The domestic crude steel production at JSPL’s integrated steel plants at Angul and Raigarh during the quarter April–June 2018 clocked a record 1.23 million tonne (MT), i.e. a rise of 36 per cent from 0.90 mt, a year ago
Tag: Jindal Steel and Power
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Jindal Steel to invest Rs.20,000 cr in power
In a bid to take the generation capacity to 8,600 MW in the next five years, Jindal Steel and Power (JSPL) is looking to invest about Rs 20,000 crore in its power business.
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JSPL to supply rails for freight corridor
Jindal Steel and Power (JSPL) has got a large order to supply around 88,000 tonne of long rails to the Tata- Aldesa joint venture for use in the Eastern Dedicated Freight Corridor.
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JSPL commissions Oman steel plant
Jindal Steel and Power (JSPL) has commissioned a 2 million tonne per annum integrated steel plant at Sohar in Oman with a total investment of $800 million. JSPL runs the facility, the third largest unit in Middle East and in the gulf region
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JSPL acquires Kineta Power
Jindal Steel and Power (JSPL) has acquired 100 per cent stake in Kineta Power, a 1,980 MW privately-owned coal-based power plant in Nellore district of Andhra Pradesh. The deal would be executed in phases and the project cost would be around Rs 10,000 crore. JSPL has plans to run the plant on imported coal from its mines in Indonesia and would blend it with the thermal coal produced at its mines in Mozambique.
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Jindal’s proposal to buy stake in Gopalpur port rejected
Odisha Commerce Minister Subrat Tarai has stated that the Odisha government on August 30 rejected a proposal by Jindal Steel and Power (JSPL) to acquire 49 per cent stake in Gopalpur Ports (GPL) in the state. Citing the State's Law Department's report, he said that the Gopalpur port could not be transferred before its operation for at least three years.
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Powering business
Sushil Maroo has been appointed as Chief Executive Officer and a Director of Essar Energy. Maroo has most recently served as Deputy Managing Director and a Board Director of Jindal Steel and Power and has also served as a Deputy Managing Director of Jindal Power since 2008.
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JSW Steel eyes assets of Stemcors
Jindal Steel and Power and JSW Steel are eyeing stake in the British steel trader Stemcor's Indian iron ore assets. JSW is reportedly holding discussion with Stemcor on this matter. Stemcor appointed Goldman Sachs to find a buyer for its Indian assets which include a iron ore mine and iron processing facilities in the state of Odisha, valued by a
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Stemcor holds parleys with JSPL on selling local unit
Unconfirmed reports indicate that Stemcor is holding discussion with Jindal Steel and Power (JSPL) to sell its Odisha-based unit, Brahmani River Pellets (BRPL). BRPL, which is a unit of the US-based steel trader, owns a pellet plant at Jajpur in Odisha. The pellet plant gets iron ore through a 220-km underground slurry pipeline from BRPL's 4-million tonne per annum bene
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RINL urges AP govt to seek ministry nod for mine allotment
Andhra Pradesh government received a request from AP Choudhary, Chairman and Managing Director of Rashtriya Ispat Nigam (RINL) to seek the approval of the union ministry of mines for allocating Bayyaram iron ore mines at Khammam district. The company is learnt to have agreed to invest Rs 42,400 crore in the state and the state government agreed to facilitate allotment of iron ore mines to RINL on pr
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