Jindal Stainless Limited (JSL)
Acquisition
Chromeni Steels Limited, a wholly owned subsidiary of Jindal Stainless Limited, acquired 40% equity stake in Oyster Green Hybrid Four Private Limited, a special purpose vehicle for a 24 MW wind solar hybrid captive renewable energy project. The project aims to produce about 70 million units annually for captive consumption by CSL. The acquisition aligns with the company's commitment to renewable energy and net zero carbon emissions by 2050. The current investment tranche is ₹1.25 crore, part of a total ₹12.50 crore commitment. Project commissioning is expected by Q1 FY28.
Source: Original filing PDF
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🚨 JSL — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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