Odisha destined to emerge trillion-dollar economy: Naveen Patnaik woos investors
BHUBANESWAR: Claiming that Odisha is destined to become a trillion-dollar economy in the near future, Chief Minister Naveen Patnaik on Thursday assured business leaders of all support in launching their projects in the state. Patnaik said this while addressing the plenary session of the third edition of the Make In Odisha’ conclave, the state’s business […]
Jindal Steel announces over Rs 1 trillion investment in Odisha in next 10 years
NEW DELHI: Jindal Steel and Power Limited (JSPL) will invest over Rs 1 lakh crore in Odisha to create employment opportunities in the state, its Chairman Naveen Jindal has said. The industrialist said this responding to a meeting chaired by Odisha Chief Minister Naveen Patnaik on Tuesday in which five major industrial projects worth Rs […]
Jindal Steel and Power September quarter net loss widens to Rs 706 crore
NEW DELHI: Jindal Steel and Power Ltd (JSPL) on Friday said its total loss on a consolidated basis widened to Rs 706.49 crore for the quarter to September 2020. Its total consolidated loss was Rs 399.31 crore in the corresponding year-ago period, JSPL said in a filing to BSE. Total income of the company on […]
JSPL reports 30% steel sales growth in Q2 FY21
NEW DELHI: Jindal Steel & Power Limited (JSPL) has beaten the trend again reporting healthy growth in production and sales volume during the July-September quarter in the midst of an economic crisis triggered by the coronavirus pandemic. The company continued its onward march with a record of 30 percent (Y-o-Y) growth in consolidated steel sales […]
JSPL arm sells 49 per cent stake in JSIS Oman to Vulcan Steel
NEW DELHI: Jindal Steel & Power’s Mauritius arm has sold 48.99 per cent stake in its Oman asset, Jindal Shadeed Iron and Steel LLC to Vulcan Steel, a subsidiary of Templar Investment. This is the first tranche of the sale, and in a filing on Wednesday, Jindal Steel and Power (JSPL) said that the company […]
JSPL gets over 2,000 tonne rails order from Kolkata Metro
NEW DELHI: Private steel maker JSPL has bagged an order of 2,308 tonne head hardened rails from Kolkata Metro Rail Corporation, a company official has said. These special rails are used in high-speed freight corridors and metro rail projects. Head hardened rails are manufactured using the head hardening technology to bear about 50 per cent […]