Jindal Steel & Power (NSE: JINDALSTEL) is an Indian steel and energy company founded in 1952 by O.P. Jindal. The company has a significant presence in steel, power, mining, and infrastructure sectors in India. JSPL’s products include a wide range of steel products such as rails, plates, bars, angles, and other customized products.
The company has a robust global footprint with operations in Australia, Mozambique, Namibia, Indonesia, Oman, and the United Arab Emirates. The company has a total steelmaking capacity of 12.5 million tonnes per annum (MTPA) and a power generation capacity of 5,040 megawatts (MW). Consolidated gross revenues for the third quarter of FY23 were ₹14,452 Crore. On a quarterly basis, adjusted EBITDA of ₹2,296 Crore increased by 51%. PAT (before exceptional) increased by 1% QoQ to ₹897 Crore for the quarter. Reported PAT was ₹518 Cr, up 136% year over year. Consolidated net debt increased by ₹36 Cr to ₹7,090 Crore as of December 31, 2022. LTM Net debt to EBITDA was 0.66 x as of December 31, 2022.