Shares of Jindal Steel and Power Ltd (JSPL) on Tuesday rallied nearly 14 percent after the company reported a consolidated net profit of Rs 305.62 crore during the quarter ended on 31 March, 2020
Q2 results paint a bleak picture for market, Adani Ports and SEZ in stable waters; all this and more on Moneycontrol Pro
Adani Ports volumes rose sharply despite depressed market conditions in global trade, which has affected India’s trade too.
Jindal Steel and Power denies payment defaults, says business as usual; company to announce Q1 results on 14 August
Jindal Steel and Power Ltd (JSPL) on Thursday said that it has not defaulted on any payments
Naveen Patnaik says Odisha emerging as manufacturing hub of east; urges industry captains to partake in growth
Patnaik urged FICCI to partner with Odisha's departments in successful implementation of the state's 'Vision 2025' for industrial development in six focus sectors.
A Delhi court on Tuesday summoned industrialist and Congress leader Naveen Jindal and 14 others for alleged money laundering in a case pertaining to irregularities in allocation of a Jharkhand coal block
The moves are seen as helping boost local sales of the fossil fuel, but hurting the young and booming renewable energy industry
In its charge sheet, the CBI has alleged that JSPL misrepresented the equipment purchase orders and misled the Coal Ministry
The NCDs had a coupon rate of 9.8 percent and Axis Trustee Services was the trustee
The open cast coal mine with a proven reserve of 700 million tonnes and an expected life-of-mine of 25 years, exported its first shipment of coal in the first quarter of 2013.
A Jindal Steel and Power Ltd (JSPL) spokesperson denied any contravention or wrongdoing on the part of the Jindals in the case
Shares in Jindal Steel and Power were heading towards their biggest daily loss in almost two years on Monday, hit by concerns over the company's ability to feed its power plants after the rejection of its bids for three coal mines auctioned by the government.
Jindal Steel and Power will take the government to court after the coal ministry rejected the company's winning bids for three mines, a company source said on Monday.
The private firms, which had participated in the first round of bidding for two 4,000 MW each UMPP in Odisha and Tamil Nadu withdrew their bids citing difficulties in securing finances for these proposed projects.
The punishment doled out to DLF - for failing to provide key information on subsidiaries and pending legal cases at the time of its initial public offering in 2007 - showed how painful the clean-up process could be, even for heavyweights with political ties.<br />
CBI sources said the case pertains to allocation of Gare Palma IV/1 coal block Jindal Strips Limited and JSPL. <br />
We track the latest developments as the Supreme Court pronounces its verdict on what to do about the 218 coal mines whose allocation have been deemed illegal.
The apex court on August 25 had held that all coal blocks allocations since 1993 by various regimes at the Centre have been made illegally and arbitrarily.
Here are some of the companies that are likely to be affected due to this order.