Business Update Neutral

2026-05-29 23:12

Jindal Steel Limited announced its participation in the J.P. Morgan Asia Credit Conference in Singapore on June 3, 2026. The company's representatives will engage in group and one-on-one meetings with analysts and institutional investors.

Business Update Neutral

2026-05-22 16:12

Jindal Steel Limited announced an intimation of an analyst/institutional investor meeting with Citadel Advisors on Wednesday, June 3, 2026. The one-on-one meeting will take place in Mumbai.

Business Update Neutral

2026-05-21 17:37

Jindal Steel Limited announced its schedule for upcoming analyst and institutional investor meetings. The company will participate in the 360 ONE Capital (B&K) 16th Annual Investor Conference - Trinity India 2026 on May 27, 2026, Morgan Stanley India Investment Forum 2026 on June 2, 2026, and Citi India Conference 2026 on June 4, 2026. All meetings will be held in Mumbai and include group and one-on-one sessions, subject to change.

Governance Neutral

2026-05-19 18:46

Jindal Steel Limited announced the dispatch of a postal ballot notice for remote e-voting by its members. The e-voting window will be open from May 20, 2026, to June 18, 2026. The resolutions proposed for approval include the appointment of Mr. Debojyoti Roy (DIN: 08285494) as a Director and the re-appointment of Mr. Damodar Mittal (DIN: 00171650) as Wholetime Director for a term of three years, effective March 28, 2026. Details regarding their remuneration packages are also provided.

Business Update Neutral

2026-05-13 18:00

Jindal Steel Limited informed about an upcoming analyst/institutional investor meeting with Pinebridge Investments on Monday, May 18, 2026. The one-on-one session will be held in Gurgaon.

Business Update Positive

2026-05-06 23:14

Management guided for FY27 production of 11-11.5 million tonnes and sales of 10.5-11 million tonnes. Capital expenditure for FY27 and FY28 is projected to be INR 7,500-10,000 crores for expansion and sustenance. The slurry pipeline is expected to be commissioned in Q1FY27, anticipating savings of INR 750-1000 per tonne of steel, with DRI 2 and PP2 projects slated for commissioning by end of FY27/FY28. The company focuses on capacity utilization and product mix optimization, aiming for stabilization in H2 FY27 and increasing flat sales to 70%. India's steel demand is projected to grow 7.4% in 2026 and 9.2% in 2027, driven by infrastructure. Net Debt to EBITDA is expected to normalize by Q2FY27. While coking coal prices are anticipated to rise by $20-25 per tonne in Q1FY27, steel prices are expected to remain supportive.

Business Update Neutral

2026-05-02 18:34

Jindal Steel Limited has uploaded the audio recording of its earnings call, held on May 2, 2026, concerning its financial results with institutional investors/analysts. The recording is available on the company's website as per SEBI regulations.

Governance Negative

2026-05-01 20:19

CRITICAL RED FLAG DETECTED

Jindal Steel's Board met on May 1, 2026, approving Q4 and FY26 Audited Financial Results and recommending a final dividend of ₹2 per equity share (200%). M/s Shome & Banerjee were re-appointed as Cost Auditors. The audit report highlighted a significant 'Emphasis of matters' regarding subsidiary JSML's financial distress, including a ₹4,586.80 crore outstanding loan, ₹6,966.40 crore accumulated losses, negative net worth, and an inherent going concern uncertainty.

Financials Negative

2026-05-01 20:12

Jindal Steel Limited's Board on May 1, 2026, approved audited financial results for FY 2025-26 and recommended a final dividend of ₹2 per share (200%). Auditors' report on standalone financials was unmodified. However, a wholly-owned subsidiary, Jindal Steel (Mauritius) Limited (JSML), faces going concern uncertainty with accumulated losses and negative net worth, leading to the parent company recognizing a ₹3,311.34 crore write-off of loans to JSML.

Financials Negative

2026-05-01 19:39

CRITICAL RED FLAG DETECTED

Standalone Revenue ₹15,935.07 Cr vs ₹13,035.48 Cr (▲22.24% YoY), EBITDA ₹585.41 Cr vs ₹825.05 Cr (▼29.05% YoY), PAT (Loss) ₹143.48 Cr vs (Profit) ₹107.53 Cr (▼233.43% YoY). EBITDA Margin 3.67% vs 6.33% (▼266bps). The Board recommended a final dividend of ₹2 per equity share. A wholly-owned subsidiary, Jindal Steel (Mauritius) Limited (JSML), faces going concern uncertainty with accumulated losses and negative net worth, leading to a significant write-off of loans by the company.

Business Update Neutral

2026-04-28 08:15

Jindal Steel Limited will hold its Q4FY26 Earnings Conference Call for analysts and institutional investors on Saturday, May 2, 2026, at 01:00 PM IST, to discuss the company's financial performance.

