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ED Raids Jindal Steel's Offices In New Delhi, Gurugram Over Forex Violations: Report

Outlook Business Team

JSPL, which ranked as the fifth-largest crude-steel producer in 2021, did not immediately respond to the queries sent by the news agency. 

Notably, on Thursday, the shares of Jindal Steel plunged as much as 6 per cent. At 2:38 pm, its stocks were down 2.6 per cent at Rs 541. 

Apart from JSPL, Tata Steel, JSW Steel, SAIL, and Nippon Steel India are the key steel manufacturers in India.