Jindal Stainless Share Price
Jindal Stainless Ltd.
Performance of Jindal Stainless Shares 
Open Price
Prev. Close
Volume
Value
Fundamentals of Jindal Stainless Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 23978.42 Cr |
6.36 |
2.16 |
35.25 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
41.68 % |
31.86 |
0.00 % |
70.71 |
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What is the Market Cap of Jindal Stainless Ltd. shares?
As of 27 Mar`23 the Market Cap of Jindal Stainless Ltd. is 23978.42.
What is the PE and PB ratio of Jindal Stainless Ltd. stock?
As of 27 Mar`23 the PE is 6.36 and PB is 2.16.
Jindal Stainless - Quaterly Results
Publish Date: 02/11/2022
The September 2022 quarter revenue stood at Rs. 54424.40 millions, up 13.03% as compared to Rs. 48149.90 millions during the corresponding quarter last year.A big decline of -47.82% was reported for the quarter ended September 2022 to Rs. 1892.10 millions from Rs. 3626.30 millions of corresponding previous quarter.Operating Profit reported a sharp decline to 4284.80 millions from 7251.30 millions in the corresponding previous quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 54424.40 | 48149.90 | 13.03 | 107788.50 | 86562.60 | 24.52 | 203119.40 | 116791.40 | 73.92 |
| Other Income | 173.20 | 145.50 | 19.04 | 337.10 | 241.70 | 39.47 | 537.10 | 423.00 | 26.97 |
| PBIDT | 4284.80 | 7251.30 | -40.91 | 9681.30 | 13145.80 | -26.35 | 28445.00 | 14381.50 | 97.79 |
| Interest | 794.80 | 787.10 | 0.98 | 1468.30 | 1598.20 | -8.13 | 3168.50 | 4637.00 | -31.67 |
| PBDT | 3490.00 | 6464.20 | -46.01 | 8213.00 | 11547.60 | -28.88 | 25276.50 | 10738.40 | 135.38 |
| Depreciation | 908.40 | 892.00 | 1.84 | 1799.60 | 1799.20 | 0.02 | 3575.90 | 3734.20 | -4.24 |
| PBT | 2581.60 | 5572.20 | -53.67 | 6413.40 | 9748.40 | -34.21 | 21700.60 | 7004.20 | 209.82 |
| TAX | 689.50 | 1945.90 | -64.57 | 1653.90 | 3407.90 | -51.47 | 4956.10 | 2725.00 | 81.88 |
| Deferred Tax | -12.70 | 639.50 | -101.99 | -224.60 | 2101.50 | -110.69 | 3274.90 | 2725.00 | 20.18 |
| PAT | 1892.10 | 3626.30 | -47.82 | 4759.50 | 6340.50 | -24.93 | 16744.50 | 4279.20 | 291.30 |
| Equity | 1051.00 | 1008.50 | 4.21 | 1051.00 | 1008.50 | 4.21 | 1051.00 | 974.50 | 7.85 |
| PBIDTM(%) | 7.87 | 15.06 | -47.72 | 8.98 | 15.19 | -40.86 | 14.00 | 12.31 | 13.73 |
Jindal Stainless - Quaterly Results
Publish Date: 02/11/2022
The Revenue for the quarter ended September 2022 of Rs. 54424.40 millions grew by 13.03 % from Rs. 48149.90 millions.The Company to register a -47.82% fall in the net profit for the quarter ended September 2022.Operating profit for the quarter ended September 2022 decreased to 4284.80 millions as compared to 7251.30 millions of corresponding quarter ended September 2021.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 54424.40 | 48149.90 | 13.03 | 107788.50 | 86562.60 | 24.52 | 203119.40 | 116791.40 | 73.92 |
| Other Income | 173.20 | 145.50 | 19.04 | 337.10 | 241.70 | 39.47 | 537.10 | 423.00 | 26.97 |
| PBIDT | 4284.80 | 7251.30 | -40.91 | 9681.30 | 13145.80 | -26.35 | 28445.00 | 14381.50 | 97.79 |
