Jindal Shares Rise on New Slag Plant

  Published 9 months ago

Jindal shares hit 804.4 rupees, a three‑week high, after announcing slag plant expansion project details.

  • Capacity will double with the new milling plant, costing $150 million under a 15‑year Harsco partnership in Odisha.
  • Analysts rate JIST a buy; median target 767.5 rupees, reflecting optimistic outlook for the stock.
  • Shares up 3.5% in two sessions, 12.1% YTD, lagging NIFTYMET’s 18.6% rise overall metal sector.

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