About Jindal Steel
- JSPL is a steel, power, mining, and infrastructure behemoth. The company’s outstanding success story has been dictated primarily by its determination to innovate, set new standards, enhance capabilities, enrich lives, and stay true to its beloved value system, which is led by Mr. Naveen Jindal.
- Jindal Steel and Power Limited (JSPL) is a steel and energy corporation headquartered in New Delhi. With a turnover of around 40000 crore (US$5.5 billion), JSPL is part of the diversified O.P. Jindal Group, which has a turnover of around 130000 crore (US$18 billion). In India, JSPL is a market leader in steel, power, mining, oil & gas, and infrastructure. Steel and power are produced through backward integration from the company’s own captive coal and iron-ore mines.
- It is India’s third-largest steel producer in terms of tonnage. Sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, structural, hot rolled plates and coils, and a coal-based sponge iron plant are all manufactured and sold by the company. Jindal Steel and Power Limited began operations in 1979. It entered the power market in 1995, establishing Jindal Power as a subsidiary.
- The Bombay Stock Exchange and the National Stock Exchange of India both list JSPL’s equity shares.On March 31, 2014, the promoter group Jindal Group owned 60 percent of the company’s equity shares. Foreign Institutional Investors owned 23% of the company’s stock (FII). Approximately 80,000 individual public shareholders own approximately 8% of the company’s shares. Others possess the remaining 9% of the company’s stock.
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Equity, typically referred to as shareholders’ equity (or owners’ equity for privately held companies), represents the amount of money that would be returned to a company’s shareholders if all of the assets were liquidated and all of the company’s debt was paid off in the case of liquidation. In the case of acquisition, it is the value of company sales minus any liabilities owed by the company not transferred with the sale.
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