Latest news with #JSPL
Business Standard
16-07-2025
- Business
- Business Standard
Jindal Steel & Power CFO Mayank Gupta resigns
Jindal Steel & Power (JSPL) announced that its chief financial officer, Mayank Gupta, has stepped down from his role, effective post business hours on 15 July 2025. In a regulatory filing, the company stated that Gupta is no longer in the services of the company as of the close of business on Tuesday. The resignation was attributed to personal commitments, according to the statement submitted by Gupta. The official announcement was made on 15 July 2025, after market hours. Jindal Steel and Power is the flagship company of Jindal Group, an industrial powerhouse which has a strong presence in the steel, power, mining, and infrastructure sectors globally. On a consolidated basis, Jindal Steel & Power reported a net loss of Rs 339.40 crore in Q4 March 2025 as against a 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 0.47% to Rs 939.55 on the BSE.
New Indian Express
03-07-2025
- Business
- New Indian Express
Jindal Steel Chhattisgarh Ltd signs MoU with state government for projects worth Rs 105358 crore
RAIPUR: Jindal Steel Chhattisgarh Ltd, a unit of industrial powerhouse JSPL with a presence in steel, mining and power, has inked a significant memorandum of understanding (MoU) with the Chhattisgarh government for multiple projects. Aimed at driving economic growth, generating employment, and fostering sustainable industrial development, the agreements were signed for the projects including a 500 MW solar power plant, a 2400 MW thermal power plant, and a steel plant with a capacity of 7.5 million tonnes per annum (MTPA). A proposed investment of Rs 1,05,358 crore will be allocated for the projects in Raigarh, the company stated. Jindal Steel Chhattisgarh Ltd will set up a 7.5 MTPA integrated steel plant with an investment of Rs 73,000 crore. Jindal Power Ltd will set up a 3x800 MW thermal power plant with an investment of Rs 30,780 crore and a 500 MW solar power plant with an investment of Rs 1,578 crore.
New Indian Express
03-07-2025
- Business
- New Indian Express
Jindal Steel Chhattisgarh Ltd signs MoU with state government for projects worth Rs 75,000 crore
RAIPUR: Jindal Steel Chhattisgarh Ltd, a unit of industrial powerhouse JSPL having presence in steel, mining and power, has inked a significant memorandum of understanding (MoU) with Chhattisgarh government for multiple projects. Aimed at driving economic growth, generating employment and fostering sustainable industrial development the agreements were signed for the projects including 500 MW Solar Power Plant, the 2400 MW Thermal Power Plant, and a steel plant with a capacity of 7.5 million tons per annum (MTPA). A proposed investment of Rs 75,000 crore will be allocated for the projects, the company stated. The MoU ceremony was attended by chief minister Vishnu Deo Sai and secretary-industries and commerce Rajat Kumar along with other senior officials.
Business Standard
24-06-2025
- Business
- Business Standard
Jindal Steel gains after broker maintains buy rating
Jindal Steel & Power surged 2.08% to Rs 930.25 after a domestic brokerage reiterated its 'Buy' call with a target price of Rs 1,193, citing a robust earnings outlook over the next two years. The brokerage expects JSPL's EBITDA to nearly double by FY27, driven by improved operating leverage, a better product mix, lower production costs, and relatively stable steel prices. It also projects a sharp rebound in volume growth. After a tepid 1% CAGR over FY2225, 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.
Time of India
18-06-2025
- Business
- Time of India
‘Emission cuts alone won't work': Industry leaders call for clarity, circularity in decarbonising value chains
New Delhi: Industry leaders from sectors including FMCG, steel, pharmaceuticals, fashion and energy have flagged major hurdles in India's push towards net zero emissions by 2070, citing the complexity of Scope 3 emissions , high cost of carbon capture technologies and regulatory constraints across hard-to-abate sectors. 'Scope 3 emissions are substantial due to large-scale agri-commodity sourcing,' said Vishwa Bandhu Bhattacharya, Director Sustainability, Tata Consumer Products, speaking at a panel on 'Decarbonising Value Chains' at the ET India Net Zero Forum 2025. 'The real challenge is identifying what's truly relevant across its 15 complex categories. To address this, we've adopted a materiality-based, third-party verified approach that brings focus and accuracy to our reporting.' In the agriculture-linked FMCG sector, PepsiCo is driving regenerative initiatives. 'We work with 27,000 farmers to promote regenerative practices like soil testing and efficient irrigation,' said Yashika Singh, Head – Corporate Affairs, Communication & Sustainability, PepsiCo India. 'While industry is driving this through Scope 3 goals, greater policy support is needed to scale impact and unlock real benefits for farmers.' In pharma, regulatory constraints continue to slow down decarbonisation efforts. 'In a highly regulated industry, any material in contact with medicine needs multiple approvals—so process changes are slow,' said Rajesh Vasudevan, Vice President – EHS & ESG, Cipla. 'We've focused on what we can control, like recycling 50% of our water and becoming 1.75 times water positive in India. All 37 of our units are now zero waste to landfill. But challenges remain—like managing expired medicines, which must be incinerated to prevent misuse, and addressing antimicrobial resistance in third-party manufacturing.' Steel manufacturer Jindal Steel and Power Ltd (JSPL) is working on emission intensity reduction while keeping additional costs in check. 'In hard-to-abate sectors like steel, we're focused first on what's within our control,' said Naveen Ahlawat, Head – Power to X, Green Hydrogen, Green Steel, CCSU, JSPL. 'Through operational excellence and energy efficiency, we're targeting a 13–15% reduction in carbon intensity with just 1–2% additional capex.' 'To go further, we're looking at larger levers like renewables, nuclear energy, and carbon capture. Carbon capture still costs around $120 per tonne, but we're already capturing 3,000 tonnes a day—scaling it sustainably is now the challenge,' Ahlawat said. Fashion sector leaders also raised concerns over the sector's environmental footprint. 'One T-shirt takes about 3,000 litres of water, and one pair of jeans uses nearly 8,000 litres. Most of this water is non-recyclable,' said Naresh Tyagi, Chief Sustainability Officer, Aditya Birla Fashion and Retail. 'Around 80% of garments end up in landfills globally, driven by fast fashion. India's tradition has always been about reuse and recycling—saris passed through generations are a perfect example. Bringing circularity into fashion is not just necessary, it's rooted in our culture.' Industry executives said decarbonisation needs to go beyond internal efficiencies and must integrate stronger regulatory and financial support systems to enable cross-sector collaboration in value chain emissions reduction.
