Stock Report VittNivesh

Equity Report #69 Jindal Steel & Power Ltd.

Hello Finance Enthusiast!

We are back with another #EquityReport on Jindal Steel & Power Ltd.
JSPL is a leading supplier of steel, electricity, mining, oil and gas, and infrastructure in India. The company produces steel and electricity through backward integration from its own coal and iron ore mines.

It is the third largest steel producer in India in terms of tonnage. The company produces and sells sponge iron, mild steel sheet, ferrochrome, iron ore, mild steel, hot-rolled structural sheet and coil, and a carbon-based sponge iron factory.

JSPL is a leading Indian conglomerate committed to strengthening the nation’s future and working to build a better world. Jindal Steel & Power achieved a strong 17% CAGR in FY16-21 and aims to increase CAGR by more than 5% from FY21-23 over existing capacity.

After going through some ups & downs, company is back on track. Do give your views about the company!

Credits: Tanvi PalejaRajat mehtaNeha Sadekar

#finance#steel#power#fundamentalanalysis#market#jindal#VittNivesh#nibm

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