Jindal Steel And Power (JSPL) Declared Preferred Bidder For Kasia Iron Ore Mine By Odisha Government, Shares Up 1%

INSUBCONTINENT EXCLUSIVE:
Shares of Jindal Steel and Power were last trading 1.15 per cent higher at Rs 370.25 on the BSE.Share price of Jindal Steel and Power (JSPL)
gained around one per cent on Thursday, September 23, after the infra major was declared the preferred bidder for the Kasia Iron Ore Mine by
the Odisha government
On Thursday, Jindal Steel and Power opened on the BSE at Rs 369.10, touching an intra day high of Rs 374, and an intra day low of Rs 369, in
Barbil pellet plant
The company has a current crude steel capacity of around ~9 MTPA and plans to expand the capacity to ~16 MTPA by FY25
Jindal Steel and Power.''The company already has plans to use a slurry pipeline from the Barbil region to Angul which will further reduce
the logistics cost
There would not be any significant CAPEX requirement, except for statutory payment, as the mine was already operational,'' added Mr
Sharma.Jindal Steel and Power opened on the NSE at Rs 372, touching an intra day high of Rs 374, and an intra low of Rs 369, in the session
so far