Tag: CostReduction

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  Jindal Steel & Power Announces New Rs 16,000 Crore Capex: Implications and Market Reactions

  Jindal Steel & Power (JSPL) has unveiled a Rs 16,000 crore capital expenditure plan aimed at enhancing efficiency, reducing costs, and boosting steel production capacity. This new investment comes in addition to the Rs 31,000 crore already committed by the company, sparking mixed reactions from analysts. With the goal of increasing crude steel capacity to 15.9 MTPA by FY27, the move signals JSPL’s growth ambitions, though concerns about rising debt and stock performance remain.