Jindal Steel loses Rs 3,787cr in market valuation; shares drop over 15%

After slumping 24.3 percent to Rs 202 -- its 52-week low in intra-day trade -- the stock finally ended at Rs 226.35, down 15.18 percent from its previous close on the BSE.

JSPL appoints Subrat Ratho as MD of Jindal Synfuels

Jindal Steel and Power (JSPL) on Thursday said it has appointed Subrat Ratho, an ex-IAS officer, as Managing Director of of its subsidiary, Jindal Synfuels.

Fulfilled net worth criteria for coal-to-liquid project: JSPL

Jindal Steel and Power (JSPL) Thursday said it fulfilled the net worth criteria required for allotment of a coal block for turning coal into oil in 2008.

After L&T, Ravi Uppal may join JSPL as MD

Spending around three years with engineering and construction company Larsen and Toubro (L&T), Ravi Uppal is now set to join Naveen Jindal-led JSPL and may steer its operations as Managing Director.

JSPL buys CIC Energy for $115 million

The deal will provide JSPL access to CIC's high-quality thermal coal in Greater Mmamabula coalfields in Botswana, which is estimated to be in excess of 6 billion tonne (including proven and indicated resource of 2.4 billion tonne).

JSPL to begin coal production from 2 overseas mines by mth-end

Jindal Steel and Power (JSPL) plans to begin production from two of its overseas coal mines in Indonesia and Mozambique by month-end, a development which will ensure supply of inputs for the existing and upcoming projects, a senior company official has said.

JSPL to invest Rs 1 lakh cr by 2020 to raise capacity

Jindal Steel and Power (JSPL) plans to invest Rs 1 lakh crore to expand its capacity multi-fold to 20 million tonnes per annum in the next eight years, company chairman Naveen Jindal has said.

JSPL Q1 net declines 58%; shares touch 52-wk low

The Naveen Jindal-led firm had reported a net profit of Rs 918.79 crore during the corresponding quarter of 2011-12.

JSPL to acquire Canada's CIC Energy for CAD 116 mn

As per the agreement, CIC will be merged with JSPL's wholly-owned subsidiary, Jindal BVI Ltd and its existing shareholders would get CAD 2 per share for their outstanding shares in the Canadian firm.

JSPL employees arrested in Bolivia, firm alleges victimisation

Two employees of Jindal Steel and Power were arrested in Bolivia, where the company had scrapped its USD 2.1 billion project a few days back.

JSPL cancels $2.1 billion mining project in Bolivia

The project was considered as the largest foreign direct investment in the Latin American country.

JSPL to acquire 10% stake in Gujarat NRE's Australian arm

Jindal Steel and Power will acquire a little over 10 percent stake in Gujarat NRE Coal's Australian subsidiary, Gujarat NRE Coking Coal Ltd, for AUD 25 million (about Rs 135 crore).

Opelina Finance ups stake in JSPL to 8.42% for Rs 100 cr

Jindal Steel and Power (JSPL) on Friday said one of its promoters has increased stake in the company by 0.17 percent to 8.42 percent for Rs 99.43 crore.

JSPL to add 3 mn tonnes of new steel capacity in FY 2013

The Odisha steel plant has a envisaged steel production capacity of 6 MTPA in the first phase, with an estimated investment of Rs 30,000 crore.

JSPL Q3 up 7% at Rs 996.68 cr

Jindal Steel and Power (JSPL) Wednesday posted 6.81 percent growth in consolidated net profit at Rs 996.68 crore for the quarter ended December 31, as rupee depreciation and high raw material costs hit the company's bottomline.

JSPL, Rio Tinto sign MoU for advancing HIsmelt technology

Naveen Jindal led Jindal Steel and Power on Friday said it has signed a Memorandum of Understanding (MoU) with global mining giant Rio Tinto to jointly work for global commercialisation of the HIsmelt technology to be used in a fully integrated steel-making facility.