Jindal Steel And Power Ltd

Jindal Steel & Power Ltd rose for a third straight session today. The stock is quoting at Rs 967.1, up 1.67% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 25484.65. The Sensex is at 83437.68, down 0.31%. Jindal Steel & Power Ltd has added around 2.19% in last one month. Meanwhile, Nifty Metal index of which Jindal Steel & Power Ltd is a constituent, has added around 6.08% in last one month and is currently quoting at 9564.55, up 1.17% on the day. The volume in the stock stood at 13.28 lakh shares today, compared to the daily average of 15.45 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 973.75, up 1.93% on the day. Jindal Steel & Power Ltd is down 7.92% in last one year as compared to a 4.93% gain in NIFTY and a 2.65% gain in the Nifty Metal index.The PE of the stock is 21.47 based on TTM earnings ending March 25.Powered by Capital Market - Live

The company stated that the commissioning of this line would mark a significant expansion in its coated steel product offerings. The new line will produce galvanised and galvalume products under the Jindal Panther Galvanised and ZINKALUME brands, catering to various industries including appliances, automotive, infrastructure, and construction. CGL 1 can process steel thicknesses ranging from 0.15 mm to 1.50 mm and widths from 700 mm to 1400 mm. This advanced setup ensures high precision and consistent quality for a variety of applications. The line also offers thinner HR galvanised coils (1.00'1.50 mm) for the tube industry, silos, tank farms, and pre-engineered buildings, as well as high-strength galvanised steel for automotive underbody components. Jindal Steel further said that it would add another 6 MTPA crude steel capacity at the Angul plant this year, taking the total capacity to 12 MTPA by the end of 2025. Jindal Steel and Power offers a product portfolio that caters to markets across the entire steel value chain. On a consolidated basis, Jindal Steel & Power reported net loss of Rs 339.40 crore in Q4 March 2025 as against net profit of Rs 935.37 crore in Q4 March 2024. Net sales declined 2.25% YoY to Rs 13183.13 crore in Q4 March 2025. The scrip shed 0.03% to currently trade at Rs 939 on the BSE. Powered by Capital Market - Live

 Jindal Steel has successfully commissioned its first Continuous Galvanising Line (CGL 1) at its state-of-the-art Angul Integrated Steel Complex in Odisha. This marks a significant expansion in the company's coated steel product offerings. The new line will produce galvanised and galvalume products under the Jindal Panther Galvanised and ZINKALUME brands, catering to various industries including appliances, automotive, infrastructure, and construction. CGL 1 can process steel thicknesses ranging from 0.15 mm to 1.50 mm and widths from 700 mm to 1400 mm. This advanced setup ensures high precision and consistent quality for a variety of applications. Jindal Panther Galvanised Products include full hard, soft, and skin-passed galvanised steel, used in products like air conditioners, white goods, electrical panels, ducting systems, coolers, vehicle bodies, silos, and storage boxes. These are also ideal as base material for pre-painted galvanised iron (PPGI). ZINKALUME Galvalume Products are coated with an aluminium + silicon + zinc alloy, offering excellent corrosion resistance and thermal durability. These products are especially suited for refrigerator backs, solar structures, fuel tanks, and pre-painted galvalume (PPGL) applications. The line also offers thinner HR galvanised coils (1.00-1.50 mm) for the tube industry, silos, tank farms, and pre-engineered buildings, as well as high-strength galvanised steel for automotive underbody components. 'The commissioning of our first galvanising line at the Angul Integrated Steel Complex is a proud milestone. It reflects our commitment to delivering high-quality, value-added steel products for diverse industry needs. We are confident that Panther Galvanised and ZINKALUME will set new benchmarks in the market' said  Naveen Jindal, Chairman of Jindal Steel in a statement. Looking ahead, Jindal Steel is set to add another 6 MTPA crude steel capacity at the Angul plant this year, taking the total capacity to 12 MTPA by the end of 2025'making it one of the largest single-location steel plants in India. Powered by Capital Market - Live

