Jindal Steel And Power Ltd (JNSP.NS)
4 Mar 2015
** Jindal Steel and Power Ltd and Sesa Sterlite Ltd gain 1 pct each ** India re-examines coal mine bids amid reports of discrepancies ** Jindal Steel and BS Ispat and aluminium company Balco had won the bids for the three mines ** Sesa Sterlite holds 51 pct stake in Balco ** Religare says chances of cancelling the winning bids are negligible, unless some other irregularities are found ** Adds all the price bids were better than government's set price ** Says establishin
MUMBAI - The BSE Sensex and Nifty fell for the second straight session on Monday, dragged down by heavyweights such as Reliance Industries and financial stocks, as caution prevailed ahead of the budget due on Feb 28.
** Jindal Steel and Power Ltd jumps as much as 19.9 pct ** Heads towards biggest daily gains since May 2009 ** Wins Gare Palma IV/2 and IV/3 blocks in India's coal auction at 108 rupee per tonne, K Rajagopal, chief financial officer, says in an interview to news channel CNBC TV-18 ** Can use coal from Gare Palma for other plants as well, he adds ** Company has won the two coal blocks at competitive prices, and it can expect traction in forward earning estimates, analysts say (R
MUMBAI - Jindal Steel and Power Ltd (JSPL) reported a net loss in its fiscal third quarter, hurt by a charge related to the levy it paid the government for coal it dug out from mines that were cancelled by a court order in September.
MUMBAI, Feb 4 - India's Jindal Steel and Power Ltd (JSPL) reported a net loss in its fiscal third quarter, hurt by a charge related to the levy it paid the government for coal it dug out from mines that were cancelled by a court order in September.
** Shares of Jindal Steel and Power have gained over 3 pct in each trading session of 2015 so far ** Stock gained 7.9 pct in Dec vs a fall of 3.6 pct in NSE index ** Promoter group company Opelina Finance and Investment bought shares of Jindal Steel on several days in Dec and Nov (http://bit.ly/13RPoZQ) ** Opelina Finance held 8.7 pct stake in the company in the Sept-quarter - BSE data ** Promoter buying provides confidence and support for current valuations and business out
- Note: Reuters has not verified this story and does not vouch for its accuracy
** Stock Gain Pct Jindal Steel and Power 5 Videocon Industries 4.7 Vakrangee 6.5 DLF 1.9 SpiceJet 16 Autoline Industries 6.3 ** Fund raising has picked up after the Bharatiya Janata Party's landslide election win in May ** Jindal Steel unit allotted 5,000 privately placed NCDs ** Videocon to issue 15.7 mln GDRs worth $45.22 million ** Vakrangee to raise money via share sale to q
Reuters Market Eye - Jindal Steel and Power gains 3.4 percent.
** Jindal Steel and Power gains 3.4 pct ** ICICI Securities says it hosted a roadshow for the company in UK. ** Company was represented by Group CEO Ravi Uppal and head of investor relations D.Balasubramanyam, the broker adds. ** JSPL expects coal block auction bidding process to help incumbents, as per ICICI Securities note ** While acknowledging competition, JSPL expects itself to be favourably disposed under the technical parameters, the note adds ** India's coal minist