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Jindal Steel pioneers coal gasification technology in steelmaking

pre-market1 source ↓written by the desknot a recommendation

Jindal Steel has achieved a global first by utilizing syngas from coal gasification in its galvanizing and colour coating line furnaces, traditionally powered by natural gas and LPG. This innovative application not only enhances production efficiency but also reduces dependence on imported fuels, marking a significant advancement in sustainable steelmaking. ⚙️

The company's earlier success with India's first coal gasification-based Direct Reduced Iron (DRI) plant laid the groundwork for this breakthrough, demonstrating the versatility of coal gasification technology in steel production.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 16 Jul 2026, 07:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JINDALSTEL closed −1.4% on the day of the news, from ₹1,042.20 to ₹1,028.00; Nifty 0.0% over the same session; futures OI +0.3%.

Bulletin at 07:08 IST on 16 Jul 2026. Every change is measured from ₹1,042.20, the last close before it, on 15 Jul. Nifty 50 is measured over the same sessions.

  • JINDALSTEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
JINDALSTEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it915.8910421169axis spans 28%before the news · 15 Jul1042Nifty 50JINDALSTELbulletinD0+1+3+59 Jul21 Jul30 JulFutures open interest, lotspeak 24,000Reference close ₹1,042.20. 16 sessions from 9 Jul to 30 Jul; the price axis spans 28 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before15 Jul₹1,042.20basebase
On the day16 Jul₹1,028.00▼ −1.4%0.0%−1.3 pp difference
+1 session17 Jul₹1,025.00▼ −1.6%▲ +1.1%−2.7 pp difference
+3 sessions21 Jul₹1,044.70▲ +0.2%▲ +0.5%−0.2 pp difference
+5 sessions23 Jul₹1,041.900.0%▼ −0.9%+0.8 pp difference
Gap at the open, % · ₹
0.0%−0.31 on 16 Jul
Day's range, % · ₹
2.0%≈ 21 high to low
Volume on the day
0.68×the 20-session average
Futures OI on the day
▲ +0.3%+72 lots · short build-up · price −1.4%
Futures OI open, lots
23,00016 Jul · 28 Jul expiry
Futures premium, ₹
+3.00+0.3% to spot
Puts per call, by OI
0.65from 0.67 the session before
Max pain
1,060from 1,060 the session before

Source NSE UDiFF bhavcopy · JINDALSTEL on the desk →

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