Friday , October 22 2021

JSPL surges on commissioning 4th coke oven battery at Angul plant

Jindal Steel & Power (JSPL) is currently trading at Rs. 143.70, up by 2.65 points or 1.88% from its previous closing of Rs. 141.05 on the BSE.

The scrip opened at Rs. 143.45 and has touched a high and low of Rs. 144.45 and Rs. 142.00 respectively. So far 222173 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 190.45 on 18-Apr-2019 and a 52 week low of Rs. 91.10 on 29-Aug-2019.

Last one week high and low of the scrip stood at Rs. 154.45 and Rs. 135.10 respectively. The current market cap of the company is Rs. 14540.33 crore.

The promoters holding in the company stood at 60.40%, while Institutions and Non-Institutions held 26.35% and 13.26% respectively.

Jindal Steel & Power (JSPL) has commissioned its 4th Coke Oven Battery at Angul plant making it self-sufficient in coke requirement. The Coke Oven consists of 4 numbers batteries of 45,000 tons each per month will be producing a total coke of 2.0 MTPA. This plant is feeding Coke to India’s largest Blast Furnace having 4,554 cubic meter volume which is already in operation at Angul and 2 Blast Furnaces at Raigarh in the Chhattisgarh.

JSPL is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India’s domestic energy and infrastructure requirement.

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