Net profit of Jindal Steel & Power declined 37.97% to Rs 860.90 crore in the quarter ended September 2024 as against Rs 1387.82 crore during the previous quarter ended September 2023. Sales declined 8.46% to Rs 11213.31 crore in the quarter ended September 2024 as against Rs 12250.16 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11213.3112250.16 -8 OPM %19.6218.66 - PBDT1909.231987.95 -4 PBT1213.271384.27 -12 NP860.901387.82 -38 Powered by Capital Market - Live News

Jindal Steel & Power will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live News

Jindal Steel (JSPL) and Jindal Renewables (JRPL) haveannounced a landmark Memorandum of Understanding (MOU) to implement India`s biggest investment in green hydrogen by any Indian steelmaker till date. This collaboration underscores a major commitment by both companies towards decarbonisation and green energy leadership in India`s steel industry.The MOU outlines JSPL`s plan to integrate green hydrogen into its Direct Reduced Iron (DRI) units in Angul, Odisha. This initiative represents a significant leap towards low emission steel production. In the first phase, Jindal Renewables will develop a green hydrogen generation capacity of up to 4,500 tons per annum set to commence by December 2025. In addition, the project will also entail supply of 36,000 tons of oxygen per annum that will be used in the Angul steelworks. JRPL will also be supplying ~3GW of renewable energy to JSPL`s facilities reducing the steelmaker`s dependence on coal fired energy by 50% in the next 2-3years. This integration of green energy is expected to drastically lower the company`s carbon footprint.JSPL will provide essential infrastructure and support, while JRPL will handle the development and operation of the green hydrogen and renewable energy facilities. This collaboration underscores a major commitment to decarbonisation and green energy leadership in India`s steel industry. With innovative engineering, the MOU aims not only tosignificantly slash the cost of green hydrogen production but also to ensure sustainable long term business model by locking in offtake for the next 25 years. Powered by Capital Market - Live News

Jindal Steel & Power announced that the Annual General Meeting (AGM) of the company will be held on 30 August 2024.Powered by Capital Market - Live News

Net profit of Jindal Steel & Power declined 20.56% to Rs 1340.15 crore in the quarter ended June 2024 as against Rs 1686.94 crore during the previous quarter ended June 2023. Sales rose 8.18% to Rs 13617.84 crore in the quarter ended June 2024 as against Rs 12588.34 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales13617.8412588.34 8 OPM %20.8520.88 - PBDT2541.972354.05 8 PBT1859.051766.55 5 NP1340.151686.94 -21 Powered by Capital Market - Live News