JSL.NSE Jindal Stainless Ltd
219
704.50
3.70
(0.53%)
| Watchers | 219 |
| 52-Wk Low | 276.10 |
| 52-Wk High | 748.00 |
| Market Cap | 582.25B |
| Volume | 69,438.00 |
| 52-Wk High | 748.00 |
| 52-Wk Low | 276.10 |
Jindal Stainless to spend Rs 4,700 crore capex in FY25 amid expansion plansMoneycontrol • 4 days ago
The stainless steel manufacturer, weighed down by gloomy export market, said that it will not export if there is no margin.
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The steel manufacturer has also entered into a joint venture for the development and operation of a stainless-steel melt shop (SMS) in Indonesia, which has an annual production capacity of 1.2 million tonnes per annum (MTPA)
Net Sales are expected to increase by 0.2 percent Y-o-Y (up 7.2 percent Q-o-Q) to Rs. 9,780 crore, according to Prabhudas Lilladher.
Injection of hydrogen in blast furnaces helps reduce consumption of coal in the production process, thereby reducing a company's carbon footprint.
Exports of iron ore, mainly fines of below Fe (iron) 58% grade, as well as pellets rose to a three-year high of over 44 million tonnes in calendar year 2023, according to analytics firm SteelMint.
Net Sales are expected to increase by 8.7 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs. 98.5 crore, according to Prabhudas Lilladher.
NMDC raised lump ore prices to Rs 5,600 per tonne and fines increased to Rs 4,910 per tonne