Jindal Steel & Power Ltd. changes its name to Jindal Steel Ltd. in alignment with its core business and strategic focus, approved by the board of directors.
Lodha Developers Ltd., previously known as Macrotech Developers Ltd., also changed its name with sanction from the Registrar of Companies.
Jindal Steel has a significant presence in steel, mining, power, and infrastructure industries, with operations in various continents including India, Africa, and Australia.
The stock price of Jindal Steel closed 0.20% higher at Rs 922.60 apiece on the NSE, with analysts giving varying ratings and a 5.7% potential upside according to Bloomberg data.