Jindal Steel & Power Ltd. (JSPL) is a leading player in steel, power, oil, gas, mining, and infrastructure in India. It is a part of the diversified OP Jindal Group. It was incorporated in 1995 and is headquartered in New Delhi. Jindal Steel’s standalone net sales for the quarter ended March 2022 were Rs. 13,830.83 crore. The sales were up by 32.61% from March 2021. The company’s market capitalisation, as of 21 June 2022, was Rs. 33,346 crore.
JSPL’s share is listed on the Bombay Stock Exchange with the code 532286, and on the National Stock Exchange with the code JINDALSTEL. The company is also listed on the MCX Stock Exchange.
Jindal Tamnar Thermal Power Plant in Raigarh district, Chhattisgarh, is operated by Jindal Power Limited. The company is engaged in manufacturing and selling mild steel slabs, iron ore, hot rolled plates and coil, sponge iron, ferro chrome, mild steel, and coal-based sponge iron plant. The company excels in manufacturing 121 meters as rolled long track rails.
As of 31 March 2022, the company’s shareholding pattern indicated a 60.45% stake with promoters, 9.70% stake with foreign institutional investors, 17.34% stake with domestic institutional investors, and 12.51% stake with the public. The highest promoter stake of 18.5% belonged to OPJ Trading Private Limited. The promoter’s pledge was 39.98%.
Mr Naveen Jindal is the chairman of the company, Ms Savitri Jindal is the chairman emeritus, Mr V R Sharma is the managing director, Mr D K Saraogi is the whole-time director, and Mr Anil Wadhwa, Ms Aruna Sharma, Ms Kanika Agnihotri, Mr Sunjay Kapur, Ms Shivani Wazir Pasrich, and Mrs Shallu Jindal are the directors of the company. The auditors are Lodha & Co. On 31 March 2022, the company disclosed a total of 102.01 crore shares outstanding.
On 21 June 2022, Jindal Steel’s share price on BSE closed at Rs. 326.85. JSPL’s share price on NSE closed at Rs. 326.90. The 52-week high for JSPL’s share price was Rs. 577.80, and the 52-week low for Jindal Steel and Power’s share price was Rs. 308.25.
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Jindal Steel & Power share price as on 27 Jul 2024 is Rs. 972.35. Over the past 6 months, the Jindal Steel & Power share price has increased by 35.75% and in the last one year, it has increased by 46.28%. The 52-week low for Jindal Steel & Power share price was Rs. 581.6 and 52-week high was Rs. 1097.
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