Jindal Stainless Limited is an Indian stainless steel maker headquartered in New Delhi. It is a part of OP Jindal group. The firm has a melt capacity of 2.9 million tonnes per annum which makes it the largest stainless steel producer of India. Incorporated in 1970, it ranks among the top 5 stainless steel makers of the world.[6][4][5][7]
 | |
| Company type | Public |
|---|---|
| ISIN | INE220G01021 |
| Industry | Stainless Steel |
| Founder | O P Jindal |
| Headquarters | New Delhi, India |
Area served | Worldwide |
Key people | Ratan Jindal (Chairman) Abhyuday Jindal (Managing Director) Tarun Kumar Khulbe (CEO) |
| Products | Slabs Hot & Cold rolled coils Slabs Blooms Plates Coin Blanks[1] |
| Revenue |  ₹38,721 crore (US$4.6 billion) (2024)[2] |
| ₹3,539 crore (US$420 million) (2024)[2] | |
| ₹2,640 crore (US$320 million) (2024)[2] | |
| Total assets | ₹30,817 crore (US$3.7 billion) (2024)[3] |
| Total equity | ₹14,357 crore (US$1.7 billion) (2024)[3] |
Number of employees | 20,000 |
| Subsidiaries | Jindal Lifestyle Limited Jindal Stainless Steelway Limited Jindal Defence PT Jindal Stainless, Indonesia Iber Jindal Spain J.S.S. Steeliatalia Limited Jindal Stainless FZE, Dubai [4][5] |
| Website | www |
Jindal Stainless has two stainless steel manufacturing complexes in India, in the states of Haryana and Odisha and one overseas manufacturing unit in Indonesia. It has 14 global offices across the world.[4][8] Its Managing Director, Abhyuday Jindal is the current president of the Indian Chamber of Commerce.[9]
History
editIn 1970, O.P. Jindal founded a mini steel plant named Jindal Strips Limited at Hisar.[10] [8][4] It started manufacturing hot rolled carbon steel coils, plates, slabs and blooms. It was the beginning of the story for Jindal Stainless. Over the years, the company expanded its capacity at Hisar. In 2002, Jindal Strips was restructured as Jindal Stainless. In 2003, Jindal Stainless set up its integrated stainless steel plant at Jajpur in Odisha with a capacity scalable up to 3.2 MTPA. The plant became operational in 2011.[11][8]
Production
editThe plants of Jindal Stainless are located in Jajpur, Odisha and Hisar, Haryana.[12] The Jajpur facility started operating in 1970 while the Hisar plant was made operational in the year 1975. The plants comprise 2.9 million tonnes per annum of stainless steel melting facilities.[4] The Jajpur plant has a melting capacity of 2.1 MTPA. The plant has a captive power generation facility of 264 MW. The Hisar plant has a melting capacity of 0.8 MTPA. It is also India's largest producer of coin blanks.[4]
Products
editJSL produces a variety of products in both facilities. Its product range comprises the following:[13] [1][4][8]
Stainless Steel Slabs
Cold Rolled Coils
Hot Rolled Coils
Slabs
Blooms
Plates
Coin Blanks
Precision Strips
Razor Blades[14]
Initiatives
editJindal Stainless has set a target to become an emission free entity by the year 2050.[15] In FY22, it reduced carbon emissions by 1.4 lakh tonnes.[16] The firm has made a collaboration with ReNew Power [15][17] to set up a ~300 MW wind-solar hybrid renewable energy project at its Jajpur plant.[17]
References
edit- ^ a b "Products". jindalstainless.com. Retrieved 11 May 2023.
- ^ a b c "JSL Profit & Loss Accounts"
- ^ a b "JSL Balance Sheet"
- ^ a b c d e f g "Jindal Stainless Ltd". ndtv.com. Retrieved 11 May 2023.
- ^ a b "Jindal Stainless BSE" (PDF). bseindia.com. Retrieved 11 May 2023.
- ^ "Jindal Stainless targets top-3 spot globally; lines up Rs 2.5-crore capex". financialexpress.com. Retrieved 18 May 2023.
- ^ "Jindal Stainless Announces Special Interim Dividend". livemint.com. Retrieved 11 May 2023.
- ^ a b c d "Company History:Jindal Stainless". moneycontrol.com. Retrieved 11 May 2023.
- ^ shivampatel1 (21 October 2024). "Abhyuday Jindal Named New President of Indian Chamber of Commerce". adda247. Retrieved 21 October 2024.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "JSL Expects volume to grow by 20% this fiscal". livemint.com. Retrieved 18 May 2023.
- ^ "Jindal Stainless Shares Rise 7% After Q4 Profit Beats Forecasts". equitypandit.com. 18 May 2023. Retrieved 18 May 2023.
- ^ "Jindal Stainless Ltd". ndtv.com.com. Retrieved 11 May 2023.
- ^ "India's Jindal Stainless Q4 profit falls as higher costs outweigh demand". theprint.in. 17 May 2023. Retrieved 18 May 2023.
- ^ "jindal stainless shares gain over 8 despite a 20 yoy drop in Q4 net profit". mintgenie.livemint.com. Retrieved 18 May 2023.
- ^ a b "Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project". businesstoday.com. 5 December 2022. Retrieved 11 May 2023.
- ^ "JSL reduced 1.4 lakh tons CO2 emission in FY22: MD Abhyuday Jindal". thehindubusinessline.com. 9 January 2023. Retrieved 18 May 2023.
- ^ a b "Jindal Stainless to build green hydrogen plant". steeltimesint.com. Retrieved 11 May 2023.