Jindal Steel & Power rises on commissioning Hot Strip Mill complex at Angul plant
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Jindal Steel & Power is currently trading at Rs. 731.05, up by 1.75 points or 0.24% from its previous closing of Rs. 729.30 on the BSE.
The scrip opened at Rs. 730.65 and has touched a high and low of Rs. 737.45 and Rs. 726.50 respectively. So far 11467 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 767.95 on 14-Dec-2023 and a 52 week low of Rs. 503.00 on 25-May-2023.
Last one week high and low of the scrip stood at Rs. 756.55 and Rs. 701.00 respectively. The current market cap of the company is Rs. 74420.53 crore.
The promoters holding in the company stood at 61.20%, while Institutions and Non-Institutions held 27.44% and 11.36% respectively.
Jindal Steel & Power (JSPL) has successfully commissioned State-of-the-art Hot Strip Mill (HSM) complex at its Angul plant. Commissioned in a world record period of 29 months from the groundbreaking date of August 7, 2021, the HSM produced its first coils on January 10, 2024. The first dispatch of the coils took place on January 15, 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, and production 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.
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.
