Jindal Stainless Stock Jumps: Jindal Stainless stock rose 3% to a high price of Rs 665.50, on 3rd June 2025. After acquiring a 33.6% stake in a special purpose vehicle (SPV) for generating 282 megawatts of hybrid renewable energy to supply clean power to their manufacturing plants. Let’s know about the Jindal Stainless Stocks and the acquisition in detail.
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Jindal Stainless Stock Jumps 3%
Jindal Stainless stock rises 3%, current high price of Rs 665.50. After stake acquisition, 33.6% in a special purpose vehicle for generating 282 megawatts. Jindal Stainless acquires stake in Oyster Green of special purpose vehicles, 33.64% renewable energy developed at the 282 MW hybrid energy project.
700 Million Units of Power
The company expects to receive approximately 700 million units of power annually from this project. This helps to reduce energy costs compared to grid power. Jindal Stainless has committed to the project worth Rs 132 Crore, with Rs 79.2 crore invested in the project.
Jindal Stainless Ltd Acquires 33.64% Stake in Oyster Green for ₹79.20 Crores https://t.co/glB9SPH3Wz #stock #nse #bse #market #JSL #JINDALSTAINLESSLTD.
— Stockwatch.live (@stockwatch_live) June 2, 2025
FAQ On Jindal Stainless Stock Jumps & Stake Acquisition
Q: What is the financial commitment of Jindal Stainless to this project?
A: Jindal Stainless has committed Rs 132 crore to the project, with an initial investment of Rs 79.2 crore already made.
Q: Why did Jindal Stainless’s stock jump on June 3, 2025?
A: Jindal Stainless’s stock jumped 3% to a high of Rs 665.50 after the company announced it had acquired a 33.6% stake in a Special Purpose Vehicle (SPV) focused on renewable energy.
Q: How much power does Jindal Stainless expect to receive from this project annually?
A: The company anticipates receiving approximately 700 million units of power annually from this renewable energy project.
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