| Interest | 794.80 | 787.10 | 0.98 | 1468.30 | 1598.20 | -8.13 | 3168.50 | 4637.00 | -31.67 |
| PBDT | 3490.00 | 6464.20 | -46.01 | 8213.00 | 11547.60 | -28.88 | 25276.50 | 10738.40 | 135.38 |
| Depreciation | 908.40 | 892.00 | 1.84 | 1799.60 | 1799.20 | 0.02 | 3575.90 | 3734.20 | -4.24 |
| PBT | 2581.60 | 5572.20 | -53.67 | 6413.40 | 9748.40 | -34.21 | 21700.60 | 7004.20 | 209.82 |
| TAX | 689.50 | 1945.90 | -64.57 | 1653.90 | 3407.90 | -51.47 | 4956.10 | 2725.00 | 81.88 |
| Deferred Tax | -12.70 | 639.50 | -101.99 | -224.60 | 2101.50 | -110.69 | 3274.90 | 2725.00 | 20.18 |
| PAT | 1892.10 | 3626.30 | -47.82 | 4759.50 | 6340.50 | -24.93 | 16744.50 | 4279.20 | 291.30 |
| Equity | 1051.00 | 1008.50 | 4.21 | 1051.00 | 1008.50 | 4.21 | 1051.00 | 974.50 | 7.85 |
| PBIDTM(%) | 7.87 | 15.06 | -47.72 | 8.98 | 15.19 | -40.86 | 14.00 | 12.31 | 13.73 |
Jindal Stainless - Quaterly Results
Publish Date: 23/01/2023
The company witnessed a 15.87% growth in the revenue at Rs. 62206.10 millions for the quarter ended December 2022 as compared to Rs. 53684.70 millions during the year-ago period.Net profit declined -5.54% to Rs. 3512.20 millions from Rs. 3718.20 millions.A decline of 6446.30 millions was observed in the OP in the quarter ended December 2022 from 7516.00 millions on QoQ basis.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 62206.10 | 53684.70 | 15.87 | 169994.60 | 140247.30 | 21.21 | 203119.40 | 116791.40 | 73.92 |
| Other Income | 223.00 | 123.60 | 80.42 | 560.10 | 365.30 | 53.33 | 537.10 | 423.00 | 26.97 |
| PBIDT | 6446.30 | 7516.00 | -14.23 | 16127.60 | 20661.80 | -21.94 | 28445.00 | 14381.50 | 97.79 |
| Interest | 755.80 | 886.20 | -14.71 | 2224.10 | 2484.40 | -10.48 | 3168.50 | 4637.00 | -31.67 |
| PBDT | 5690.50 | 6629.80 | -14.17 | 13903.50 | 18177.40 | -23.51 | 25276.50 | 10738.40 | 135.38 |
| Depreciation | 917.50 | 896.00 | 2.40 | 2717.10 | 2695.20 | 0.81 | 3575.90 | 3734.20 | -4.24 |
| PBT | 4773.00 | 5733.80 | -16.76 | 11186.40 | 15482.20 | -27.75 | 21700.60 | 7004.20 | 209.82 |
| TAX | 1260.80 | 2015.60 | -37.45 | 2914.70 | 5423.50 | -46.26 | 4956.10 | 2725.00 | 81.88 |
| Deferred Tax | 41.80 | 1015.20 | -95.88 | -182.80 | 3116.70 | -105.87 | 3274.90 | 2725.00 | 20.18 |
| PAT | 3512.20 | 3718.20 | -5.54 | 8271.70 | 10058.70 | -17.77 | 16744.50 | 4279.20 | 291.30 |
| Equity | 1051.00 | 1008.50 | 4.21 | 1051.00 | 1008.50 | 4.21 | 1051.00 | 974.50 | 7.85 |
| PBIDTM(%) | 10.36 | 14.00 | -25.98 | 9.49 | 14.73 | -35.60 | 14.00 | 12.31 | 13.73 |
Jindal Stainless - Quaterly Results
Publish Date: 23/01/2023
The company witnessed a 15.87% growth in the revenue at Rs. 62206.10 millions for the quarter ended December 2022 as compared to Rs. 53684.70 millions during the year-ago period.Net profit declined -5.54% to Rs. 3512.20 millions from Rs. 3718.20 millions.A decline of 6446.30 millions was observed in the OP in the quarter ended December 2022 from 7516.00 millions on QoQ basis.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 62206.10 | 53684.70 | 15.87 | 169994.60 | 140247.30 | 21.21 | 203119.40 | 116791.40 | 73.92 |
