Latest news with #JindalSteel
Mint
6 days ago
- Business
- Mint
Infrastructure, construction sector leads steel demand in India, Government projects key contributor: Industry Experts
New Delhi [India], July 25 (ANI): According to market experts, 65 per cent of steel produced in India is consumed by the infrastructure and construction sector, with 25-30 per cent of that used specifically in government projects. Whatever steel is produced in India, out of that 65% is consumed by the infrastructure and construction sector. The remaining is then consumed by the sector of white goods, automobiles," said Sanjay Singh, Director of Strategy and External Relations at Jindal Steel, while speaking exclusively to ANI. "But major consumption is by the Construction and infrastructure sector, and in this again around 25 to 30 per cent is consumed in the government projects," he said. Swati Agrawal, CEO and President - Advisory at CARE Analytics and Advisory Pvt Ltd, also highlighted that construction is the primary source of demand. She said, "Construction is primarily one of the major drivers. Then, of course, we have real estate. I mean, the last two years' boom in real estate has a lot to do with pushing the steel sector." She further added that, "We have automobiles. We have transitioned towards electric vehicles and charging infrastructure. I mean, we have all the typical levers of growth, like I said, construction, real estate, roads, bridges. Automobiles, electric vehicles -- or transitioning into electric vehicles -- that's a very, very landmark thing" While speaking to ANI, Sanjay Singh also emphasised the crucial role the safeguard duty has played in insulating Indian manufacturers from the influx of low-cost steel from foreign markets. "I mean, 12 per cent of safeguard duty, which has been imposed by the Government, is having a tremendous impact. I have spoken to people in the steel sector, and they have given their views that it has provided them with a good cushion against any kind of imports from cheaper economies. It has had a very positive impact," Singh stated. The Central Government imposed a 12 per cent safeguard duty in April this year with an aim to protect the domestic steel industry from a sudden and sharp increase in steel imports. The safeguard tariffs are primarily aimed at China, which was the second-biggest exporter of steel to India behind South Korea. The Government has set minimum import prices for five steel product categories ranging from USD 675 per tonne to USD 964 per tonne. Any shipment imported below these prices will attract a 12 per cent safeguard duty. (ANI)
News18
22-07-2025
- Business
- News18
Jindal Steel and Power renamed as Jindal Steel
Agency: PTI New Delhi, Jul 22 (PTI) Jindal Steel and Power (JSPL) has been renamed as Jindal Steel Ltd post receiving approval from the government, an exchange filing said on Tuesday. The company will continue to operate as a public limited company limited by shares under its new name, Jindal Steel said in the exchange filing. 'Jindal Steel & Power Limited has officially changed its name to Jindal Steel Limited, effective 22 July 2025, following approval from the Registrar of Companies, Ministry of Corporate Affairs, Government of India," the filing said. The change reflects the company's sharpened focus on its core business in steel and its strategic direction as a dedicated, future-forward steel enterprise. The new name reinforces clarity of identity, both within India and globally. This change has been effected in accordance with Rule 29 of the Companies (Incorporation) Rules, 2014. There are no changes to the Company's Corporate Identification Number. Jindal Steel has a presence in steel, mining, and infrastructure sectors. The company is among the top six steel manufacturing entities in India. PTI ABI MR Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Muscat Daily
20-07-2025
- Business
- Muscat Daily
Jindal Steel launches fourth edition of 'Losers Win Challenge' in collaboration with Aster Al Raffah Hospital, Sohar
Sohar, Oman – July 10th, 2025: Jindal Steel has announced the launch of the fourth edition of its flagship employee wellness initiative, the Losers Win Challenge 2025. This 90-day health and fitness programme, conducted in collaboration with Aster Al Raffah Hospital, Sohar, is part of the company's broader vision to promote a culture of health, balance, and holistic well-being among its workforce. The initiative is championed by by Mr. Harssha Shetty, Chief Executive Officer of Jindal Steel, Oman. A total of 95 employees are participating in this wellness challenge, which is designed to help them adopt healthier lifestyles through a structured approach to physical and mental health. The programme includes two comprehensive body composition analyses, BMI assessments every 15 days, personalised diet plans, and one-on-one consultations with dietitians and internal medicine specialists. All medical assessments and nutritional support are being delivered under the supervision of healthcare professionals at Aster Al Raffah Hospital, Sohar. The hospital is playing a central role in delivering end-to-end care, including health screenings, dietary consultations, and the implementation of evidence-based wellness practices throughout the challenge. Commenting on the initiative, Mr Harssha Shetty, CEO of Jindal Steel, Oman, stated, 'The Losers Win Challenge is a focused wellness initiative aimed at helping our people become healthier, fitter, and more fulfilled. With this edition, we aspire to create wellness champions who will inspire hundreds more to embrace fitness as a way of life. We are grateful to Aster Al Raffah Hospital for designing a programme that aligns with our specific needs. This collaboration demonstrates