Read more about Haryana formulating policy to manufacture electric vehicles: Chautala on Business Standard. Chautala said the Haryana government will formulate a policy to manufacture electric vehicles and convert petrol-diesel vehicles into electric vehicles in the state
On a consolidated basis, Jindal Steel & Power (JSPL) s net profit surged 600% to Rs 2,139.28 crore on 74.8% jump in net sales to Rs 11,887.88 crore in Q4 March 2021 over Q4 March 2020.
The quarterly result got a boost from improved performance across steel, power and overseas mining operations in Q4FY21. EBITDA soared 205.60% to Rs 5,287 crore in Q4 FY21 as against Rs 1,730 crore in Q4 FY20. Net debt reduced by Rs 3,475 crore in Q4 FY21 and Rs 13,773 crore in FY21.
The company s core focus right now is to sweat out assets and make JSPL net debt free. Thereafter, the company will embark on a journey to expand its profitability and volumes via the Angul expansion from 6 MTPA to 12 MTPA taking JSPL s overall Steel capacity to c.16 MTPA in India.
Read more about JSPL PAT jumps manifold to over Rs 1,900 crore in Jan-Mar quarter on Business Standard. Jindal Steel and Power Ltd (JSPL) reported manifold jump in its consolidated profit after tax (PAT) to Rs 1,900.51 crore during the fourth quarter ended March 2021, mainly on account of higher income
Jindal Steel & Power has accepted a binding offer from Worldone (Acquirer), to divest its 96.42% stake in Jindal Power (JPL), a material subsidiary of the Company.
The divestment is in line with JSPL s strategic objective to continuously reduce its debt, focus on its India Steel business and significantly reduce its carbon footprint by almost half as part of its ESG objectives. The equity value is an all-cash offer of Rs. 3,015 crore for 96.42% stake in JPL including 3,400 MW Coal fired power plants in State of Chhattisgarh and other non-core assets owned by JPL.
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Everyone above 18 years of age will be vaccinated free of cost at government hospitals in Haryana, said Haryana Chief Minister Manohar Lal Khattar on Saturday after chairing a state-level meeting of the COVID Monitoring Committee. A registration portal will be started from April 28 and everyone has to register themselves for vaccination. Registration is a must to get vaccinated. Further details on how and where the registration can be done are awaited. Meanwhile, the Ministry of Health and Family Welfare has said that the government of India s procurement price of both the COVID-19 vaccines will remain Rs 150 per dose and the Centre will continue to provide it totally free to states.