| Other Income | 223.00 | 123.60 | 80.42 | 560.10 | 365.30 | 53.33 | 537.10 | 423.00 | 26.97 |
| PBIDT | 6446.30 | 7516.00 | -14.23 | 16127.60 | 20661.80 | -21.94 | 28445.00 | 14381.50 | 97.79 |
| Interest | 755.80 | 886.20 | -14.71 | 2224.10 | 2484.40 | -10.48 | 3168.50 | 4637.00 | -31.67 |
| PBDT | 5690.50 | 6629.80 | -14.17 | 13903.50 | 18177.40 | -23.51 | 25276.50 | 10738.40 | 135.38 |
| Depreciation | 917.50 | 896.00 | 2.40 | 2717.10 | 2695.20 | 0.81 | 3575.90 | 3734.20 | -4.24 |
| PBT | 4773.00 | 5733.80 | -16.76 | 11186.40 | 15482.20 | -27.75 | 21700.60 | 7004.20 | 209.82 |
| TAX | 1260.80 | 2015.60 | -37.45 | 2914.70 | 5423.50 | -46.26 | 4956.10 | 2725.00 | 81.88 |
| Deferred Tax | 41.80 | 1015.20 | -95.88 | -182.80 | 3116.70 | -105.87 | 3274.90 | 2725.00 | 20.18 |
| PAT | 3512.20 | 3718.20 | -5.54 | 8271.70 | 10058.70 | -17.77 | 16744.50 | 4279.20 | 291.30 |
| Equity | 1051.00 | 1008.50 | 4.21 | 1051.00 | 1008.50 | 4.21 | 1051.00 | 974.50 | 7.85 |
| PBIDTM(%) | 10.36 | 14.00 | -25.98 | 9.49 | 14.73 | -35.60 | 14.00 | 12.31 | 13.73 |
Jindal Stainless - Quaterly Results
Publish Date: 23/01/2023
The company witnessed a 15.87% growth in the revenue at Rs. 62206.10 millions for the quarter ended December 2022 as compared to Rs. 53684.70 millions during the year-ago period.Net profit declined -5.54% to Rs. 3512.20 millions from Rs. 3718.20 millions.A decline of 6446.30 millions was observed in the OP in the quarter ended December 2022 from 7516.00 millions on QoQ basis.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 62206.10 | 53684.70 | 15.87 | 169994.60 | 140247.30 | 21.21 | 203119.40 | 116791.40 | 73.92 |
| Other Income | 223.00 | 123.60 | 80.42 | 560.10 | 365.30 | 53.33 | 537.10 | 423.00 | 26.97 |
| PBIDT | 6446.30 | 7516.00 | -14.23 | 16127.60 | 20661.80 | -21.94 | 28445.00 | 14381.50 | 97.79 |
| Interest | 755.80 | 886.20 | -14.71 | 2224.10 | 2484.40 | -10.48 | 3168.50 | 4637.00 | -31.67 |
| PBDT | 5690.50 | 6629.80 | -14.17 | 13903.50 | 18177.40 | -23.51 | 25276.50 | 10738.40 | 135.38 |
| Depreciation | 917.50 | 896.00 | 2.40 | 2717.10 | 2695.20 | 0.81 | 3575.90 | 3734.20 | -4.24 |
| PBT | 4773.00 | 5733.80 | -16.76 | 11186.40 | 15482.20 | -27.75 | 21700.60 | 7004.20 | 209.82 |
| TAX | 1260.80 | 2015.60 | -37.45 | 2914.70 | 5423.50 | -46.26 | 4956.10 | 2725.00 | 81.88 |
| Deferred Tax | 41.80 | 1015.20 | -95.88 | -182.80 | 3116.70 | -105.87 | 3274.90 | 2725.00 | 20.18 |
| PAT | 3512.20 | 3718.20 | -5.54 | 8271.70 | 10058.70 | -17.77 | 16744.50 | 4279.20 | 291.30 |
| Equity | 1051.00 | 1008.50 | 4.21 | 1051.00 | 1008.50 | 4.21 | 1051.00 | 974.50 | 7.85 |
| PBIDTM(%) | 10.36 | 14.00 | -25.98 | 9.49 | 14.73 | -35.60 | 14.00 | 12.31 | 13.73 |
Jindal Stainless rises despite reporting 63% fall in Q2 consolidated net profit
Publish Date: 03/11/2022
Total consolidated income of the company increased by 11.52% at Rs 5621.97 crore for Q2FY23
Jindal Stainless is currently trading at Rs. 149.00, up by 1.85 points or 1.26% from its previous closing of Rs. 147.15 on the BSE.
