5 nations

Jindal Global Business School has expanded its international partnership portfolio by signing 11 new MoUs with prestigious business schools and universities in five countries

Lenders see faster resolution of Videocon debt with three big new bidders

Govt's PLI sops encourages Adani, Jindal to show interest in VIL's consumer durable business

Jindal Steel & Power profit drops 27% to Rs 1,866 cr in December quarter

Jindal Steel & Power on Tuesday reported a 27.2 per cent drop in consolidated profit at Rs 1,866.08 for the quarter ended December 2021 owing to higher expenses. The company had posted a consolidated profit of Rs 2,566.68 crore in the corresponding period of the previous fiscal, Jindal Steel & Power said in a BSE filing. However, the consolidated income of the company during the October-December period increased to Rs 12,535.35 crore, over Rs 9,643.88 crore in the year-ago period. In a statement, the company said that its "consolidated PAT of Rs 1,622 crore fell by 34 per cent Y-o-Y due to lower operating profit and higher tax expense." While the third quarter of FY'22 witnessed a sharp improvement in domestic demand on a sequential basis, the quarter continued to be marred by unseasonal rains, lack of railway rakes and muted demand amidst rising COVID-19 cases. Steel demand in India registered a seven per cent Y-o-Y fall in the third quarter of ongoing fiscal. The company ...

Naveen Jindal group, two others submit final bids for Reliance Naval

CoC to take a call on Wednesday

'Next quarter, there will be a boom in steel demand': JSW Steel Joint MD

Investment in infrastructure by various governments and energy transition are driving demand for steel, says Seshagiri Rao

Promoter company Worldone to acquire JSPL's thermal power business

Industry sources said the estimated deal size is close to Rs 12,000 crore, which includes Rs 6,500 crore debt, Rs 7,000 crore redeemable preference shares and Rs 3,015 crore equity infusion

JSPL board okays divestment in Jindal Power to Worldone for Rs 30.15 bn

Jindal Power and Steel (JSPL) on Tuesday said its board has approved divesting its entire equity interest in Jindal Power to Worldone, a promoter group company, for Rs 30.15 billion

Jindal Aluminium increasing focus on defence, aerospace segments: MD

Ruling out inorganic route to scale up, he said they plan to increase output gradually in a modular manner every year so that both manpower and technology go hand in hand to meet rising demand

LSAT-India results for Jindal law school to be released in mid-August

Started on July 19, LSAT--India 2020 exam was conducted on six different days testing approximately 6,000 students aspiring to join JGLS in different academic programmes.

Steelmakers ready to fill void left by Chinese firms: JSL's Abhyuday Jindal

The overall growth of stainless steel industry, like many other industries, and in fact, all of Indian economy, is bound to witness contraction in FY21, says Abhyuday Jindal

Jindal Defence in JV with Brazil's Taurus Armas for making small arms

Initial investment of $5 million, production to start by September

Jindal Stainless posts Rs 51.92-crore profit in September quarter

The company had posted a loss of Rs 36.44 crore in the year-ago period, JSL said in a filing to the BSE

JSPL says it is generating enough cash, not defaulted on any payment

The company said all speculations/rumours with respect to payment default are "baseless and false in nature"

Jindal Group selects Andhra's Ramayapatnam for landing imported iron ore

Jindal Group signed and the Andhra Pradesh government signed a memorandum of understanding (MoU) in Davos, Switzerland, on Wednesday for the proposed project.