Jindal Steel rises on commissioning first galvanizing line at Angul Integrated Steel Complex
Sandy Verma June 30, 2025 07:24 PM

Jindal Steel & Power is currently trading at Rs. 942.40, up by 3.15 points or 0.34% from its previous closing of Rs. 939.25 on the BSE.

The scrip opened at Rs. 959.05 and has touched a high and low of Rs. 959.05 and Rs. 940.00 respectively. So far 11044 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1074.75 on 01-Jul-2024 and a 52 week low of Rs. 723.95 on 31-Jan-2025.

Last one week high and low of the scrip stood at Rs. 972.95 and Rs. 892.00 respectively. The current market cap of the company is Rs. 96388.12 crore.

The promoters holding in the company stood at 62.22%, while Institutions and Non-Institutions held 27.26% and 10.52% respectively.

Jindal Steel & Power has successfully commissioned its first Continuous Galvanising Line (CGL 1) at its state-of-the-art Angul Integrated Steel Complex in Odisha. This marks a significant expansion in the company’s coated steel product offerings. The new line will produce galvanised and galvalume products under the Jindal Panther Galvanised and ZINKALUME brands, catering to various industries including appliances, automotive, infrastructure, and construction. CGL 1 can process steel thicknesses ranging from 0.15 mm to 1.50 mm and widths from 700 mm to 1400 mm. This advanced setup ensures high precision and consistent quality for a variety of applications.

Jindal Panther Galvanised Products include full hard, soft, and skin-passed galvanised steel, used in products like air conditioners, white goods, electrical panels, ducting systems, coolers, vehicle bodies, silos, and storage boxes. These are also ideal as base material for pre-painted galvanised iron (PPGI). ZINKALUME Galvalume Products are coated with an aluminium + silicon + zinc alloy, offering excellent corrosion resistance and thermal durability. These products are especially suited for refrigerator backs, solar structures, fuel tanks, and pre-painted galvalume (PPGL) applications.

Jindal Steel & Power is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India’s domestic energy and infrastructure requirement.

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