The scrip opened at Rs. 142.85 and has touched a high and low of Rs. 151.00 and Rs. 141.00 respectively. So far 339992 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 95.05 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 151.95 and Rs. 137.15 respectively. The current market cap of the company is Rs. 7824.63 crore.
The promoters holding in the company stood at 70.10%, while Institutions and Non-Institutions held 19.19% and 10.54% respectively.
Jindal Stainless has reported results for second quarter ended September 30, 2022. The company has reported a fall of 47.82% in its net profit at Rs 189.21 crore for the quarter under review as compared to Rs 362.63 crore for the same quarter in the previous year. However, total income of the company increased by 13.05% at Rs 5459.76 crore for Q2FY23 as compared Rs 4829.54 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 63.11% in its net profit at Rs 151.84 crore for the quarter under review as compared to Rs 411.62 crore for the same quarter in the previous year. However, total income of the company increased by 11.52% at Rs 5621.97 crore for Q2FY23 as compared Rs 5041.26 crore for the corresponding quarter previous year.
Jindal Stainless jumps on signing contract with ReNew Power to setup renewable energy project
Publish Date: 06/12/2022
The Project will generate 700 million units per year through a mix of solar and wind technologies
Jindal Stainless is currently trading at Rs. 180.85, up by 1.75 points or 0.98% from its previous closing of Rs. 179.10 on the BSE.
The scrip opened at Rs. 178.35 and has touched a high and low of Rs. 184.10 and Rs. 177.85 respectively. So far 2131135 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 95.05 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 184.10 and Rs. 170.40 respectively. The current market cap of the company is Rs. 9521.98 crore.
The promoters holding in the company stood at 70.10%, while Institutions and Non-Institutions held 19.19% and 10.54% respectively.
Jindal Stainless has inked contract with ReNew Power to develop a utility-scale captive renewable energy project for the supply of power to its facility in Jajpur, Odisha. The Project will generate 700 million units per year through a mix of solar and wind technologies. This innovative Wind-Solar hybrid solution, with a high-Capacity Utilization Factor, is expected to generate a significantly higher amount of energy per unit of the contracted capacity. With this, ReNew Power also brings its Round the Clock (RTC) solution to the B2B space, which it pioneered for Utilities earlier last year.
Moreover, a partnership with the largest renewable player also brings in the requisite execution certainty for Jindal Stainless, which is of paramount importance for a project of this scale.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Jindal Stainless informs about corporate presentation
Publish Date: 06/12/2022
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Jindal Stainless has informed that it enclosed the Corporate Presentation of the Company. The same is also being uploaded on the website of the Company- www.jslstainless.com.
The above information is a part of company’s filings submitted to BSE.
Jindal Stainless informs about disclosure
Publish Date: 21/12/2022
Jindal Stainless has informed that the exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JSL Overseas Holdings & PACs.
The above information is a part of company’s filings submitted to BSE.
