JINDALPOLY.NSE News

The appellate tribunal's decision will allow NCLT proceedings to continue in minority shareholders’ ₹2,500-crore siphoning allegations case, marking a key test of India’s class action framework.

The National Company Law Appellate Tribunal has upheld a class action lawsuit against Jindal Poly Films. Minority shareholders had filed the suit claiming Rs 2,500 crore in damages. This ruling could significantly impact minority shareholder rights in India. Other shareholders can now join the lawsuit. The Securities and Exchange Board of India is also investigating Jindal Poly Films.

Jindal Poly Films class action case: The NCLT ruling could have wide ranging implications for the rights of minority shareholders of listed companies in India because class action law suits are rare here.

SINGAPORE (ICIS)--Here is a plant status report: Name: Jindal Poly Films Limited (JPFL) Location: Odisha, India Product: Titanium dioxide (TiO2) Capacity (tonnes/year): 100,000 (Phase 1) Event start:...

MUMBAI (ICIS)--India’s eastern state of Odisha has approved a project by Jindal Poly Films Ltd (JPFL) for the production of titanium dioxide (TiO2), a state government official said on Wednesday....

Odisha has taken a major stride towards accelerating industrial growth with the High-Level Clearance Authority (HLCA) approving seven large industrial projects involving an investment of Rs 55,783 crore. The approvals were accorded at the 43rd HLCA meeting chaired by Chief Minister Mohan Charan Majhi on Thursday. The projects are expected to generate around 14,507 employment opportunities across key sectors, reinforcing the state government’s focus on investment-led growth, job creation and balanced regional development. Addressing the meeting, the Chief Minister said the clearances reflect the government’s resolve to strengthen Odisha’s industrial base and make the state Atmanirbhar, in line with the vision of “Samruddha Odisha by 2036.” The steel sector dominated the approvals, led by Saffron Resources Pvt. Ltd., a JSW Group company, which received clearance for a Rs 35,000 crore integrated steel plant of 6 million tonnes per annum capacity at Dhenkanal. The mega project alone is expected to create around 8,000 jobs, further consolidating Odisha’s position as a major steel hub in the country.

Indian equities see action as Jindal Poly Films posts losses, Canara Bank and Hyundai Motor announce leadership changes, Vodafone secures relief, and Adani expands in aviation.

The Odisha Investors’ Meet held in Hyderabad on Thursday witnessed strong participation from industry leaders, generating investment intent worth Rs 38,700 crore with employment potential for more than 20,200 people on the first day of the two-day roadshow. The high-level investment outreach programme was organised by the Government of Odisha to strengthen industry partnerships and showcase the state’s growing industrial capabilities to national and global investors. On Day One, the CM Mohan Majhi held one-to-one interactions with senior executives of leading companies across key sectors such as pharmaceuticals, medical devices, green energy, textiles, food processing, engineering goods, automotive components and capital equipment manufacturing. The discussions focused on exploring new investment avenues and expansion of industrial operations in Odisha. As part of the engagement, 15 Government-to-Business (G2B) meetings were conducted with prominent companies including Indorama Industries Ltd, Jindal Poly Films (rare earth processing), ABI Showatech Pvt Ltd (defence manufacturing), and Maruti in the metals and downstream sector, among others.

The markets regulator has asked the National Company Law Tribunal for permission to join a case in which minority shareholders are suing Jindal Poly Films and members of its promoter family for allegedly siphoning assets worth more than ₹2,500 crore. But why?