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JSPL Q1 result: Profit jumps multifold to Rs 2,515 crore

JSPL accepts Worldone s Rs 7,401 cr revised offer for Jindal Power

JSPL s crude steel production rises 8% to 6 5 lakh tonne in July

JSPL’s crude steel production rises 8% to 6.5 lakh tonne in July Part of O P Jindal Group, JSPL has a presence in the steel, power, and mining sectors, and has invested Rs 90,000 crore across the globe The company had produced 6.03 LT steel in same month of 2020 (Source: PTI) PTI Updated Aug 05, 2021, 12:04 PM IST Jindal Steel and Power Ltd (JSPL) on Thursday said its steel output rose by 8 per cent to 6.5 lakh tonne (LT) during July 2021. The company had produced 6.03 LT steel in same month of 2020, JSPL said in a statement. During the said month, the company s sales also registered a growth of 5 per cent to 6.7 LT as compared to 6.4 LT sales in July last year.

JSPL s crude steel output grows 8 pc to 6 5 lakh tonne in July

JSPL s crude steel output grows 8 pc to 6 5 lakh tonne in July
dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.

JSPL receives revised Rs 7,401-cr offer from Worldone Pvt for Jindal Power

JSPL on Sunday announced it has received a revised offer of Rs 7,401 crore from Worldone Private Limited for divestment of its subsidiary company Jindal Power Limiter (JPL). Jindal Steel and Power Limited (JSPL) had earlier announced accepting a Rs 3,015-crore offer from Worldone Private Limited to divest 96.42 per cent stake it holds in the subsidiary company JPL. The divestment is in line with JSPL s strategic objective to continuously reduce its debt and carbon emissions and focus on steel business. After various rounds of discussions and negotiations, JSPL and its transaction advisors have successfully negotiated a revised and improved binding offer from Worldone accommodating all investor feedback received by the company. Worldone will (now) buy out all the equity shares and redeemable preference shares of JPL held by JSPL for a total consideration of approximately Rs 7,401 crore, JSPL said in a statement.

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