Indian companies turn back on bank loans, issue bonds instead

Indian corporate bond issuance this year looks set to surpass 2013 and 2014 as expensive bank loans force companies seeking funding to try their luck in capital markets. So far, they haven`t been disappointed.

Jayanthi Natarajan, Jairam Ramesh fought over mining clearance to Jindal Steel

Union Forest and Environment Minister in the UPA government, Jayanthi Natarajan had an epistolary "face-off" with her Cabinet colleague, Rural Development Minister Jairam Ramesh over allowing Jindal Steel and Power Limited (JSPL) to conduct mining activities in the Saranda forest of Jharkhand.

DLF slumps 8%, Jindal Steel falls 7.5% on regulatory probes

DLF Limited and Jindal Steel and Power were the top losers in trade on Monday as their shares slumped by 8 percent and 7.5 percent respectively following regulatory probes against them.

CBI starts new inquiry against JSPL for forest land diversion

CBI has started a fresh inquiry against unknown officials of Jindal Steel and Power Limited for alleged diversion of forest land in Jharkhand for mining purpose in collusion with Environment Ministry officials.

Coal scam: CBI files fresh case against Jindal Steel & Power

A CBI spokesperson said here on Sunday that it is the 36th FIR in connection with its probe into the coal blocks scam.

DNA: JSPL, Usha Martin shares fall on coal block allocations order

Shares of Jindal Steel and Power Ltd fell as much as 15.7% to Rs.248.15, Hindalco Industries Ltd fell 11.7% to Rs.160.8, Sesa Sterlite Ltd fell 4.5% to Rs.278.60, Tata Steel Ltd fell 5.2% to Rs.509.55.

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Govt deallocates another coal mine of JSPL

The government has deallocated Amarkonda-Murgadandal coal block in Jharkhand allocated to JSPL and Gagan Sponge Iron for delays in its development.

Coal Ministry deallocates 11 blocks

Coming down heavily on firms sitting idle on mines, the Coal Ministry has decided to deallocate 11 blocks given to companies including Jindal Steel and Power Ltd (JSPL) and Rathi Udyog Ltd.

Nifty plunges 1.5% on panic selling; Jindal Steel melts

Heightened fears over foreign fund outflows from Indian markets in the backdrop of sliding rupee and weakness in global stocks triggered panic selling Tuesday as the NSE benchmark CNX Nifty tanked by a massive 89 points to close below the important 5,800 mark.

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.

Sensex slides 298 pts to two-month lows; Jindal Steel tanks 15%

Sensex Tuesday sank by 298 points to close at nearly two-month lows as steep fall in rupee almost killed rate cut hopes, amid 15 percent plunge in Jindal Steel due to fresh developments in the coal issue.

JSPL slumps over 24%; m-cap down Rs 4,287 crore amid FIR by CBI

Shares of Jindal Steel and Power Ltd on Tuesday crashed over 24 percent in morning trade, as Naveen Jindal and the company were named as accused in the fresh FIR filed by CBI in connection with the coal allocation scam.

JSW Steel refutes criminal conspiracy charges

Belgaum-based JSW Steel Ltd Thursday refuted allegations that it had entered into a criminal conspiracy with some persons and caused a loss of Rs 890 Crore to Karnataka Government as stated in the chargesheet filed by CBI in connection with a graft case involving former Chief Minister B S Yeddyurappa and others.

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.

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.

JSW Steel plans LSE listing of foreign assets

Vedanta Resources and Essar Energy are two other Indian firms that are listed on the LSE.

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 in talks for acquiring Canada's CIC Energy for Rs 1800 cr

CIC Energy in a filing to Toronto Stock Exchange said talks are on for possible acquisition of the company at an indicative price of CAD (Canadian Dollar) 2 per share but it did not specify how much stake will be bought by Jindal Steel and Power Ltd (JSPL).