{"id":123845,"date":"2024-05-08T16:05:38","date_gmt":"2024-05-08T10:35:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=123845"},"modified":"2024-05-08T16:28:46","modified_gmt":"2024-05-08T10:58:46","slug":"steel-stock-jumps-after-company-signed-mou-with-indian-coast-guard-to-supply-marine-grade-steel","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/steel-stock-jumps-after-company-signed-mou-with-indian-coast-guard-to-supply-marine-grade-steel\/","title":{"rendered":"Steel stock jumps after company signed MoU with Indian Coast Guard to supply marine-grade steel"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4208558915\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of India\u2019s leading steel manufacturer gained 2.6% to an intraday high of \u20b9948 per share after the company signed an MoU with the Indian Coast Guard to supply marine-grade steel.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4198597842\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong>Jindal Steel &amp; Power Ltd<\/strong> is a large-cap stock with a market capitalization of \u20b9 96,133 crore. On Wednesday, at 2:30 a.m., the company\u2019s shares were trading at \u20b9 938 apiece, up 1.48 percent.\u00a0<\/p><p><strong>According to reports, the Indian Coast Guard (ICG) and Jindal Steel &amp; Power have inked a Memorandum of Understanding (MoU) in New Delhi, for the supply of indigenous marine-grade steel to enhance the indigenous content in shipbuilding.&nbsp;<\/strong><\/p><p>This collaboration signifies a joint dedication to promoting self-reliance and enhancing capacities for the production and utilization of these materials in the Nation\u2019s interest.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-478783384\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Jindal Steel &amp; Power Ltd. shares have gained a return of 50% in the last six months and 32% in the last year.&nbsp;<\/p><p>The company\u2019s operational revenue has declined by 11 percent year on year from \u20b912,452 crore in Q3FY23 to \u20b911,071 crore in Q3FY24, while net profit increased by 272% from \u20b9 518 crore to \u20b91,928 crore.&nbsp;<\/p><p>Jindal Steel &amp; Power Ltd(JSP) is one of India&#8217;s leading steel producers with a significant presence in sectors like mining and power generation. The group has a global presence through subsidiaries, mainly in Australia, Botswana, Indonesia, Mauritius, Mozambique, Madagascar, Namibia, South Africa, Tanzania, and Zambia.&nbsp;<\/p><p>The company offers a wide range of steel products, which include plates &amp; coils, wire rod &amp; TMT rebar, track rails, and structural steel products such as beams and columns, channels, angles, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2047216700\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of India\u2019s leading steel manufacturer gained 2.6% to an intraday high of \u20b9948 per share after the company signed an MoU with the Indian Coast Guard to supply marine-grade steel.&nbsp; Jindal Steel &amp; Power Ltd is a large-cap stock with a market capitalization of \u20b9 96,133 crore. On Wednesday, at 2:30 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-123845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Steel stock jumps after company signed MoU with Indian Coast Guard to supply marine-grade steel - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of one of India\u2019s leading steel manufacturer gained 2.6% to an intraday high of \u20b9948 per share after the company signed an MoU with the Indian Coast Guard to supply marine-grade steel.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/steel-stock-jumps-after-company-signed-mou-with-indian-coast-guard-to-supply-marine-grade-steel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steel stock jumps after company signed MoU with Indian Coast Guard to supply marine-grade steel\" \/>\n<meta property=\"og:description\" content=\"The shares of one of India\u2019s leading steel manufacturer gained 2.6% to an intraday high of \u20b9948 per share after the company signed an MoU with the Indian Coast Guard to supply marine-grade steel.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/steel-stock-jumps-after-company-signed-mou-with-indian-coast-guard-to-supply-marine-grade-steel\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-08T10:35:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-08T10:58:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/02\/steel000.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/steel-stock-jumps-after-company-signed-mou-with-indian-coast-guard-to-supply-marine-grade-steel\/\",\"url\":\"https:\/\/tradebrains.in\/features\/steel-stock-jumps-after-company-signed-mou-with-indian-coast-guard-to-supply-marine-grade-steel\/\",\"name\":\"Steel stock jumps after company signed MoU with Indian Coast Guard to supply marine-grade steel - 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