Jindal Stainless trades higher on the BSE

Jindal Stainless is currently trading at Rs. 206.60, up by 1.85 points or 0.90% from its previous closing of Rs. 204.75 on the BSE.

jindal stainless signs mou with bcl
jindal stainless signs mou with bcl

The scrip opened at Rs. 206.00 and has touched a high and low of Rs. 215.00 and Rs. 206.00 respectively. So far 164792 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 224.60 on 08-Feb-2022 and a 52 week low of Rs. 71.00 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 215.00 and Rs. 197.65 respectively. The current market cap of the company is Rs. 10982.86 crore.

The promoters holding in the company stood at 69.87%, while Institutions and Non-Institutions held 21.41% and 8.55% respectively.

Jindal Stainless (JSL) is keen to make an investment in the renewable energy sector to set up 300 MW solar and wind capacities in three states. There will be no more investments in thermal energy. 300 MW of solar and wind energy capacity will be set up in Odisha, Haryana and Rajasthan.

The country’s largest stainless steel maker Jindal Stainless owns and operates 1.1 million tonne per annum (MTPA) plant in Jajpur, Odisha. The company sources energy from its 264 megawatt MW captive thermal power plant, to run the unit. JSL is expanding the capacity at Jajpur by another 1 MT to 2.1 MTPA.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

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