Shares of Jindal Steel and Power (JSPL) advanced over 4 per cent in Thursday's session after the company informed bourses that it registered strong growth in sales and production during the December quarter.
Hebei province, China's leading producer of iron and steel, will continue with huge overcapacity cuts in 2020 amid an ongoing industrial upgrading, its governor Xu Qin announced Tuesday.
Indian steel industry has welcomed Indian Government’s decision to promulgate an ordinance to open up coal mining in the country to non coal companies.
For the third quarter ended December 2019, JSPL recorded a growth of 30 per cent in sales at 1.66 million tonnes as against 1.27 million tonnes in the same period last year.