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Jindal Steel pioneers coal gasification for 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 furnaces. This innovation offers an alternative to traditional fuels like natural gas, potentially reducing dependence on imported energy sources. The move follows the commissioning of India's first coal gasification-based Direct Reduced Iron (DRI) plant, showcasing the technology's versatility 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 2 Jul 2026, 07:08 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JINDALSTEL closed +1.5% on the day of the news, from ₹1,028.80 to ₹1,043.80; Nifty +0.7% over the same session; futures OI +0.4%.

Bulletin at 07:08 IST on 2 Jul 2026. Every change is measured from ₹1,028.80, the last close before it, on 1 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 it904.1110291153axis spans 28%before the news · 1 Jul1029Nifty 50JINDALSTELbulletinD0+1+3+524 Jun7 Jul16 JulFutures open interest, lotspeak 24,000Reference close ₹1,028.80. 16 sessions from 24 Jun to 16 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 %
Before1 Jul₹1,028.80basebase
On the day2 Jul₹1,043.80▲ +1.5%▲ +0.7%+0.8 pp difference
+1 session3 Jul₹1,054.00▲ +2.5%▲ +1.1%+1.4 pp difference
+3 sessions7 Jul₹1,035.40▲ +0.6%▲ +1.6%−1.0 pp difference
+5 sessions9 Jul₹1,029.80▲ +0.1%▼ −0.2%+0.3 pp difference
Gap at the open, % · ₹
▲ +0.5%+5.25 on 2 Jul
Day's range, % · ₹
1.6%≈ 17 high to low
Volume on the day
0.56×the 20-session average
Futures OI on the day
▲ +0.4%+99 lots · long build-up · price +1.5%
Futures OI open, lots
23,0002 Jul · 28 Jul expiry
Futures premium, ₹
+5.80+0.6% to spot
Puts per call, by OI
0.85from 0.87 the session before
Max pain
1,080from 1,090 the session before

Source NSE UDiFF bhavcopy · JINDALSTEL on the desk →

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