The brokerage expects JSPL's EBITDA to nearly double by FY27, driven by improved operating leverage, a better product mix, lower production costs, and relatively stable steel prices. It also projects a sharp rebound in volume growth. After a tepid 1% CAGR over FY22'25, volumes are expected to grow at 19% annually through FY27, supported by ongoing capacity expansions. JSPL is set to begin hot metal production from its 4.6 mtpa blast furnace in early Q2FY26, while a 3 mtpa basic oxygen furnace is also scheduled for commissioning by the end of that quarter. This ramp-up is expected to boost FY26 steel output and sales to 9 mt, marking a 12.5% year-on-year increase. Jindal Steel and Power offers a product portfolio that caters to markets across the entire steel value chain. On a consolidated basis, Jindal Steel & Power reported net loss of Rs 339.40 crore in Q4 March 2025 as against net profit of Rs 935.37 crore in Q4 March 2024. Net sales declined 2.25% YoY to Rs 13183.13 crore in Q4 March 2025. Powered by Capital Market - Live

Jindal Steel & Power announced the demise of Sunjay Kapur, Independent Director of the Company (DIN: 00145529), on 12 June 2025, in England, United Kingdom. Powered by Capital Market - Live

Jindal Steel & Power announced that the Board of Directors of the Company at its meeting held on 30 April 2025, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net loss of Jindal Steel & Power reported to Rs 339.40 crore in the quarter ended March 2025 as against net profit of Rs 935.37 crore during the previous quarter ended March 2024. Sales declined 2.25% to Rs 13183.13 crore in the quarter ended March 2025 as against Rs 13486.96 crore during the previous quarter ended March 2024. For the full year,net profit declined 52.65% to Rs 2812.13 crore in the year ended March 2025 as against Rs 5938.42 crore during the previous year ended March 2024. Sales declined 0.52% to Rs 49764.97 crore in the year ended March 2025 as against Rs 50026.76 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales13183.1313486.96 -2 49764.9750026.76 -1 OPM %17.1618.12 -19.0620.39 - PBDT1991.862158.42 -8 8340.559063.02 -8 PBT1301.261163.52 12 5573.006241.27 -11 NP-339.40935.37 PL 2812.135938.42 -53 Powered by Capital Market - Live

Jindal Steel & Power will hold a meeting of the Board of Directors of the Company on 30 April 2025.Powered by Capital Market - Live

Jindal Steel & Power Ltd rose 1.88% today to trade at Rs 923. The BSE Metal index is up 1.21% to quote at 29601.76. The index is down 5.07 % over last one month. Among the other constituents of the index, Jindal Stainless Ltd increased 1.85% and Tata Steel Ltd added 1.76% on the day. The BSE Metal index went down 2.37 % over last one year compared to the 7.81% surge in benchmark SENSEX. Jindal Steel & Power Ltd has added 0.9% over last one month compared to 5.07% fall in BSE Metal index and 3.25% rise in the SENSEX. On the BSE, 9491 shares were traded in the counter so far compared with average daily volumes of 46357 shares in the past one month. The stock hit a record high of Rs 1097.1 on 21 Jun 2024. The stock hit a 52-week low of Rs 723.95 on 31 Jan 2025.Powered by Capital Market - Live

Jindal Steel & Power, through its wholly owned subsidiary, Jindal Steel Odisha (JSO), has acquired shareholding in Allied Strips for a cash consideration of Rs 217.53 crore. Consequently, Allied Strips (ASL) has become a subsidiary of the Company. The acquisition of ASL will help JSO expand its product portfolio and provide significant synergies with the existing steel manufacturing business (steel produced in JSO can be used as a raw material in ASL). Incorporated in August 1992, ASL specializes in the manufacturing and supply of steel products. The company produces a variety of steel items, including hot rolled coils, cold rolled coils, Cold Rolled Close Annealed (CRCA) steel, serving diverse sectors, including automotive, white goods, precision tubes etc. The company currently has a capacity to process over 3,00,000 metric tonne of HR coil per annum.Powered by Capital Market - Live