Jindal Steel & Power Limited has posted a phenomenal increase in standalone net profit for the period Q4 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit rises 18% to Rs 648.33 crore in comparison to Rs 538.12 crore of Q4 (ending Mar 2010) of previous year(FY10). Jindal Steel & Power Limited is a part of about US $ 12 billion diversified O. P. Jindal Group. It is a leading player in Steel, Power, Mining, Coal to Liquid, Oil & Gas and Infrastructure, consistently tapping new opportunities by increasing production capacity, diversifying investments, and leveraging its core capabilities to venture into new businesses.
The company informed the share market (BSE/NSE) that the toatal income increased 15% to Rs 2865.41 crore in quarter ended Apr 2011 when compared with the last years same quarter ended Apr 2010 which was Rs 2487.21 crore.
The board of directors recommended a final dividend of Rs 1.50 per share (150% on face value of Rs 1).
Share’s Data :-
BSE Code : 532286
Mkt. Cap: Rs 64,812.39 Crores
Jindal Steel & Power Ltd. share’s CMP is Rs 693.70 on 21st Apr 2011.
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