Jindal Steel shares gain after promoter Naveen Jindal’s thyssenkrupp Steel bid

Jindal Steel Ltd’s share price is up today. At 12:30 p.m. 18^th September, 2025, the share price is up by 0.68% trading at Rs 1,040.65. Nifty 50 index is up by 0.33% at this time. Nifty Metal Index, of which Jindal Steel Ltd is a constituent, is down by 0.04% at this time. In the past 5 days, Jindal Steel’s shares have lost 0.16%.

Jindal Steel International’s thyssenkrupp Steel bid

The gains today follow the announcement yesterday that Jindal Steel International has made a non-binding bid for thyssenkrupp Steel Europe. thyssenkrupp is a Germany based steel company. Jindal Steel International is a private company majorly owned by Jindal Steel Ltd promoter, Naveen Jindal. Jindal Steel International has committed to invest Euro 2 billion in de-carbonization measures at thyssenkrupp’s European steel plants if the acquisition goes through.

European Union is imposing higher carbon taxes on steel imports into EU from 2026. This acquisition will help Jindal Steel International in avoiding these taxes. Its iron ore mines in Cameroon will be able to supply raw materials to thyssenkrupp’s steel plants.

Both Jindal Steel International and thyssenkrupp have issued statements confirming the bid.

Jindal Steel Ltd’s shares have gained 10.76%, year-to-date (YTD) in 2025. In the same period Nifty 50 index has gained around 7%. The stock has outperformed the Nifty 50 index by more than 3% this year.

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Source: NSE