Stock of Jindal Steel & Power opened higher at Rs 270.90 against its previous close of Rs 266.05 today. The stock gained over 2.54% to hit the day's high of Rs 272.80 on BSE

With the post-lockdown economy still to pick up, highly leveraged companies are looking at ways to reduce debt

Share Market Updates: Overall 22 stocks out of 30 stocks closed in the red on Sensex and 30 out of 50 stocks closed in the red on NIFTY 50.

Under the deal announced in May, the Sajjan Jindal-led firm was to purchase the power plant in Raigarh for Rs 6,500 crore with certain conditions.

\"The unit has been commissioned at Jindal Power Limited (JPL)'s OP Jindal 4X600 thermal power plant located at Tamnar in Raigarh district of Chhattisgarh,\" BHEL said.

The Delhi High Court (HC) directed the government on Monday to maintain status quo on two Chhattisgarh mines for which the highest bid by Naveen Jindal-controlled Jindal Power (JPL) had been cancelled.

Companies who were disqualified by the  government from bidding get Delhi High Court respite.

Jindal group companies challenged the 2014 Coal Ordinance provisions regarding determination of compensation payable to previous allottees towards land value of the blocks.

Out of the 176 applications for mines received by the coal ministry, 134 have been found to be technically valid, coal secretary Anil Swarup told the media on Thursday.

Sajjan and Naveen Jindal are making similar moves in steel and power and may end up competing.

Naveen Jindal has propelled his steel and power company into India’s—and the world’s—most profitable power producers by focussing on the wildly lucrative merchant power business. Will his competitors stop his dream run?