Jindal Steel Ltd: Recent Strategic Developments and Market Impact
International Contract with Zimbabwe
On 17 September 2025, Jindal Steel’s Africa‑focused unit entered into a US$455 million, 15‑year concession agreement with the Zimbabwean government for the refurbishment of the 920 MW Hwange thermal power station.
The contract covers the overhaul of six aging coal‑fired units, with the work to be completed over the agreed concession period.
The announcement was reported by Moneycontrol.com and SteelRadar.com.
Bid for Thyssenkrupp Steel Europe
Jindal Steel International (JSI), a subsidiary of the Indian parent company, has made a non‑binding offer to acquire Thyssenkrupp Steel Europe (TSSE).
Multiple German and international business outlets (BusinessToday.in, Tagesschau.de, Finanznachrichten.de, Manager‑Magazin.de, Rnd.de, T‑Online.de) covered the development, noting that the offer is still under review by Thyssenkrupp AG.
The proposed transaction is said to leverage JSI’s financial strength and global steel manufacturing expertise, positioning the company to expand its European footprint.
Market Reaction
Following the announcement of the Thyssenkrupp approach, Jindal Steel shares rose by up to 7.9 % intraday and closed the day 4.4 % higher, marking the best closing performance in more than four years.
The share price on 16 September 2025 closed at ₹1,033.65, with a 52‑week high of ₹1,069 (02 October 2024) and a 52‑week low of ₹723.35 (30 January 2025).
Company Overview
Sector: Materials
Industry: Metals & Mining
Primary Exchange: National Stock Exchange of India
Business Scope: Power, mining, manufacturing, and infrastructure construction, serving a global customer base.
Financial Snapshot
Price‑to‑Earnings Ratio: 37.58
The recent developments underscore Jindal Steel’s strategy to diversify geographically and strengthen its portfolio through significant acquisitions and large‑scale contracts.
