Jindal Steel Ltd
NSE: JINDALSTEL BSE: 532286
₹1196.80
(-2.15%)
Sat, 23 May 2026, 05:48 pm
Market Cap1247.36B
PE Ratio36.11
Dividend0.16
Non-Energy Minerals
Steel
24.5KCompany History
1998
- Changed name from Orbit Strips Ltd. to Jindal Steel & Power Ltd. on June 12.
1999
- Appointed O.P. Jindal, Ratan Jindal, and M.L. Gupta as additional directors.
- Appointed M.L. Gupta as whole-time director effective May 1 for five years.
- Joined depository system for dematerialisation of securities.
- Raigarh and Raipur divisions hived off from Jindal Strips Limited per High Court approved scheme.
- Issued Rs. 60 crore through 14% cumulative redeemable preference shares on private placement.
- Recommissioned Steel Melting Shop in October after shutdown in May 1998 due to explosion.
2000
- Raised Rs. 10 crore through 10.5% redeemable cumulative non-convertible preference shares.
- Issued Rs. 20 crore through 14% cumulative redeemable non-convertible preference shares.
- Commissioned Round Caster Unit in Raigarh in May.
- Entered agreement with Maharashtra Seamless Ltd. for 50,000 MT rounds annually for five years.
- Launched fixed deposit schemes in February.
- Launched Infovergix Technologies Ltd. for IT services.
2001
- Setting up 2.5 million MT capacity coal washery.
- Introduced alloy steel rounds.
- Signed MOU with Chhattisgarh government to invest Rs. 6,400 crore over seven years.
2002
- Appointed M L Gupta as whole-time director effective December 23, replacing S N Singh who resigned November 15.
2003
- Converted Rs. 200 crore debt to foreign currency loan.
- Posted net profit of Rs. 144.9 million.
- Received approval for delisting from Delhi Stock Exchange and Stock Exchange Ahmedabad.
2004
- Appointed Sushil K Maroo as whole-time director from May 20.
2005
- Signed MOU with Government of Chhattisgarh on January 7.
- Signed MoU with Jharkhand Government on July 5.
- Inked agreement with South African and German companies for coal gasification at proposed 6 MTPA steel plant in Orissa.
2006
- Bolivia inked JV deal with Jindal for El Mutun development.
- Appointed Suresh Baid as additional independent director.
2007
- Appointed A K Purwar as independent director.
- Appointed Ram Vinay Shahi as additional independent director and audit committee member.
- Appointed Arun Kumar Mukherji as additional director and whole-time director effective April 1, 2008.
2008
- Split face value from Rs 5 to Rs 1.
- Subsidiary Jindal Power Ltd. commissioned fourth 250 MW unit, completing 1000 MW project.
2009
- Appointed Ashok K Mohapatra, Haigreve Khaitan, Hardip Singh Wirk, and Rahul Mehra as independent directors.
- Appointed Arun Kumar as additional independent director.
- Issued bonus shares in 5:1 ratio.
2010
- Agreed to acquire Shadeed Iron & Steel Co. LLC through 100% subsidiary Jindal Steel & Power (Mauritius) Ltd.
- Ranked highest corporate taxpayer in northwest region.
- Started Unit II of 135 MW power generation at Dongamahua.
- Power unit received in-principle green nod.
- Ranked 25th in Super 100 companies in India.
2011
- Ranked 3rd in metals category of Businessworld's most respected companies survey.
- Launched on-market cash offer to acquire Rocklands Richfield.
- Ranked 37th in BW REAL 500 top companies.
- Jindal Steel Bolivia commenced dispatch of iron ore from El Mutun mines.
2012
- Commenced commercial operation of 4th 135 MW power unit at Dongamahua, Raigarh.
- Started commercial production of 5.0 meter wide plate mill at Angul.
- Acquired CIC Energy Corp. Canada with 6 billion tonne coal resources in Botswana.
- Ravi Uppal joined as MD & CEO.
- Ranked among India's Top 40 Fastest Growing Companies.
2013
- Acquired over 30% stake in Gujarat NRE Coking Coal.
- Jindal Power Limited awarded Best Leadership Development Program by World HRD Congress.
- Acquired majority stake in Gujarat NRE.
2014
- Jindal Shadeed commissioned 2 MTPA integrated steel plant in Oman.
- Won again on Bolivia project.
- Launched new creative identity 'Lohe se bana, Loha sa bana'.
- Vindicated on Bolivia project by international tribunal.
2015
- Received International Safety Award from British Safety Council, UK.
- Steel division powered construction of India's fastest 33-storied building in 99 days.
- JSPL Foundation partnered with Habitat for Humanity India for J&K disaster relief.
- Launched new creative identity 'Lohe se bana, Loha sa bana'.
2016
- Won prestigious CSR award.
2017
- Completed 250-ton BOF at Angul steel plant.
2018
- Bagged 1 lakh tonne rail order from Indian Railways in first-ever global tender.
2019
- Won rail contracts worth Rs. 665 crore from RVNL.
- Bagged order from Railways for additional 30,000 tonne rails.
2020
- Began transportation of iron ore from Odisha mines.
- Became first company to supply head hardened rails to Metro Rail projects in India.
- Produced rails approved by Indian Railways for main track usage.
2021
- Upgraded rails inspection technology at Raigarh plant.
2022
- Won national CSR award.
2023
- Extended support to RINL in historic collaboration.
- Gare Palma IV/6 Coal Mine started production to fuel proposed 6 MTPA Chhattisgarh Steel Plant expansion.
- Announced setup of new 1.2 MTPA Rail Mill at Angul, Odisha.
2024
- Signed MOU with Indian Coast Guard for supply of indigenous marine grade steel.
- Diversified coking coal sources to mitigate risks and reduce costs.
- Achieved milestone with state-of-the-art hot strip mill commissioning and first rake dispatch.
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