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Jindal Steel and Power Limited (JSP) is an Indian integrated steel producer and part of the O.P. Jindal Group. The company operates manufacturing units in Raigarh, Angul, Barbil, and Patratu, with a total capacity of 9.6 MTPA of liquid steel and 6.65 MTPA of finished steel. JSP's product portfolio includes TMT bars, plates, coils, beams, columns, rails, and other steel products. The company also has captive thermal power generation capacity and interests in coal mining assets in Australia, Mozambique, and South Africa. JSP operates through three segments: Iron and steel products, Power, and Others. The company has achieved milestones such as producing India's longest 121-meter rails and introducing large-size parallel flange beams. In 2022-23, JSP divested its stake in Jindal Power Limited and acquired a 1,050 MW thermal power plant near its Angul Steel Plant.
In the news

Axis Capital picks Jindal Steel over SAIL amid steel rally

Jindal Steel surges on analyst upgrade, target raised to ₹1,350

Jindal Steel targets 12.5 MT production by FY28 amid freight crisis

Jindal Steel Shares Rise 2% on Mixed Q1 Results

Jindal Stainless invests ₹900 cr, declares 200% dividend

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Jindal Steel targets 21 mt capacity by 2032, shares rise 2.95%

Jindal Steel Appoints New Independent Directors

ICICI Securities upgrades Jindal Steel to BUY with ₹1254 target

Nomura maintains steel stock ratings despite Q1 earnings cuts

Jindal Steel Q1 profit drops 44% to ₹844 cr, Anand Rathi sets ₹1410 target

Leadership Churn at Jindal Steel and Vedanta: Governance Crisis or Strategic Reset?

Jindal Steel Falls 2.47% as Metal Index Drops 0.71%

India's Steel Dumping Probe: JSW and Jindal Fight Back

Metal Stocks Rally 11% in Week on Gold Duty Hike, Analysts Advise Patience

Jindal Steel shares surge 4% on Q4 profit turnaround

Jindal Steel Q4 profit surges to ₹1,041 cr on 23% revenue growth

Steel's Perfect Storm: Navigating Cost Pressures and Supply Chain Disruption

Jindal Steel's Syngas Strategy: Turning Coal Into Competitive Edge

Jindal Steel pioneers coal gasification for sustainable steel production
The Quarter story
The two most recent quarterly results, compared side-by-side.
Jindal Steel rebounds with stronger revenue and cash reserves, though rising input costs and higher debt pressure per-ton margins.
Cash reserves grow from ₹4,189 Cr to ₹6,080 Cr from Q1 FY26 to Q1 FY27, ensuring strong liquidity.
Coking coal prices rise from $199 to $261 from Q1 FY26 to Q1 FY27, increasing raw material costs.
Flats sales share rises from 44% to 53% from Q1 FY26 to Q1 FY27, reflecting stronger demand for premium products.
Finance costs climb from ₹97 Cr to ₹147 Cr from Q1 FY26 to Q1 FY27, raising borrowing expenses.
Net revenue climbs from ₹12,119 Cr to ₹15,292 Cr from Q2 FY26 to Q1 FY27, driven by higher steel prices.
Net debt grows from ₹14,400 Cr to ₹15,927 Cr from Q1 FY26 to Q1 FY27, reflecting higher leverage.
Export sales volume increases from 0.14 MT to 0.21 MT from Q1 FY26 to Q1 FY27, showing recovering overseas demand.
Adjusted EBITDA per ton falls from ₹15,680 to ₹11,937 from Q1 FY26 to Q1 FY27, squeezing per-unit margins.
Engineering and packaging sales share expands from 3% to 19% from Q1 FY26 to Q1 FY27, diversifying the customer base.
Building and construction sales share drops from 32% to 18% from Q2 FY26 to Q1 FY27, indicating softer domestic infrastructure demand.