Jindal Steel and Power to rename itself 'Jindal Steel' to reflect core business focus
Published on 16/06/2025 10:57 PM
Jindal Steel and Power to rename itself 'Jindal Steel' to reflect core business focusAs part of the proposal, consequential amendments will be made to the company's Memorandum of Association and Articles of Association. Shares of Jindal Steel and Power Ltd ended at ₹920.50, down by ₹0.20, or 0.022%, on the BSE.By Jomy Jos Pullokaran June 16, 2025, 10:57:28 PM IST (Published)2 Min ReadJindal Steel and Power Limited (JSPL) on Monday (June 16) announced that its board of directors has approved a proposal to change the company’s name to Jindal Steel Limited, subject to necessary approvals from shareholders and statutory authorities.
The rebranding move is aimed at aligning the company’s identity more closely with its core business focus on steel manufacturing. As part of the proposal, consequential amendments will be made to the company's Memorandum of Association and Articles of Association.
Also Read: JSPL Q3 Results: Profit falls 51% despite 5% growth in steel sales
The proposed name change will take effect following requisite approvals from shareholders, the Ministry of Corporate Affairs, and other regulatory bodies as required under applicable laws.
Fourth Quarter
Jindal Steel and Power reported a consolidated loss of ₹304 crore for the March quarter of 2024-25. It had posted a net profit of ₹933 crore in the January-March period of 2023-24, the company said in a statement.
The company's gross revenue fell to ₹15,525 crore from ₹15,749 crore in the year-ago quarter. The company produced 2.11 million tonne of steel, up from 2.05 million tonnes in the fourth quarter last financial year. Sales rose to 2.13 million tonnes from 2.01 million tonnes in the same quarter of FY24.
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The Board of Directors also recommended a final dividend of 200 per cent, i.e., ₹2 per share for the year, subject to approval of shareholders.
Shares of Jindal Steel and Power Ltd ended at ₹920.50, down by ₹0.20, or 0.022%, on the BSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsJindal Steel and Powershare market today