JINDAL POWER PLANT
West Bengal may get 1 lakh crore investments in a few months: Suvendu Adhikari
Suvendu Adhikari said the BJP-led government would offer incentives starting May 9, but would be unable to clear the industrial incentives backlog of nearly Rs 50,000 crore owing to the state's debt burden of Rs 8 lakh crore. He promised to clear the backlog once West Bengal becomes a financially stronger state like Gujarat, Maharashtra and Tamil Nadu in the next two years.
ET Prime Special Series: Multibagger or IBC - Part 83: Under this auto ancillary’s hood, sales and profits tell different stories
Some auto suppliers spend years trying to win a major customer. This business has been associated with one for four decades. That has helped build manufacturing scale, product capabilities, and a presence near auto plants. But it also creates an unusual equation for investors. Nearly 90% of the company's FY26 revenue is from sales to one related customer. Its portfolio spans parts that can survive the EV transition and others more closely tied to ICE vehicles. The story is about how durable customer access becomes durable returns.
Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India
Indian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index saw a decline, with analysts pointing out critical resistance and support points. Numerous companies disclosed their financial results, showcasing a mix of profits and setbacks for the September quarter. As various firms prepare to announce their quarterly earnings, market participants should remain vigilant over the coming days.
Blackouts hit Indian factories as coal crunch feeds into economy
Indian industries and households are grappling with power shortages due to reduced coal supplies and extreme weather conditions. The weak monsoon has limited hydropower generation while demand for electricity has surged. Many factories, including small steel mills, are facing lengthy outages, impacting production and increasing costs. Consumers in states like Uttar Pradesh are experiencing significant blackouts, prompting investments in backup systems.
From Uzbekistan to Canada: A look at India’s global uranium hunt
India is accelerating its nuclear power expansion to reach 100 GW by 2047. This ambitious goal necessitates securing substantial uranium supplies from global sources. New agreements with Uzbekistan, Australia, and Canada are diversifying fuel procurement strategies. Domestic policy changes now permit private companies to enter nuclear power generation. This dual approach aims to ensure fuel availability for future reactor capacity.
Jindal Steel builds world’s longest steel slag road, enters Guinness World Records
Jindal Steel achieved a Guinness World Records title for constructing the world's longest road. This 1.85-km four-lane road was built exclusively with processed steel slag aggregates. Around two lakh tonnes of steel slag replaced natural aggregates, reducing quarrying dependence. Scientifically processed steel slag offers cost-effectiveness and durability compared to traditional road materials. India's steel ministry promotes this technology for large-scale industrial by-product utilization.
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Sebi fines two Jindal Steel designated persons for trading-window violations
Sebi has fined two designated persons of Jindal Steel & Power Rs 1 lakh each for trading in the company’s shares and stock options during the trading-window closure period. The regulator also found that they executed trades above the prescribed threshold without obtaining pre-clearance, in violation of the company’s insider trading code.
JSW MG seeks PHEV tax incentives, targets 70% localisation by 2027
JSW MG Motor India is pushing for lower taxes on plug-in hybrid electric vehicles. The company targets 70% localization for its Windsor and Hector Tomahawk models. Discussions are underway for the next investment phase with Chinese partner SAIC. JSW MG plans to increase its annual vehicle sales significantly in the coming years. The automaker aims to expand its production capacity beyond current plans.
Jindal Power offers $1.68 bln for distressed coal-based power plant, say sources
Jindal Power has submitted a bid for the distressed KSK Mahanadi project in Chhattisgarh, a coal-based power project that is being eyed by Adani Power and Vedanta Ltd. The 1,800-megawatt power project, built by KSK Energy Ventures, is one of many distressed coal-fired private power stations in insolvency proceedings. Jindal Power's unsolicited bid shows renewed interest in coal-based power plants in India as the country expects its peak demand to cross 260-gigawatts this year.
Jindal Steel & Power Ltd wins bid to build Botswana's 300 MW coal power plant
It is the only fossil fuel-based power plant the Southern African country plans to procure in the next 20 years.
