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Jindal Steel & Power Ltd


BSE: 532286 | NSE: JINDALSTEL | ISIN: INE749A01030 
Market Cap: [Rs.Cr.] 43,805 | Face Value: [Rs.] 1
Industry: Steel - Sponge Iron

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Board Meet

27-Apr-12 
Jindal Steel & Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 27, 2012, inter alia, to consider the following: 1. Approving annual accounts and consolidated financial statements for the financial year 2011-12. 2. Taking on record audited standalone and consolidated financial results for the financial year 2011-12; and 3. Recommending dividend, if any for the financial year 2011-12. Jindal Steel & Power Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2012, inter alia, has recommended dividend Rupees 1.60/- (160%) per equity share of Re. 1/- each on 93,48,33,818 equity shares. Jindal Steel & Power Ltd has informed BSE that the Board of Directors of the Company of the Company at its meeting held on April 27, 2012, has taken the following decisions: 1. appointed Smt. Shallu Jindal as an Additional Director of the Company with immediate effect. 2. appointed Shri M. L. Gupta as an Additional Director and Wholetime Director of the Company with immediate effect. 3. took note of resignation by Smt. Savitri Jindal from the Directorship of the Company with immediate effect. 4. accepted Resignation from the directorship and Wholetime Directorship of the Company by Shri Naushad Akhter Ansari with immediate effect. (As Per BSE Announcement Website Dated on 27/04/2012) 
18-Jan-12 
Jindal Steel & Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 18, 2012, inter alia, to consider and approve standalone and consolidated un-audited financial results (provisional) for the quarter/ nine month ended on December 31, 2011 (Q3). 
18-Oct-11 
Jindal Steel & Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 18, 2011. inter alia, to consider and approve standalone and consolidated un-audited financial results (provisional) for the quarter / half year ended on September 30, 2011. 
28-Jul-11 
Jindal Steel & Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 28, 2011, inter alia, to consider and approve, standalone and consolidated un-audited financial results (provisional) for the quarter ended on June 30, 2011 (Q1). Jindal Steel & Power Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2011, inter alia, has taken the following decisions: 1. Smt. Savitri Jindal has been re-designated as Chairperson Emeritus. However, she will continue as a Director of the Company. 2. Shri Naveen Jindal, Executive Vice Chairman & Managing Director has been elevated as Chairman & Managing Director of the Company. (As Per BSE Announcement Dated on 28.07.2011) 
21-Apr-11 
Jindal Steel & Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 21, 2011, inter alia, to consider the following: 1. Approving annual accounts and consolidated financial statements for the financial year 2010-11. 2. Taking on record audited financial results and consolidated financial results for the financial year 2010-11; and 3. Recommending dividend, if any for the financial year 2010-11. Jindal Steel & Power Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 21, 2011, inter alia, has recommended final dividend @150% i.e. Rupees 1.50 per equity share of Re. 1/- each. (As Per BSE Announcement Dated on 21.04.2011) 

AGM

29-Sep-11
Jindal Steel & Power Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 14, 2011 to September 16, 2011 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company to be held on September 29, 2011. Jindal Steel & Power Ltd has informed BSE that the members at the 32nd Annual General Meeting (AGM) of the Company held on September 29, 2011, inter alia, have approved with requisite majority all the items of business included in the notice of Annual General Meeting including declaration of dividend @ 150% i.e. Rs.1.50 per equity share of Re.1/- each. (As Per BSE Announcement Website dated on 29.09.2011) 
28-Sep-10
Jindal Steel & Power Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 15, 2010 to September 17, 2010 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company to be held on September 28, 2010. Jindal Steel & Power Ltd has informed BSE that the members at the 31st Annual General Meeting (AGM) of the Company held on September 28, 2010, has approved all the items of business included in the notice of Annual General Meeting including declaration of dividend @125% i.e. Rs. 1.25 per equity share of Re 1/- each with requisite majority of shareholders. (As Per BSE Announcement Website dated on 28.09.2010) 
29-Sep-09
Jindal Steel & Power Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 16, 2009 to September 17, 2009 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 29, 2009. Jindal Steel & Power Ltd has informed BSE that the members at the 30th Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have approved all the items of business included in the notice of Annual General Meeting including declaration of dividend @ 550% i.e. Rs. 5.50 per equity share of Re. 1/- each, with requisite majority of shareholders. (As Per BSE Announcement Website dated on 29.09.2009) Jindal Steel & Power Ltd has informed BSE that Shri. Arun Kumar was appointed as an Additional Director (Independent) from September 16, 2009, to hold office upto the date of next Annual General Meeting of the Company which was held September 29, 2009. He ceased to be additional director on September 29, 2009. The Board of Directors, by resolution through circulation September 29, 2009, has appointment Shri. Arun Kumar as an Additional Director (Independent) of the Company from September 29, 2009 and will hold office, in terms of Section 260 of the Companies Act, 1956, upto the date of next Annual General Meeting of the Company. (As Per BSE Announcement Dated on 01.10.2009)  
26-Sep-08
Jindal Steel & Power Ltd has informed BSE that the Annual General Meeting(AGM) of the Company is to be held on September 26, 2008. Jindal Steel & Power Ltd has informed BSE that the members at the 29th Annual General Meeting (AGM) of the Company held on September 26, 2008, inter alia, have approved all the items of business included in the notice of Annual General Meeting including declaration of final dividend @ 250% i.e. Rs 2.50/- per equity share of Re 1/- each, with requisite majority. (As per BSE Announcement dated on 26/09/2008) 
28-Sep-07
Jindal Steel & Power Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 10, 2007 to September 15, 2007 for the purpose of payment of final dividend & Annual General Meeting (AGM) of the Company to be held on September 28, 2007. Jindal Steel & Power Ltd has informed BSE that the members at the 28th Annual General Meeting (AGM) of the Company held on September 28, 2007, inter alia, have approved all the items of business included in the notice of Annual General Meeting including declaration of final dividend @ 240% i.e. Rs 12/- per equity share of Rs 5/- each, with requisite majority. (As per BSE Announcement website dated on 28/09/2007) 

EGM

04-Sep-09
Jindal Steel & Power Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on September 04, 2009, inter alia, to transact the following: 1. i) Reclassify the authorized share capital of the Company by cancellation of 1,00,00,000 (one crore) Preference Shares of Rs 100/- (Rupees one hundred only) each and simultaneous creation of fresh 100,00,00,000 (one hundred crores) Equity Shares of Re 1/- (Rupee one only) each; and ii) Increase the authorized share capital of the Company to Rs 200,00,00,000/- (Rupees two hundred crore only) by creation of additional 80,00,00,000 (eighty crores) Equity Shares of Re. 1/- (Rupee one only) each and consequential amendment in the Memorandum & Articles of Association of the Company. 2. To capitalize a sum not exceeding Rs 77,56,51,530/- (Rupees seventy seven crores fifty six lacs fifty one thousand five hundred thirty only) out of ecurities Premium Account' as per the Audited Accounts for the financial year ended March 31,2009 and the said amount be transferred to Share Capital Account which shall be utilised for allotment of 77,56,51,530 (Seventy seven crores fifty six lacs fifty one thousand five hundred thirty) new Equity Shares of Re 1/- (Rupee one only) each as fully paid Bonus Shares to the persons who shall be the holders of the existing Equity Shares of Re 1/- each of the Company as per 'Book Closure' to be fixed by the Board later, in the proportion of 5 (five) new Equity Shares for every 1 (one) existing Equity Share held by such persons. Jindal Steel & Power Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on September 04, 2009, inter alia, have approved the following business, with requisite majority: 1. Reclassification and Increase of Authorised Share Capital of the Company. 2. Alteration of Articles of Association consequent to change in authorized share capital. 3. Issue of bonus shares. (As Per BSE Announcement Website dated on 04.09.2009) 
27-Dec-07
Jindal Steel & Power Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 27, 2007, inter alia, to transact the following business: 1. To divide each equity share of the face value of Rs 5/- (Rupees five only) in the capital of the Company fully paid up, into 5 (Five) equity shares of Re 1/- (Rupee one only) each fully paid up and the Memorandum of Association of the Company be altered by substituting the present Clause V with the following new Clause, viz., V. "The Authorised Share Capital of the Company is Rs 120,00,00,000/- (Rupees one hundred twenty crores only) divided into 20,00,00,000 (Twenty dares) equity shares of Re 1/- (Rupee one only) each and 1,00,00,000 (One Crore) Preference Shares of Rs 100/- (Rupees one hundred only) each". 2. To alter the Articles of Association of the Company by substituting the present Article 3 with the following new Article, viz., 3. "The Authorised Share Capital of the Company is Rs 120,00,00,000/- (Rupees one hundred twenty crores only) divided into 20,00,00,000 (Twenty crores) equity shares of Re 1/- (Rupee one only) each and 1,00,00,000 (One Crore) Preference Shares of Rs 100/- (Rupees one hundred only) each". Jindal Steel & Power Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 27, 2007, inter alia, have approved the sub-division of each equity shares of the Company of Rs 5/- each into five equity shares of Re 1/- each and consequential amendments to Capital Clause of Memorandum and Articles of Association of the Company. (As per BSE Announcement Website dated on 27/12/2007) 
27-Nov-03
EGM 27/11/2003 To split Rs.10/- equity share into 2 shares of Rs.5/- each. EGM 27/11/2003 Approved to split Rs.10/- equity share into 2 shares of Rs.5/- each. (As per BSE Bulletin dated on 27/11/2003) The Company has informed that the shareholders have at the EGM held on 27.11.2003 approved the subdivision of shares from Rs 10 to 2 Equity shares of Rs 5 each (As per BSE bulletin dated on 29/11/2003) 
11-Mar-02
The company has informed that, at EGM of the company held on 11.03.02, both the resolutions as contained in the notice were passed.  

Peer Comparison

Company Market Cap
(Rs. in Cr.) 		P/E (TTM)
(x) 		P/BV (TTM)
(x) 		EV/EBIDTA
(x) 		ROE
(%) 		ROCE
(%) 		D/E
(x)
Jindal Steel 43,804.73 19.73 3.98 19.71 26.8 18.0 1.33
Monnet Ispat 2,716.11 8.87 1.15 11.00 15.0 10.2 1.11
Orissa Sponge 918.00 0.00 12.17 0.00 0.0 0.0 1.16
Tata Sponge Iron 408.18 5.39 0.72 2.02 21.9 32.4 0.00
Lloyds Metals 233.73 0.00 1.96 10.82 10.9 13.1 0.33
Jai Balaji Inds. 204.73 0.00 0.26 8.92 7.9 10.1 1.84
MSP Steel & Pow. 167.62 5.53 0.54 9.75 18.7 10.6 2.15
Gallantt Ispat 114.84 0.00 0.80 16.75 -10.0 -2.6 0.94
Ankit Met.Power 109.69 4.05 0.26 6.20 11.7 10.8 1.23
Nova Iron &Steel 91.40 0.00 2.13 0.00 0.0 0.0 0.01
Bihar Sponge 42.87 0.00 0.38 0.00 0.0 0.0 0.00
Vikash Metal 38.80 20.19 0.28 6.06 10.6 10.6 3.20
S.A.L Steel 34.67 58.29 0.28 7.20 0.2 6.6 1.87
Vaswani Inds. 21.96 4.36 0.23 0.00 11.6 14.0 1.53
Ashirwad Steels 11.64 0.00 0.23 9.91 -2.9 -2.8 0.00

Futures & Options Quote

 
Expiry Date
464.25 5.80  [1.2]%
Instrument: FUTSTK
Expiry Date: 31 May 2012
Open Price: 467.45
Average Price: 464.92
No. of Contracts Traded: 436,000
Open Interest: 3,065,500
Underlying: JINDALSTEL
Market Lot: 500
Previous Close: 470.05
Day’s High | Low: 469.50 | 461.00
Turnover (Cr.): 20.27
Open Int. Change: 111,500.00 (3.8% )
View detailed F& O quotes >>

Key Information

Key Executives:

Naveen Jindal , Chairman & Managing Director 

Ratan Jindal , Director 

Vikrant Gujral , Vice Chairman & CEO 

Anand Goel , Joint Managing Director 

Company Head Office / Quarters:
O P Jindal Marg,
,
Hisar,
Haryana-125005
Phone : 91-1662-222471-84
Fax : 91-1662-220476
E-mail : investor.grievance@jindalsteel.com
Web : http://www.jindalsteelpower.com
Registrars:
Alankit Assignments Ltd
2E/21 Alankit House
Anarkali Market
Jhandewalan Extn
New Delhi - 110055

Fund Holding

 

Calendar

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