01-01-1970 12:00 AM | Source: Accord Fintech
JSPL jumps on aiming to start mining at Kasia iron ore block within a month
News By Tags | #86 #845 #572

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Jindal Steel & Power is currently trading at Rs. 361.65, up by 2.70 points or 0.75% from its previous closing of Rs. 358.95 on the BSE.

The scrip opened at Rs. 359.10 and has touched a high and low of Rs. 362.55 and Rs. 354.20 respectively. So far 262213 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 501.60 on 10-May-2021 and a 52 week low of Rs. 166.40 on 25-Sep-2020.

Last one week high and low of the scrip stood at Rs. 378.20 and Rs. 347.00 respectively. The current market cap of the company is Rs. 36447.75 crore.

The promoters holding in the company stood at 60.47%, while Institutions and Non-Institutions held 25.77% and 13.76% respectively.

Jindal Steel & Power (JSPL) is aiming to start mining at Kasia iron ore block within a month. The company bagging of the block, which has total reserves of 278 million tonnes (MT). JSPL will also put up a slurry pipeline from the pithead to its steel plant in Angul. This will help the company with 5-6 million tonnes of iron ore per year. The e-auction for the Kasia iron and dolomite mineral block was held on September 18, 2021. It was earlier owned and operated by Essel Mining and Industries.

Jindal Steel & Power is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.