Jindal Stainless informs about update
Publish Date: 23/12/2022
Jindal Stainless has informed that the Hon'ble National Company Law Tribunal, Chandigarh Bench (Hon'ble NCLT) while hearing the Composite Scheme of Arrangement, providing for merger of Jindal Stainless (Hisar) with Jindal Stainless, has on 22nd December, 2022, confirmed that there were no objections to the Scheme, pending from any person, including the sectoral regulators. The Company is awaiting the order of the Hon'ble NCLT disposing off the petition. This disclosure is being made in terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
Jindal Stainless informs about investor conferences
Publish Date: 07/02/2023
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), Jindal Stainless has informed that the company shall be participating at the investor conferences in Mumbai. In this regard, it has enclosed the details of the conferences. The schedule may undergo a change due to exigencies on the part of investors/ Company. Furthermore, pursuant to Regulation 30 of SEBI Listing Regulations it has enclosed the Corporate Presentation of the Company. The same is also being uploaded on the website of the Company- www.jslstainless.com.
The above information is a part of company’s filings submitted to BSE.
Jindal Stainless jumps on partnering with CII
Publish Date: 28/02/2023
The partnership is to create awareness on corrosion
Jindal Stainless is currently trading at Rs. 260.80, up by 4.90 points or 1.91% from its previous closing of Rs. 255.90 on the BSE.
The scrip opened at Rs. 256.65 and has touched a high and low of Rs. 261.70 and Rs. 256.65 respectively. So far 38321 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 275.00 on 22-Feb-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 275.00 and Rs. 242.70 respectively. The current market cap of the company is Rs. 13655.00 crore.
The promoters holding in the company stood at 70.10%, while Institutions and Non-Institutions held 20.26% and 9.46% respectively.
Jindal Stainless (JSL) has partnered with Industry body the Confederation of Indian Industry (CII) to create awareness on corrosion and scale up its management activities to cut down losses estimated to be worth lakhs of crores of rupees in the country.
CII and JSL signed a memorandum of understanding which focuses on inviting suggestions on improvements specific to stainless steel use, scaling up corrosion management activities in India and abroad, promoting technology to manage corrosion, and providing short-term and long-term courses for industry professionals for the right material selection.
It also involves conducting workshops, organizing summits on corrosion, identifying global practices in corrosion management, suggesting potential solutions to minimize corrosion-related losses, etc.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Jindal Stainless climbs on planning to invest Rs 120 crore to set up two solar projects
Publish Date: 08/03/2023
Both the projects are scheduled to be completed by March 2024
Jindal Stainless is currently trading at Rs. 316.60, up by 17.15 points or 5.73% from its previous closing of Rs. 299.45 on the BSE.
The scrip opened at Rs. 301.00 and has touched a high and low of Rs. 318.80 and Rs. 296.50 respectively. So far 181977 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 318.80 on 08-Mar-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 318.80 and Rs. 267.50 respectively. The current market cap of the company is Rs. 16258.83 crore.
The promoters holding in the company stood at 70.10%, while Institutions and Non-Institutions held 20.26% and 9.46% respectively.
Jindal Stainless (JSL) is planning to invest Rs 120 crore to set up rooftop solar capacities at its Jajpur and Hisar facilities. While a project of 21 megawatt peak (MWp) will be set up in Jajpur, another 6 MWp rooftop solar capacity will be installed at company's unit in Hisar. Both the projects are scheduled to be completed by March 2024 and the energy generated will be for captive usage.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Jindal Stainless trades higher on the BSE
Publish Date: 14/03/2023
The company is eyeing to commence operation of hybrid project in next 18 months
Jindal Stainless is currently trading at Rs. 312.60, up by 3.40 points or 1.10% from its previous closing of Rs. 309.20 on the BSE.
The scrip opened at Rs. 308.00 and has touched a high and low of Rs. 317.00 and Rs. 306.55 respectively. So far 114093 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 329.00 on 08-Mar-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 329.00 and Rs. 296.50 respectively. The current market cap of the company is Rs. 32719.65 crore.
The promoters holding in the company stood at 70.10%, while Institutions and Non-Institutions held 20.26% and 9.46% respectively.
Jindal Stainless (JSL) is eyeing to commence operation of its 300 MW hybrid project in partnership with ReNew in the next 18 months. In December 2022, Jindal Stainless partnered with ReNew to develop the proposed 300 MW hybrid energy project.
