Jindal Strips clarifies on News Item
With reference to a News Item published in a leading financial daily titled "Jindal Strips JV with Idcol likely soon", Jindal Strips Ltd has informed BSE that the Company examines/ pursues various opportunities in different areas, from time to time on a continuing basis and in that course of action, the joint venture agreement proposed to be entered into which Idcol is just for exploration of Chromite mines.... Jindal Strips clarifies on news item
With reference to news item appearing in a leading financial daily Jindal Strips Ltd has informed BSE that The Board of Directors in its meeting held on 29th January, 2003 has subject to necessary statutory/other approvals, approved the Scheme of Arrangement between Jindal Strips Limited and its wholly owned subsidiary Jindal Stainless Limited vide which the Stainless Steel Undertaking of Jindal Strips Limited would be merged with Jindal Stainless Limited wef 1st April, 2002.... Jindal Strips to consider scheme of restructuring
A meeting of the Board of Directors of Jindal Strips Ltd will be held on January 29, 2003 to consider and take on record the unaudited financial results for the quarter ended December 31, 2002 and a scheme of restructuring of the company. Jindal Stripes Board approves appointment of E&Y; to recommend and implement restructuring
Jindal Stripes Ltd has informed BSE that the Board of Directors at its meeting held on December 28, 2002 has approved the appointment of M/s Ernst & Young Pvt Ltd (E&Y;) for recommending and implementing restructuring of the company which enables the management to:- Create a focused stainless steel company.- Create a Balanced Capital Structure to facilitate future growth in Stainless Steel Business.... Jindal Stripes Board approves appointment of E&Y; to recommend and implement restructuring
Jindal Stripes Ltd has informed BSE that the Board of Directors at its meeting held today (December 28, 2002) has approved the appointment of M/s Ernst & Young Pvt Ltd (E&Y;) for recommending and implementing restructuring of the company which enables the management to:- Deliver higher Shareholder value- Create a focused stainless steel company and; - Create a corporate structure, which will facilitate fund raising for growth in stainless steel business. Jindal Strips clarifies News Item
With reference to a News Item published in a leading financial daily titled "Jindal Group plans to sell US arm" Jindal Strips Ltd has informed BSE that the management is thinking the proposal for sale of Massillon Stainless, but the same is yet to be reviewed by the Board of Directors. The company has further informed that none of its employees / directors have given the above-cited news to the Newspaper Correspondent. Work resumes at Vizag Unit of Jindal Strips
Jindal Strips Ltd has informed BSE that the operations of Vizag Unit of the company have been restarted. The operation of this unit were stopped temporarily because of disturbance from some of the contract labours. Jindal Strips Director resigns
Jindal Strips Ltd has informed BSE that Sh O P Vaish has resigned from directorship of the company with effect from November 13, 2002. ISO 9002 covers functional working of Jindal Strips Fixed Deposit Section
Jindal Strips Ltd has informed BSE that ISO 9002 certificate now covers functional working of Fixed Deposit Section of the company first time in India for a manufacturing company by British Standards Institution (BSI) Fitch Ratings India upgrades rating assigned to Jindal Strips Fixed Deposits
Jindal Strips Ltd has informed BSE that ratings assigned by Fitch Ratings India Pvt. Ltd to its Fixed Deposits has been upgraded to "t A (Ind)".