{"id":286914,"date":"2019-08-09T06:12:07","date_gmt":"2019-08-09T06:12:07","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286914"},"modified":"2019-08-09T06:16:53","modified_gmt":"2019-08-09T06:16:53","slug":"jindal-steel-and-power-shares-fall-company-rejects-rumours-of-payment-default","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jindal-steel-and-power-shares-fall-company-rejects-rumours-of-payment-default\/","title":{"rendered":"Jindal Steel and Power shares fall; company rejects rumours of payment default"},"content":{"rendered":"<p>Shares of Jindal Steel and Power Ltd fell as much as 7.6 per cent to Rs 94.45, their lowest since February 20, 2017. <\/p>\n<p>The steelmaker rejected speculation\/ rumours of payment default in a statement. \u201cBusiness is going on as usual and normal and company is generating adequate cash\u201d &#8211; MD (Designate), V.R. Sharma said. <\/p>\n<p>\u201cThe company is on track to deliver its highest ever volumes this year and should be able to generate better returns for its stakeholders,\u201d the statement said. <\/p>\n<p>The company is to report Q1 results on August 14. Up to last close, the stock had fallen 38 per cent this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Jindal Steel and Power Ltd fell as much as 7.6 per cent to Rs 94.45, their lowest since February 20, 2017. The steelmaker rejected speculation\/ rumours of payment default in a statement. \u201cBusiness is going on as usual and normal and company is generating adequate cash\u201d &#8211; MD (Designate), V.R. Sharma said. \u201cThe company is on track to deliver its highest ever volumes this year and should be able to generate better returns for its stakeholders,\u201d the statement said. The company is to report Q1 results on August 14. Up to last close, the stock had fallen 38 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-286914","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=286914"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286914\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}