Tag: Jindal Steel & Power

Jindal Steel & Power appoints Rohit Kumar to its Board

Jindal Steel & Power Limited announced the appointment of Rohit Kumar to its Board of Directors, with effect from September 20, 2022. According to the company’s exchange filing, “we wish to inform you that the Board of Directors of the Company, based on the recommendation of the Nomination and Remuneration Committee, through resolution passed by…

Ramkumar Ramaswamy joins Jindal Steel & Power as Chief Financial Officer

Jindal Steel and Power Limited announced the appointment of Ramkumar Ramaswamy as Chief Financial Officer of the company, with effect from May 21, 2022. According to the company’s exchange filing, “this is to inform that Mr. Ramkumar Ramaswamy, has been appointed as the Chief Financial Officer (CFO) and Key Managerial Person (KMP) of the Company…

JSPL to sell Jindal Power to reduce emissions, debt

JSPL announced that it has agreed to divest 96.42% stake in Jindal Power Limited to Worldone Private Limited. The divestment is in line with JSPL’s strategic objective to continuously reduce its debt, focus on its India Steel business and significantly reduce its carbon footprint by almost half as part of its ESG objectives, the statement…

Hemant Kumar appointed Chief Financial Officer of JSPL

Jindal Steel and Power Ltd (JSPL) has announced the appointment of Hemant Kumar as the Chief Financial Officer (CFO) and key managerial personnel, effective from Dec 15, 2020. Kumar has experience of more than nine years with JSPL, working as a strategic planner with close coordination with senior leadership teams in the formulation of business…

JSPL to divest entire stake in its Oman arm Jindal Shadeed

JSPL, one of India’s fastest growing and largest integrated steel manufacturers, announced that its subsidiary, Jindal Steel & Power (Mauritius) Ltd. (JSPML) has accepted a binding offer from Templar Investments Limited to divest its entire stake in its Oman asset, Jindal Shadeed Iron and Steel Co LLC (JSIS Oman). The enterprise value of the deal…