Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 April, 2024 18:51 IST
Jindal Steel production climbs 38% in Apr-Jun'15
Source: IRIS | 03 Jul, 2015, 04.09PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Jindal Steel & Power, an Indian steel and energy company, has reported a growth of 38% in crude steel and DRI production to 1.10 million tons during April- June 2015.

Recently, the company's steel melting shop at Raigarh facility produced a record 10,000 tonnes of crude steel in a single day. This highest production based on DRI (Direct Reduced Iron) and hot metal is a testimony of the company's operational excellence in steel making.

The stock had underperformed the market over the past one month till Jul. 02, 2015, falling 32.65% compared with the Sensex's 2.79% rise. It underperformed the market in past one quarter, declining 40.16% as against 1.11% fall in the Sensex. 

Shares of the company declined Rs 4.45, or 5%, to settle at Rs 84.60. The total volume of shares traded was 1,488,287 at the BSE (Friday).

 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer