Jindal Steel and Power rises on planning to set up coal gasification plant in Chhattisgarh
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Jindal Steel & Power is currently trading at Rs. 572.75, up by 9.65 points or 1.71% from its previous closing of Rs. 563.10 on the BSE.
The scrip opened at Rs. 565.00 and has touched a high and low of Rs. 577.00 and Rs. 565.00 respectively. So far 103572 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 577.00 on 11-Apr-2022 and a 52 week low of Rs. 340.10 on 29-Nov-2021.
Last one week high and low of the scrip stood at Rs. 577.00 and Rs. 531.00 respectively. The current market cap of the company is Rs. 57441.16 crore.
The promoters holding in the company stood at 60.44%, while Institutions and Non-Institutions held 25.64% and 13.92% respectively.
Jindal Steel and Power (JSPL) is planning of setting up a coal gasification plant -- the second in the country -- at its Raigarh plant in Chhattisgarh. The company is already using the coal gasification technology to produce steel at its plant in Angul, Odisha.
The 2 million tonne per annum production capacity plant, inaugurated in 2018, holds the distinction of being India's first and the only plant producing steel from 'swadeshi' coal using the coal gasification technology.
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.
