Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Jindal Steel & Power Ltd rose for a third straight session today. The stock is quoting at Rs 967.1, up 1.67% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 25484.65. The Sensex is at 83437.68, down 0.31%. Jindal Steel & Power Ltd has added around 2.19% in last one month.
Meanwhile, Nifty Metal index of which Jindal Steel & Power Ltd is a constituent, has added around 6.08% in last one month and is currently quoting at 9564.55, up 1.17% on the day. The volume in the stock stood at 13.28 lakh shares today, compared to the daily average of 15.45 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 973.75, up 1.93% on the day. Jindal Steel & Power Ltd is down 7.92% in last one year as compared to a 4.93% gain in NIFTY and a 2.65% gain in the Nifty Metal index.
The PE of the stock is 21.47 based on TTM earnings ending March 25.
Jindal Steel has successfully commissioned its first Continuous Galvanising Line (CGL 1) at its state-of-the-art Angul Integrated Steel Complex in Odisha. This marks a significant expansion in the company's coated steel product offerings. The new line will produce galvanised and galvalume products under the Jindal Panther Galvanised and ZINKALUME brands, catering to various industries including appliances, automotive, infrastructure, and construction.
CGL 1 can process steel thicknesses ranging from 0.15 mm to 1.50 mm and widths from 700 mm to 1400 mm. This advanced setup ensures high precision and consistent quality for a variety of applications.
Jindal Panther Galvanised Products include full hard, soft, and skin-passed galvanised steel, used in products like air conditioners, white goods, electrical panels, ducting systems, coolers, vehicle bodies, silos, and storage boxes. These are also ideal as base material for pre-painted galvanised iron (PPGI).
ZINKALUME Galvalume Products are coated with an aluminium + silicon + zinc alloy, offering excellent corrosion resistance and thermal durability. These products are especially suited for refrigerator backs, solar structures, fuel tanks, and pre-painted galvalume (PPGL) applications.
The line also offers thinner HR galvanised coils (1.00–1.50 mm) for the tube industry, silos, tank farms, and pre-engineered buildings, as well as high-strength galvanised steel for automotive underbody components.
“The commissioning of our first galvanising line at the Angul Integrated Steel Complex is a proud milestone. It reflects our commitment to delivering high-quality, value-added steel products for diverse industry needs. We are confident that Panther Galvanised and ZINKALUME will set new benchmarks in the market” said Naveen Jindal, Chairman of Jindal Steel in a statement.
Looking ahead, Jindal Steel is set to add another 6 MTPA crude steel capacity at the Angul plant this year, taking the total capacity to 12 MTPA by the end of 2025—making it one of the largest single-location steel plants in India.
The company stated that the commissioning of this line would mark a significant expansion in its coated steel product offerings.
The new line will produce galvanised and galvalume products under the Jindal Panther Galvanised and ZINKALUME brands, catering to various industries including appliances, automotive, infrastructure, and construction.
Jindal Steel further said that it would add another 6 MTPA crude steel capacity at the Angul plant this year, taking the total capacity to 12 MTPA by the end of 2025.
Jindal Steel and Power offers a product portfolio that caters to markets across the entire steel value chain.
On a consolidated basis, Jindal Steel & Power reported net loss of Rs 339.40 crore in Q4 March 2025 as against net profit of Rs 935.37 crore in Q4 March 2024. Net sales declined 2.25% YoY to Rs 13183.13 crore in Q4 March 2025.
The scrip shed 0.03% to currently trade at Rs 939 on the BSE.
It also projects a sharp rebound in volume growth. After a tepid 1% CAGR over FY22–25, volumes are expected to grow at 19% annually through FY27, supported by ongoing capacity expansions. JSPL is set to begin hot metal production from its 4.6 mtpa blast furnace in early Q2FY26, while a 3 mtpa basic oxygen furnace is also scheduled for commissioning by the end of that quarter. This ramp-up is expected to boost FY26 steel output and sales to 9 mt, marking a 12.5% year-on-year increase.
Jindal Steel and Power offers a product portfolio that caters to markets across the entire steel value chain. On a consolidated basis, Jindal Steel & Power reported net loss of Rs 339.40 crore in Q4 March 2025 as against net profit of Rs 935.37 crore in Q4 March 2024. Net sales declined 2.25% YoY to Rs 13183.13 crore in Q4 March 2025.