Routine Neutral

2026-04-08 15:12

Jindal Steel Limited submitted a certificate under SEBI (Depositories and Participants) Regulations, 2018 (Regulation 74(5)) for the quarter ended March 31, 2026, confirming compliance regarding dematerialisation of physical share certificates.

Business Update Positive

2026-04-06 08:57

Jindal Steel announced it has pioneered India's coal gasification revolution, establishing the nation's first coal gasification-based DRI plant and deploying syngas across operations. This strengthens energy self-reliance, reduces imported coal dependence, and lowers carbon emissions for sustainable steel production using swadeshi coal.

Routine Neutral

2026-03-31 15:21

Jindal Steel Limited announced the closure of its trading window for designated persons and their immediate relatives effective April 1, 2026. The window will remain closed until 48 hours after the declaration of the Q4 and FY26 Audited Financial Results.

Governance Neutral

2026-03-27 21:05

Jindal Steel Limited announced the appointment of Mr. Debojyoti Roy as an Additional and Wholetime Director and the re-appointment of Mr. Damodar Mittal as Wholetime Director for three years. Mr. Sabyasachi Bandyopadhyay ceased to be a Whole-time Director due to completion of his tenure, all effective March 27, 2026.

Business Update Positive

2026-03-24 08:58

Jindal Steel completed a 6 MTPA expansion at its Angul Integrated Steel Complex, taking its total crude steel capacity there to 12 MTPA. The company's overall crude steel capacity increased to 15.6 MTPA, expecting higher volumes, revenue growth, and improved profitability.

Business Update Positive

2026-03-23 22:53

Jindal Steel Limited received an intimation regarding an independent ESG rating revision from 50 to 51 by ESG Risk.ai. The company clarified it did not engage the rating provider, and the rating was based on public domain information.

Business Update Neutral

2026-03-23 17:23

Jindal Steel Limited will hold a virtual Analyst/Institutional Investor Meeting with Citadel International Equities on March 27, 2026, as per SEBI (LODR) Regulations, 2015.

Business Update Positive

2026-03-11 22:03

Jindal Steel has been declared the preferred bidder for Rengalaberha North-East Extension and Nuagan West Iron Ore Block in Odisha. The company committed to a final price offer of 111.15% premium. The blocks contain estimated iron ore resources of approximately 38 million tonnes.

Business Update Positive

2026-03-11 10:33

Jindal Steel was declared the preferred bidder for the Thakurani-A1 Iron Ore Block in Odisha, committing to pay a 101.20% premium to the Government. This virgin block spans 202 Ha and holds an estimated 50 million tonnes of G3-level explored iron ore resources, marking a significant strategic growth milestone for the company.

Business Update Neutral

2026-03-05 21:53

Jindal Steel Limited announced an analyst/institutional investor meeting on March 10, 2026. Company representatives will engage in group and one-on-one meetings with various institutional investors including ICICI Pru MF, HDFC MF, Pictet, Birla MF, Kotak AMC, and Bandhan MF + Invesco MF.

Business Update Neutral

2026-02-23 19:55

Jindal Steel Limited announced an Analyst/Institutional Investor Meeting on February 26, 2026, in Mumbai. Representatives will meet one-on-one with JP Morgan Chase & Co. and Goldman Sachs & Co.

Business Update Neutral

2026-02-20 19:52

Jindal Steel Limited will participate in analyst/institutional investor meetings on February 25, 2026, attending the IIFL 17th Entrepreneurial India Conference 2026 in Mumbai and a group meeting with DB India Credit Connect in Delhi.

Ownership Neutral

2026-02-20 19:06

Skyhigh Sustainable Limited acquired 4.87% (4,97,09,952 shares) of Jindal Steel Limited from its holding company, Gagan Infraenergy Limited, via an off-market inter-se transfer on Feb 20, 2026. The aggregate promoter group holding remains unchanged post-transaction.

Ownership Neutral

2026-02-16 16:23

Skyhigh Sustainable Limited, a Gagan Infraenergy Limited subsidiary and promoter group entity, will acquire 4.87% (4,97,09,952 equity shares) of Jindal Steel Limited from Gagan Infraenergy Limited for ₹9,09,55,411/-. This off-market inter-se transfer, occurring on or after February 20, 2026, aims to consolidate shareholding.

Routine Neutral

2026-02-13 13:16

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Routine Neutral

2026-02-05 23:41

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Business Update Neutral

2026-02-05 23:34

Jindal Steel Limited intimated upcoming analyst/institutional investor meetings on February 11 and 24, 2026. Company representatives will participate in Advantage India - Axis Capital's Flagship India Conference and Kotak India Conference: Chasing Growth 2026, both in Mumbai.

Routine Neutral

2026-02-04 12:14

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