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Jindal Stainless appoints former Adani Energy executive Kunjal Mehta as CFO
Jindal Stainless, India's leading stainless steel maker, has appointed Kunjal Mehta, formerly of Adani Energy Solutions, as its new Chief Financial Officer, effective June 25. Mehta, a seasoned finance professional with extensive experience in corporate finance and value creation, is expected to bolster the company's financial strength and growth. Jindal Stainless is currently expanding its production capacity and global reach.
Jindal Steel, Thyssenkrupp pause talks on steel unit stake
Thyssenkrupp AG and Jindal Steel International have paused discussions on a potential stake sale in the German firm’s steel unit. The company said the assumptions for the deal have changed, citing progress in restructuring its steel business and a more favourable regulatory environment in Europe, which offers better growth prospects despite high energy costs.
Jindal Steel deploys syngas in furnaces to counter shortages of natural gas, LPG
Jindal Steel has successfully used syngas in its galvanizing and color coating furnaces. This move counters shortages of natural gas, LPG, and propane. It allows the company to maintain operations amid supply disruptions. Jindal Steel is a pioneer in using syngas for steelmaking. This innovation strengthens energy security and supports low-carbon steel production.
Nifty Metal gains 3%; Tata Steel, JSW, LloydsME jump up to 7%: Here's why
Excluding National Aluminium, 14 of 15 index constituents rose on Friday, with Lloyds Metals & Energy, Tata Steel, JSW Steel, Jindal Steel, and APL Apollo Tubes gaining over 3 per cent each
Nomura retains confidence in Indian steel cos; Tata, JSW among top picks
Among sector players, Nomura has maintained Buy recommendations on Tata Steel with a target price of ₹220 per share, JSW Steel at ₹1,340, Jindal Steel at ₹1,280, and Lloyds Metals & Energy at ₹1,600
Stocks to Watch Today: Info Edge, KEC International, RITES, NHPC, NTPC, NPST, Poonawalla Fincorp, Uflex, Delhivery, Redtape in focus on 09 April
Stocks to Watch, 09 Apr: Stocks like Info Edge India, KEC International, Lupin, RITES, NHPC, NTPC, Redtape, Bosch, Poonawalla Fincorp, Delhivery, Jindal Poly Films, Uflex, ITC Hotels, and Steel Authority of India will be in focus on April 9.