Jindal Group companies, including Jindal Steel and Power Ltd and Jindal Stainless Ltd, purchased electoral bonds worth ₹195.5 crore and were among the top 50 donors, according to the data by the Election Commission of India.
The EC on Thursday, March 14, released the data on the bonds sold by the State Bank of India on its website a day before the Supreme Court-fixed deadline.
Jindal Steel and Power was the 15th biggest donor according to the ECI data. This is based on the transactions between April 12, 2019 and January 24, 2024. The company bought bonds worth ₹123 crore. Jindal Stainless on the other hand bought bonds worth ₹30 crore. Jindal Saw bought ₹29 crore bonds, Jindal Poly Films bought ₹3.5 crore and Jindal House bought bonds worth ₹10 crore.
The Jindal Group was founded by OP Jindal in 1952 by establishing an indigenous single-unit steel plant in Hisar, Haryana. Today, the conglomerate's businesses include mining, power, industrial gases, seaport facilities and steel manufacturing. As of September 2022, the Group's valuation stood at $18 billion (₹18,000 crore).
Other donors in the list include listed entities like Vedanta, Jindal Steel and Power, IFB Agro, Torrent Power, Dr Reddy's Laboratories Aurobindo Pharma, Natco Pharma.
On February 15, a five-judge Constitution bench scrapped the Centre’s electoral bonds scheme that allowed anonymous political funding, calling it "unconstitutional" and ordered disclosure by the EC of donors, the amount donated by them and the recipients.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
PM Modi says great men like Nehru and Ambedkar were against reservation based on religion
Apr 28, 2024 6:41 PM
Exclusive | Congress has turned Bengaluru from 'tech hub to tanker hub': PM Modi
Apr 28, 2024 6:18 PM
Modi Interview | Here's what the Prime Minister said on inheritance tax
Apr 28, 2024 6:05 PM
Congress appeals to EC to increase voting duration, says media report
Apr 28, 2024 4:04 PM