Jindal Power to buy Simhapuri power plant for about ₹300 cr
The company's functioning, according to industry executives, was severely affected when the plant was kept idle to reserve power capacity for Andhra Pradesh discoms. JPL holds thermal, hydro and renewable power assets with an installed capacity of 3,400 MW. According to the company's website, its arm Jindal Mozambique Minerais Limitada owns and operates a 3 million tonne per annum.
JSPL to sell Jindal Power to cut debt
“The divestment is at a reasonably advanced process, in the sense, the buyer hasn’t been decided yet, but we do know that there is enough interest from more than one buyers, we have been receiving EoIs,” said a person close to the matter requesting anonymity.
JSW Cement plans to raise Bengal production capacity
The company has already started commercial production at Salboni in August, Jindal said, adding an investment of Rs 800 crore had gone to build the 2.4 mtpa capacity.
Why Street is growing bullish on JSPL
In the December quarter, JSPL's EBIDTA jumped 50% quarter on quarter and 125% year-on-year to Rs 1277 crore, driven by higher margins in its steel and power businesses.
JSPL secures 1.18 mn tonnes/year coal supply for power plants
The linkage will ensure steady and assured supply of coal for the captive power plants, enhancing the fuel security for the power plants, JSPL said.
JSPL seeks shareholders' nod for sale of power units
JSPL has sought shareholders' nod to divest 1,000 MWpower plant of a subsidiary company and sale of its 920 MW captive power plants.
Sajjan Jindal-led JSW Energy set to acquire 1,000 MW power plant for Rs 6,000 crore
Cash-crunch due to the downturn in steel prices and burgeoning debt have forced JSPL to shed assets. “As per company policy, we do not respond to speculations.
Odisha end users must get priority in iron ore auction: Naveen Jindal
Welcoming Odisha government's recent notification for auction of mines under the new MMDR Act, Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal.
Jindal Steel and Power's 810-MW captive power plant inaugurated in Odisha
JSPL today said a 810 MW captive power plant at its Angul steel plant in Odisha has been inaugurated by company's Chairperson Emeritus Savitri Jindal.
Jindal power to invest Rs 50K crore in Chattisgarh
Jindal Steel and Power today said it would invest Rs 50,000 crore in Chhattisgarh, its chairman Naveen Jindal said today.
Mega power plants under shadow: New UMPPs hit roadblock as lenders deny funding
India's plan to build giant power plants to meet growing energy needs has hit a roadblock as FIs have refused to fund future projects, saying the new norms make them unviable.
Tribunal to hear plea against nod to Jindal's power plant
The National Green Tribunal today agreed to hear a plea challenging the environmental clearance granted to Jindal Power Ltd on November 4, 2011, for increasing the capacity of its 1,200 MW coal-based thermal power plant in Raigarh district of Chhattisgarh to 2,400 MW.
JSPL to add 3 million tonnes of new steel capacity in FY 2013
Jindal Steel and Power is aiming to commission new facilities with capacity of 3 million tonnes by the end of the next financial year.
Jindal Power Ltd seeks nod from Coal Ministry for Tamnar plant capacity expansion
Jindal Power has sought a no-objection certificate from the Coal Ministry for the proposed expansion of its thermal power plant in Chhattisgarh.
Central panel seeks Jindal Power's reply on green violations
Jindal Power Ltd will have to wait further to go ahead with its plans of setting up a 2,400 MW thermal power plant in Chhattisgarh.
Jindal Power to start 2,400 MW project work in Raigarh soon
Jindal Steel and Power Limited on Thursday said the company would soon start work on its 2,400 MW thermal power plant in Raigarh district in Chhattisgarh after it gets the environment clearance.
Jindal Power files IPO prospectus to raise Rs 7,200 cr
Jindal Power said it has filed draft prospectus with SEBI to raise Rs 7,200 crore. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE I Stocks 52 Week: High, Low
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