MARKETS

BSE Prices delayed by 5 minutes... Prices as on Aug 21, 2018   ABB India 1272.05 [ 4.01% ]ACC 1640.2 [ 2.62% ]Ambuja Cements Ltd. 238.7 [ 4.03% ]Asian Paints Ltd. 1402.15 [ -0.48% ]Axis Bank Ltd. 636.2 [ 1.92% ]Bajaj Auto Ltd. 2727.55 [ -0.24% ]Bank of Baroda 150.7 [ -0.13% ]Bharti Airtel 367.75 [ -0.72% ]Bharat Heavy Ele 75.5 [ 0.80% ]Bharat Petroleum 369 [ -1.85% ]Britannia Ind. 6854.5 [ 1.19% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 650.65 [ 1.08% ]Coal India 291.55 [ 2.59% ]Colgate Palm. 1164.25 [ 1.55% ]Dabur India 458.95 [ 1.15% ]DLF Ltd. 208.55 [ -2.91% ]Dr. Reddy's Labs 2412.45 [ 1.35% ]GAIL (India) Ltd. 378.2 [ -0.24% ]Grasim Inds. 1064.1 [ 2.12% ]HCL Technologies 1004 [ 1.33% ]HDFC 1912.7 [ -0.38% ]HDFC Bank 2094.85 [ -0.11% ]Hero MotoCorp 3309.6 [ 0.14% ]Hindustan Unilever L 1752.4 [ -1.30% ]Hindalco Indus. 226.35 [ -0.13% ]ICICI Bank 338.9 [ 0.16% ]IDFC L 52.75 [ 0.48% ]Indian Hotels Co 128.75 [ 2.26% ]IndusInd Bank 1975.6 [ -0.71% ]Infosys 1384.3 [ -0.06% ]ITC Ltd. 312.75 [ -0.11% ]Jindal St & Pwr 205.7 [ 0.15% ]Kotak Mahindra Bank 1263.6 [ -0.66% ]L&T 1322.15 [ -0.14% ]Lupin Ltd. 889.2 [ 2.23% ]Mahi. & Mahi 957.55 [ -1.12% ]Maruti Suzuki India 9105.05 [ 0.32% ]MTNL 15 [ -0.99% ]Nestle India 10887.8 [ 0.10% ]NIIT Ltd. 98.25 [ 6.45% ]NMDC Ltd. 103.6 [ -1.47% ]NTPC 161.2 [ 1.70% ]ONGC 169.75 [ 0.71% ]Punj. NationlBak 83.7 [ -0.59% ]Power Grid Corpo 187.25 [ -0.11% ]Reliance Inds. 1246.5 [ 0.94% ]SBI 306.9 [ -0.21% ]Vedanta 219.2 [ -1.17% ]Shipping Corpn. 58 [ -0.94% ]Sun Pharma. 635.25 [ 1.69% ]Tata Chemicals 706.9 [ 0.56% ]Tata Global Beverage 240.6 [ -1.78% ]Tata Motors Ltd. 269.05 [ -0.19% ]Tata Steel 582.25 [ -2.86% ]Tata Power Co. 72.35 [ 3.43% ]Tata Consultancy 2013.65 [ 0.16% ]Tech Mahindra Ltd. 708.25 [ 3.26% ]UltraTech Cement 4338.85 [ 0.89% ]United Spirits 621.95 [ -1.32% ]Wipro Ltd 288.5 [ 1.48% ]Zee Entertainment En 514.6 [ 1.67% ]

News Details

You can view in detail.
Crisil upgrades JSPL's credit rating to stable outlook 11/05/2018 00:55

Jindal Steel and Power Ltd (JSPL) said ratings agency Crisil has upgraded its credit ratings to stable outlook, reported PTI.

"The credit rating upgrade by CRISIL comes soon after similar upgrades by CARE and ICRA," JSPL said in a statement.

The credit ratings of Jindal Steel and Power Limited have been upgraded by leading rating agency Crisil to stable outlook, it said.

"The credit rating by three leading rating agencies CRISIL, ICRA and CARE is a clear reflection of the promise for growth by JSPL. The company is well poised to continue the superlative performance and growth curve during this fiscal," Naushad Ansari, CEO, Steel Business, JSPL said.

During January-March 2018, JSPL's consolidated loss widened to Rs 424.69 crore from Rs 100.01 crore in the year-ago-quarter.

However, on standalone basis, JSPL has reported Rs 145 crore profit after tax during the last quarter of 2017-18 fiscal, Ansari said.

This has happened after quite number of quarters, he said adding "there are other areas also where the company has done well".

JSPL reported its highest ever steel production and sales in Q4 2018 and for the FY 2017-18 with the 5 Million Tonne Per Annum (MTPA) integrated steel plant at Angul getting fully commissioned.

The company's debt, Ansari said, has come down to Rs 42,000 crore from Rs 46,000 crore. The company looks to keep reducing its debt.

The consolidated steel production was at about 1.7 million tonnes in January-March 2018, a 32 per cent rise over the same quarter.

In Oman, Jindal Shadeed recorded its highest production of 0.46 million tonnes of crude steel during the said quarter as against 0.39 million tonnes in last quarter of 2017.

The company's mines at Mozambique produced 0.33 million tonne Run-of-mine (ROM) in last quarter of FY18. The Wongawilli mines in Australia continued their ramp up and produced 0.1 million tonne.

LOAD MORE