JSPL registers Rs. 2,584 crore consolidated net profit in Q2 against Rs. 897 crore last year; steel giant reduces net debt

Notwithstanding sluggish domestic demand due to ongoing monsoons in the country, the JSPL reported robust growth in sales and production in Q2FY22. The JSPL’s sales volume surged 32% Q-o-Q and 10% Y-o-Y to hit a record of 2.13 million tonnes during the quarter. Q2FY22 also marked the first time that the steel giant’s steel sales … Read more

JSPL Foundation extends last date for the 4th edition of Rashtriya Swayamsiddh Samman nomination

Responding to the request from various individuals and organisations across the country, JSPL Foundation, the CSR arm of Jindal Steel & Power Ltd (JSPL), has extended the last date for nomination for the 4th Edition of its Rashtriya Swayamsiddh Samman – 2021 to 20 October 2021. Like the previous three editions, this Pan India initiative … Read more

JSPL reports highest ever quarterly steel sales

Notwithstanding sluggish domestic demand due to the ongoing monsoon in the country, the JSPL reported robust growth in sales and production in Q2FY22. The steel giant’s steel sales volume surged 32% Q-o-Q and 10% Y-o-Y to hit a record of 2.13 million tonnes during the quarter. In Q2FY22, the JSPL steel sales breached two million … Read more

Respite for JSPL as Chhattisgarh High Court puts fresh auction of Dantewada’s mine on hold

A recent order by the Chhattisgarh High Court has come as a huge relief for Jindal Steel and Power Limited, which had sought the judicial intervention to acquire the mining lease of an iron ore mine allotted to the steel giant in Dantewada’s Kamalur village. A division bench comprising Acting Chief Justice Prashant Kumar Mishra … Read more

JSPL upgrades rail inspection line with cutting edge automation technology

India’s first and only private sector rail producer, the JSPL, has upgraded its rails inspection line to ensure defect-free speciality rails for its customers like Indian Railway, Metro Rail Services across India, IRCON and other subsidiaries of Indian Railways. The JSPL said that the complete set of equipment for this line was equipped with 5th … Read more

JSPL prepays $105.66 million loan in its Australian entity in bid to become net debt free company by FY23

In its endeavour to completely pay off its overseas debt, the JSPL through its step-down subsidiary, Jindal Steel & Power (Australia) Pty Ltd, has made a pre-payment of $ 105.66 million (approx. Rs. 777.4 cr). According to the steel giant, the prepayment has helped reduce the Australian debt by approx. 50%. The company’s Net Debt/EBITDA … Read more

JSPL to launch transparent competitive bidding process for JPL divestment

The JSPL has decided to launch an additional transparent competitive bidding process for the proposed stake sale of the JPL. After various rounds of discussions and negotiations, the JSPL and its transaction advisors have successfully negotiated a revised and improved binding offer (“Revised Offer”) from Worldone accommodating all of the investor feedback received by the … Read more

With aim to becoming net debt free, JSPL makes prepayment of Rs. 2,462 crore to lenders

The JSPL on Monday announced that it had made a prepayment of Rs. 2,462 crore to its term lenders. The company said that this was in continuation of its long-stated financial strategy of debt reduction and building a ‘robust balance sheet with the optimum capital mix.’ The steel giant’s production stood at 7.51 million tonnes … Read more

JSPL aims to vaccinate all its 28,000 employees, says CHRO Pankaj Lochan

Jindal Steel and Power Limited, also known as the JSPL, has said that it was in the process of vaccinating all its 28000 employees. JSPL’s CHRO Pankaj Lochan said that 8,400 employees had already been inoculated with the first dose. “JSPL has tied up with various state governments for vaccination of its employees. There is … Read more

Naveen Jindal-led JSPL beats pandemic blues to post highest ever production, sales in FY 21

Naveen Jindal-led Jindal Steel and Power Limited (JSPL) has ended the fiscal year on a strong note with sales hitting a new record of 786,000 tonnes in Mar’21 (up 61% y-o-y). The company said that a combination of robust domestic demand coupled with attractive export markets (accounting for 38% of sales) and a wide range … Read more

Another honour for JSPL as TRB Mines wins Kalinga Safety Excellence award

Naveen Jindal-led Jindal Steel and Power Ltd (JSPL) has bagged the prestigious Kalinga Safety Excellence Award-2019 in Gold category for its TRB Iron Ore Mines in Tensa of Sundergarh district. The award was given by Odisha State Assembly Speaker Surya Narayan Patro at the Odisha State Safety Conclave-2020 held in Bhubaneswar for exemplary efforts in … Read more

“Motivation around writing this book-set was to simplify concepts of problem-solving”: Pankaj Lochan on his management books

In the last two decades, with Organizational Quality coming to the forefront of businesses and the awareness of TQM getting a radical push in organizations, there is a need to satisfy this appetite for knowing about Quality Management methods and analytical tools to improve quality. Amongst many publications on TQM in the market, there is … Read more

Jindal Power Limited appoints mining industry veteran Anil Kumar Jha as Chairman; Naveen Jindal says ‘welcome to JPL family’

Mining industry veteran and former chairman of India’s iconic public sector enterprise, Coal India Limited, Anil Kumar Jha has been appointed as the new chairman of Jindal Power Limited, a subsidiary of Naveen Jindal-led Jindal Steel & Power Limited. Reacting to Jha’s appointment, JSPL Chairman Naveen Jindal said, “We welcome Shri. Anil Kumar Jha to … Read more

Naveen Jindal-led JSPL continues to post impressive growth numbers in production and sales; growth numbers reflect robust domestic demand

After displaying resilience in the first nine months of FY21, Naveen Jindal-led JSPL continued to gain momentum as we enter a new decade. The JSPL’s monthly production increased y-o-y in January 2021 to 6.9 lakh tonnes. Higher production also helped the JSPL post a solid growth y-o-y in shipments to 5.8 lakh tonnes. Shipments were … Read more

कोरोना काल में जरूरतमंदों की मदद करने के लिए नवीन जिंदल की अगुवाई वाली JSPL को मिला महात्मा अवार्ड

कोरोना वायरस (कोविड-19) महामारी काल में गरीबों और जरूरतमंदों की मानवीय मदद करने के लिए जाने-माने उद्योगपति नवीन जिन्दल के नेतृत्व वाली कंपनी जिन्दल स्टील एंड पावर लिमिटेड (जेएसपीएल) को महात्मा अवार्ड प्रदान किया गया है। सम्मान ग्रहण करने के उपरांत जेएसपीएल के सामाजिक दायित्वों का निर्वहन कर रहे जेएसपीएल फाउंडेशन की चेयरपर्सन शालू जिन्दल … Read more