said the quarter ended June saw a contrasting global phenomenon in steel, marked by a gradual decline in steel prices against rising iron ore.
However, in the past one year, the market value of JSPL
has fallen 43 per cent and the share price stood at around Rs 75 at the end of September 2016.
said that the deal, to be completed by mid- 2018, would help it meet its liabilities while JSW will gain a foothold in coal- rich eastern India through the acquisition of the power plant, located in Chhattisgarh.
When asked about mutual fund investments in debt papers of Amtek Auto and JSPL
, Raman said: "This (Amtek Auto issue) is a matter which has been in focus for the last six months or so.
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 immediate impact of the cancellation of the 40 blocks will be felt by a clutch of companies, including JSPL
is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure.
Following the commissioning of the facility, JSPL
's steel making capacity now stands at 7 mtpa, making it among the top five Indian steel firms, reported the Business Standard.
15 January 2014 - 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, the Livemint portal reported citing two sources.
M2 EQUITYBITES-January 15, 2014-JSW, JSPL
, Birla likely to make joint bid for Stemcor's Indian unit - report
Oman is looking forward to the commissioning this month of Jindal Steel and Power Ltd (JSPL
)'s steel plant designed to have capacity of two million tonnes annually in Sohar, Northern Oman.