Jindal Steel & Power, through its wholly owned subsidiary, Jindal Steel Odisha (JSO), has acquired shareholding in Allied Strips for a cash consideration of Rs 217.53 crore. Consequently, Allied Strips (ASL) has become a subsidiary of the Company.The acquisition of ASL will help JSO expand its product portfolio and provide significant synergies with the existing steel manufacturing business (steel produced in JSO can be used as a raw material in ASL).Incorporated in August 1992, ASL specializes in the manufacturing and supply of steel products. The company produces a variety of steel items, including hot rolled coils, cold rolled coils, Cold Rolled Close Annealed (CRCA) steel, serving diverse sectors, including automotive, white goods, precision tubes etc. The company currently has a capacity to process over 3,00,000 metric tonne of HR coil per annum.Powered by Capital Market - Live News

Net profit of Jindal Steel & Power declined 50.71% to Rs 950.48 crore in the quarter ended December 2024 as against Rs 1928.32 crore during the previous quarter ended December 2023. Sales rose 0.42% to Rs 11750.67 crore in the quarter ended December 2024 as against Rs 11701.32 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales11750.6711701.32 0 OPM %18.5824.29 - PBDT1897.482562.62 -26 PBT1199.421926.95 -38 NP950.481928.32 -51 Powered by Capital Market - Live News

Jindal Steel & Power will hold a meeting of the Board of Directors of the Company on 30 January 2025.Powered by Capital Market - Live News

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