JSL is also in process of investing Rs 120 crore to set up a 21 MW rooftop solar capacity at its Jajpur unit and another 6 MW in the Hisar facility. The energy generated from the solar, wind and hydrogen units will be used in various processes of stainless steel-making plants.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Board Meeting
Publish Date: 23/01/2023
Quarterly Results
Board Meeting
Publish Date: 23/09/2022
Inter alia, to consider the proposal to raise funds by way of issue of debt securities including secured or unsecured non-convertible redeemable debentures (listed/unlisted), through private placement
Board Meeting
Publish Date: 02/05/2022
Audited Results
Board Meeting
Publish Date: 07/02/2022
Quarterly Results Inter alia, the Board shall also consider the proposal to raise funds by way of issue of debt securities including secured or unsecured non-convertible redeemable debentures or bonds (listed/unlisted) or any combination thereof, through private placement or any other method in the domestic I international market as may be permitted under the applicable law(s). These funds will be used to refinance/redeem/repay existing financing arrangements, finance capital expenditure and/or for general corporate purposes including financing of long term working capital and augmentation of cash flows of the Company.
Board Meeting
Publish Date: 26/10/2021
Quarterly Results
Board Meeting
Publish Date: 26/07/2021
Quarterly Results
Board Meeting
Publish Date: 14/05/2021
Audited Results
Board Meeting
Publish Date: 04/02/2021
Quarterly Results
Board Meeting
Publish Date: 29/12/2020
Scheme of Arrangement Inter alia, to consider and review the recommendation(s) of the Committee of Board constituted on 30th October, 2020 to explore / evaluate various options of reorganization / consolidation of stainless steel businesses of the Co and of other group entities by way of scheme of arrangement or otherwise.
Board Meeting
Publish Date: 30/10/2020
Quarterly Results
Jindal Stainless wins ‘Emerging Steel Company of the Year’ award
Publish Date: 29/08/2022
The company has won the award at the India Steel Conference 2022 and Steel Users Federation of India Steel Awards 2021
Jindal Stainless has won the ‘Emerging Steel Company of the Year’ award at the India Steel Conference 2022 and Steel Users Federation of India (SUFI) Steel Awards 2021 organised in association with the Bombay Stock Exchange (BSE).
The company has emphasized on the importance of stainless steel as a key sustainable raw material for several critical projects of national importance, and long-lasting and eco-friendly material for modern-day home and industrial solutions. The company is working towards developing a self-sustainable ecosystem for the domestic stainless steel industry, while training young professionals and tapping into newer applications for stainless steel.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Jindal Stainless taking host of measures to reduce carbon emissions
Publish Date: 12/09/2022
In the renewable energy space, JSL is looking for partners to set up 300 MW solar and wind capacities
Jindal Stainless (JSL) is taking a host of measures to reduce carbon emissions of its present and planned capacities, which includes setting up renewable energy capacities. During FY22, JSL reduced its carbon emissions by 3,100 metric tonnes and initiated a switch from a thermal energy-intensive manufacturing setup to renewable energy alternatives such as solar and wind power.
In the renewable energy space, JSL is looking for partners to set up 300 MW solar and wind capacities in states like Odisha, Haryana and Rajasthan. The talks with a few players are already underway. The investment will be through joint venture/ventures which will be formed post finalisation of the keen parties.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Jindal Stainless signs agreement with Yantra India
Publish Date: 21/10/2022
The move is in line with the government's push for the public-private partnership to serve Indian armed forces
Jindal Stainless (JSL) has signed an agreement with state-owned Yantra India for engineering, development and manufacturing of defence products with their respective capabilities. The move is in line with the government's push for the public-private partnership to serve Indian armed forces.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Jindal Stainless reports 63% fall in Q2 consolidated net profit
Publish Date: 03/11/2022
Total consolidated income of the company increased by 11.52% at Rs 5621.97 crore for Q2FY23
Jindal Stainless has reported results for second quarter ended September 30, 2022.
