Jindal Steel And Power Ltd (JNSP.BO)
2 Sep 2015
SYDNEY - One of Australia's oldest coal mines on Tuesday said it was being shut by its Indian owner Jindal Steel and Power as market conditions in the sector continue to deteriorate and financial pressures on producers mount.
- Note: Reuters has not verified this story and does not vouch for its accuracy
** Jindal Steel and Power fell as much as 9.2 pct adding to Thursday's 11.3 pct slump
** Grim demand especially from materials industry coupled with yuan devaluation may derail bets made on deleveraging at Indian metals and mining cos
** Investors eyeing Indiabulls Housing, Glenmark and Britannia Industries for inclusion in MSCI indexes
** Jindal Steel And Power gains 4.8 pct, adding to Monday's 4.5 pct rise
* Says duty structure imposed on steel by government is not enough
CAPE TOWN - Jindal Steel and Power's Africa unit said on Thursday it plans to build a $400 million power station in Mozambique and sign an agreement to sell electricity to the southern African country by year-end.
MUMBAI, May 27 - India's Jindal Steel and Power Ltd swung to a loss of 2.35 billion indian rupees ($36.73 million) for the quarter ended March 31, 2015 as compared to net profit of 4.31 billion for same quarter last year. Qtr Qtr ended Qtr ended March 2015 March 2014 Net Profit (-) 2.35 vs 4.31 bln bln rupees rupees Total Income* 3.36 bln
MUMBAI, April 7 - Indian shares ended flat on Tuesday, rebounding from earlier losses on the back of a late rally in metals and mining stocks such as Jindal Steel and Power Ltd that had lagged the index in recent weeks.