the powerful impact that can be achieved when healthcare providers and responsible corporates work together to promote public health and community well-being.' Speaking on the collaboration, Mr Shailesh Guntu, Deputy CEO of Aster Hospitals, UAE and Oman, said, 'At Aster, we believe prevention and wellness are essential to long-term health. We are pleased to support Jindal Steel's progressive wellness initiative and remain committed to ensuring all participants receive the highest standard of care and guidance throughout their journey.' About Aster DM Healthcare FZC in GCC Founded in 1987 by Dr. Azad Moopen, Aster DM Healthcare is a leading integrated healthcare provider, with a strong presence across 5 countries in the GCC and Jordan. Aster is committed to the vision of providing accessible and high-quality healthcare, from primary to quaternary services, with its promise of 'We will treat you well'. The organisation's robust integrated healthcare model includes 15 hospitals, 122 clinics, and 313 pharmacies in GCC serving all segments of the society through three differentiated brands: Aster, Medcare and Access. Aster consistently adapts to meet the evolving needs of patients, ensuring access to quality healthcare through both physical and digital channels which is exemplified with the launch of the region's first healthcare super app, myAster. About Jindal Steel: Jindal Steel Sohar is a premier steel manufacturing company based in the Sultanate of Oman and is among the leading steel producers in the GCC region. Its parent, Jindal Steel Group, is a USD 25 billion diversified global natural resources conglomerate with significant operations in steel, energy, mining, and renewables spanning India, Europe, the GCC, Australia, and Africa. With social sustainability and a low-carbon future at the core of its strategy, Jindal Steel Sohar is ranked among the top 5 in the UK Cares Global Corporate Sustainability Assessment 2024 and is listed in the Sustainalytics Ranking. The company has also been certified as a Great Place to Work and ranks as the 12th best place to work in Asia among large companies. With a CARES-verified water footprint of just 0.84 m³ per ton of steel and an SMS stack air quality maintained at less than 10 mg/m³ in line with EU standards, Jindal Steel Sohar continues to set new benchmarks in sustainable steel production.
Hans India
09-07-2025
- General
- Hans India
Jindal Foundation served 2 million meals during Rath Yatra
Bhubaneswar: Continuing its long tradition of serving devotees during the Rath Yatra at Puri, Jindal Foundation, the social arm of Jindal Steel, served over two million meals to the devotees during the grand festival. From Nabajouban Darshan on June 26, the Foundation provided freshly cooked traditional Odia meal daily for 11 days, until the day of Suna Besha on July 6. To reach as many pilgrims as possible, the Foundation established two large-scale food distribution stalls at strategic locations -- near the Puri railway Station and the bus stand adjacent to Gundicha temple. These stalls offered traditional Odia meal consisting of rice, dalma (a wholesome lentil and vegetable preparation) and khata (a sweet and tangy chutney), chosen both for its cultural relevance and nutritional benefits. Prepared under strict hygiene standards, the meals were served with deep reverence, in alignment with the spiritual significance of the festival. A dedicated team of over 160 volunteers and staff worked tirelessly in shifts to manage the massive operation -- handling cooking, transport and distribution with efficiency. Shallu Jindal, Chairperson of Jindal Foundation, reflected on the Foundation's long-standing commitment and said, 'It has been our humble effort for the past 11 years to ensure that no devotee remains hungry during the Rath Yatra. We feel blessed to serve in this sacred celebration of devotion and unity.'
Yahoo
05-07-2025
- Business
- Yahoo
Power Grid Corp. of India rises Friday, underperforms market
Power Grid Corp. of India Ltd. 532898 shares inched up 0.14% to 294.10 Indian rupees Friday, on what proved to be an all-around favorable trading session for the stock market, with the BSE SENSEX Index 1 rising 0.23% to 83,432.89. Power Grid Corp. of India Ltd. closed 19.69% below its 52-week high of 366.20 rupees, which the company reached on September 25th. Now that the megabill has passed, expect a ton of short-term debt to be sold to finance the government's deficit 'I'm single': At 70, I have $500,000 in stocks and $220,000 in savings. How do I invest my $130,000 windfall? 'Today is my 61st birthday': I have my ex-spouse's Social Security benefits. Should I retire at 65 and travel? 'I do all the yard work, cooking and cleaning': I live with my daughter and her lazy boyfriend. She wants me to buy her house. Do I say yes? My wife and I are in our late 60s. Do I sell stocks to pay our $30,000 credit-card debt — or do it gradually over 3 years? The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Tata Power Co. Ltd. TATAPOWER rose 0.28% and Gujarat Industries Power Co. Ltd. 517300 fell 0.74%. Jindal Steel & Power Ltd. JINDALSTEL fell 0.37%. Trading volume totaled 573,674, compared to the 50-day average of 354,312. My wife and I have $7,000 a month in pensions and Social Security, plus $140,000 cash. Can we afford to retire? 'Finance makes me break out in hives': I inherited $240K from my parents. Do I pay off my $258K mortgage and give up my job? The Dow and Russell 2000 are joining the stock market's party. Is it a game changer for the bulls? My job is offering me a payout. Should I take a $61,000 lump sum — or $355 a month for life? We're living in 'end times' when you can't retire on $1 million Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