The company has reported a fall of 47.82% in its net profit at Rs 189.21 crore for the quarter under review as compared to Rs 362.63 crore for the same quarter in the previous year. However, total income of the company increased by 13.05% at Rs 5459.76 crore for Q2FY23 as compared Rs 4829.54 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 63.11% in its net profit at Rs 151.84 crore for the quarter under review as compared to Rs 411.62 crore for the same quarter in the previous year. However, total income of the company increased by 11.52% at Rs 5621.97 crore for Q2FY23 as compared Rs 5041.26 crore for the corresponding quarter previous year.
Jindal Stainless signs contract with ReNew Power to setup renewable energy project
Publish Date: 05/12/2022
The Project will generate 700 million units per year through a mix of solar and wind technologies
Jindal Stainless has inked contract with ReNew Power to develop a utility-scale captive renewable energy project for the supply of power to its facility in Jajpur, Odisha. The Project will generate 700 million units per year through a mix of solar and wind technologies. This innovative Wind-Solar hybrid solution, with a high-Capacity Utilization Factor, is expected to generate a significantly higher amount of energy per unit of the contracted capacity. With this, ReNew Power also brings its Round the Clock (RTC) solution to the B2B space, which it pioneered for Utilities earlier last year.
Moreover, a partnership with the largest renewable player also brings in the requisite execution certainty for Jindal Stainless, which is of paramount importance for a project of this scale.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Jindal Stainless reports 32% fall in Q3 consolidated net profit
Publish Date: 23/01/2023
Total consolidated income of the company increased by 12.13% to Rs 6371.79 crore for Q3FY23
Jindal Stainless has reported results for third quarter ended December 31, 2022.
The company has reported fall of 5.54% in its net profit at Rs 351.22 crore for Q3FY23 as compared to Rs 371.82 crore for the corresponding quarter previous year. However, total income of the company increased by 16.02% to Rs 6,242.91 crore for the quarter under review as compared to Rs 5380.83 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported fall of 32.42% in its net profit at Rs 298.56 crore for Q3FY23 as compared to Rs 441.78 crore for the same quarter in the previous year. However, total income of the company increased by 12.13% to Rs 6371.79 crore for the quarter under review as compared to Rs 5682.37 crore for the same quarter in the previous year.
Jindal Stainless partners with CII
Publish Date: 28/02/2023
The partnership is to create awareness on corrosion
Jindal Stainless (JSL) has partnered with Industry body the Confederation of Indian Industry (CII) to create awareness on corrosion and scale up its management activities to cut down losses estimated to be worth lakhs of crores of rupees in the country.
CII and JSL signed a memorandum of understanding which focuses on inviting suggestions on improvements specific to stainless steel use, scaling up corrosion management activities in India and abroad, promoting technology to manage corrosion, and providing short-term and long-term courses for industry professionals for the right material selection.
It also involves conducting workshops, organizing summits on corrosion, identifying global practices in corrosion management, suggesting potential solutions to minimize corrosion-related losses, etc.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Jindal Stainless planning to invest Rs 120 crore to set up two solar projects
Publish Date: 08/03/2023
Both the projects are scheduled to be completed by March 2024
Jindal Stainless (JSL) is planning to invest Rs 120 crore to set up rooftop solar capacities at its Jajpur and Hisar facilities. While a project of 21 megawatt peak (MWp) will be set up in Jajpur, another 6 MWp rooftop solar capacity will be installed at company's unit in Hisar. Both the projects are scheduled to be completed by March 2024 and the energy generated will be for captive usage.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
Jindal Stainless eyeing to commence operation of hybrid project in next 18 months
Publish Date: 13/03/2023
In December 2022, Jindal Stainless partnered with ReNew to develop the proposed 300 MW hybrid energy project
Jindal Stainless (JSL) is eyeing to commence operation of its 300 MW hybrid project in partnership with ReNew in the next 18 months. In December 2022, Jindal Stainless partnered with ReNew to develop the proposed 300 MW hybrid energy project.
JSL is also in process of investing Rs 120 crore to set up a 21 MW rooftop solar capacity at its Jajpur unit and another 6 MW in the Hisar facility. The energy generated from the solar, wind and hydrogen units will be used in various processes of stainless steel-making plants.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
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