Latest Jindal Steel Power News
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The Economic Times
Buy Jindal Steel & Power, target price Rs 1240: ICICI Securities
Jindal Steel & Power Ltd. key Products/Revenue Segments include Iron & Steel Items, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2024.
Mint
Jindal Steel & Power stock breaks downtrend, jumps 11% in Sep after 3-month slump. More gains ahead?
Jindal Steel & Power shares rose 11% to 1,051.95 in September, ending a three-month slump. Analysts predict continued growth, with potential to hit a new record high. Despite recent corrections, the stock has surged 1,000% since April 2020.
Business Standard
Jindal Steel & Power Ltd up for third straight session
Jindal Steel & Power Ltd is quoting at Rs 984.6, up 1.83% on the day as on 12:49 IST on the NSE. The stock is up 42.32% in last one year as compared to a 24.46% spurt in NIFTY and a 31.38% spurt in the Nifty Metal index.
The Economic Times
Govt, steel companies to join hands for procuring coking coal abroad
The Indian government, in collaboration with the steel industry, aims to establish a unified "one nation, one buying coking-coal policy" to strengthen India's bargaining power over imported coking coal prices. Currently, individual steel manufacturers like SAIL and Jindal independently import coking coal, which limits their leverage with international miners. In FY23, India imported 56.04 million tonnes of coking coal worth ₹1.53 lakh crore, primarily from Australia and the US.
The Economic Times
Creative credits controversy erupts over Jindal Steel & Power's Cannes Lions winning campaign
A campaign by Jindal Steel & Power, titled 'The Steel of India,' won a silver and a bronze at the Cannes Lions International Festival of Creativity on June 18, sparking a controversy over creative credits. Wieden+Kennedy India claimed that they were unfairly excluded from credits despite their involvement in the campaign's creative ideation. The dispute began when W+K India approached the Delhi High Court in March 2024, alleging that JSP's campaign closely resembled their original concept presented to the company.
