Prior to joining JSIS, he was executive director in charge of JSPL
, Raigarh as well as a whole time director of JSPL
In related JSPL
news, media outlets in India reported August 23 that the company has hired asset advisory firm Capital Optima to potentially restructure some of its $550 million in loans and examine the possible sale of its cash-positive assets.
The Jindals once competed to buy foreign assets, but JSPL
is now struggling after the Supreme Court cancelled its coal mining licences and the sharp decline in steel prices hit margins.
JSW Steel shares fell 2% to close at Rs 878, while JSPL
shares fell 6% to close at Rs 77 in a weak Mumbai market on Wednesday.
The worst-hit is JSPL
as it has the largest number of operational captive mines, which produce 12 mt coal every year.
Indian steelmaker JSW Steel Ltd (BOM:500228), Jindal Steel & Power Ltd (BOM:532286), or JSPL
, and Essel Mining and Industries Ltd, a unit of Aditya Birla Group, may submit a joint bid for the Indian activities of UK-based steel trader Stemcor Holdings Ltd.
has said that after commissioning of the steel melting shop, it will invest in additional facilities to make bars, rods and long products.
Amidst dramatic scenes when a family of an RTI activist from Raigarh in Chhattisgarh shouted slogans against him, JSPL
Chairman and Congress MP Naveen Jindal said the Zee executives demanded Rs.
signed its contract with the government of Bolivia in 2007 for a project that would include iron ore mining, a 10-million-mt/y pelletization plant, a 6-million-mt/y direct reduced iron (DRI) plant, and a 1.
Organizations as JSPL
, BALCO (Sterlite) (Private Sector) and SECL, NMDC (Public Sector) were assigned grade B.
The government has announced that Indian firm JSPL
Mozambique Minerals had discovered 1.
Cairn, Axis Bank, IDFC, DLF, JSPL
, Sterlite, HUL and ACC were other losers in trade.