Net profit of Jindal Steel & Power rose 271.78% to Rs 1928.32 crore in the quarter ended December 2023 as against Rs 518.67 crore during the previous quarter ended December 2022. Sales declined 6.03% to Rs 11701.32 crore in the quarter ended December 2023 as against Rs 12452.44 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales11701.3212452.44 -6 OPM %24.2919.09 - PBDT2562.622048.37 25 PBT1926.951440.72 34 NP1928.32518.67 272 Powered by Capital Market - Live News

Jindal Steel & Power will hold a meeting of the Board of Directors of the Company on 31 January 2024.Powered by Capital Market - Live News

Jindal Steel & Power announced the successful commissioning of its State-of-the-art Hot Strip Mill complex at its Angul plant. Today, Jindal Steel & Power marks the date with the first-ever rake dispatch from the newly commissioned mill. Commissioned in a worldrecord period of 29 months from the groundbreaking date of 7th Aug 2021, the HSM produced its first coils on January 10, 2024. The first dispatch of the coils took place on 15th January 2024.Supplied by SMS SIEMAG, the HSM is capable of producing up to 6 MTPA 1.00mm thick and 1680mm wide coils and is equipped with advanced features like Transfer bar cooling, edge heater, coil box, and heat shields, ensuring top-notch flatness, uniform mechanical properties, andproduction of superior value-added grades. This positions Jindal Steel & Power to cater to various sectors including auto, construction, oil, downstream cold rolling, galvanizing, colour coating, etc.Powered by Capital Market - Live News

Jindal Steel & Power (JSP) has entered into an MoU with Rashtriya Ispat Nigam (RINL) for the operationalization of RINL`s Blast Furnace-3 (BF-3). The furnace, set to be lit up on 30 December 2023, will boost production by 2 lakh tonnes of Hot Metal per month. The tie-up with RINL will release additional liquid steel for slab casting and onward rolling into Hot Rolled Coils from JSP`s upcoming state-of-the-art Hot Strip Mill at Angul which is slated for commissioning soon.Powered by Capital Market - Live News

Net profit of Jindal Steel & Power rose 594.92% to Rs 1387.82 crore in the quarter ended September 2023 as against Rs 199.71 crore during the previous quarter ended September 2022. Sales declined 9.40% to Rs 12250.16 crore in the quarter ended September 2023 as against Rs 13521.40 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales12250.1613521.40 -9 OPM %18.6614.28 - PBDT1987.951567.02 27 PBT1384.27952.76 45 NP1387.82199.71 595 Powered by Capital Market - Live News