Jindal Steel & Power is currently trading at Rs 92.95, up by 0.20 points or 0.22% from its previous closing of Rs. 92.75 on the BSE.
The scrip opened at Rs. 93.20 and has touched a high and low of Rs. 93.85 and Rs. 92.15 respectively. So far 274704 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 96.20 on 07-Feb-2017 and a 52 week low of Rs. 51.80 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 94.70 and Rs. 85.60 respectively. The current market cap of the company is Rs. 8459.40 crore.
The promoters holding in the company stood at 61.89%, while Institutions and Non-Institutions held 19.39% and 18.72% respectively.
Jindal Steel and Power (JSPL) is planning to invest Rs 20,000 crore in Jharkhand within a few years in addition to Rs 3,000 crore it has already invested in the state. The company will take the capacity of its steel plant at Patratu to 6 million tonnes per annum (MTPA) from the present 1.6 MTPA.
The company’s Patratu manufacturing facility has a total finished steel capacity of 1.6 MTPA. The company operates a Bar Rod Mill (1 MTPA) and a Wire Rod Mill (0.6 MTPA) along with a rebar service centre.
JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.