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{{notability|1=Companies|date=May 2023}}

{{Short description|Indian multinational stainless steel company}}
{{Short description|Indian multinational stainless steel company}}
{{Multiple issues|
{{advert|date=May 2023}}
{{Third-party|date=May 2023}}
}}

{{Use Indian English|date=May 2023}}
{{Use Indian English|date=May 2023}}
{{Use dmy dates|date=May 2023}}
{{Use dmy dates|date=May 2023}}
{{Infobox company
{{Infobox company
| name = Jindal Stainless Limited
| name = Jindal Stainless Limited<ref name="auto2">{{cite web |url=https://www.ndtv.com/business/stock/jindal-stainless-ltd_jsl/reports |title=Jindal Stainless Ltd |publisher=ndtv.com |access-date=11 May 2023}}</ref>
| logo =
| logo = Jindal-stainless.png
| logo_size = 250px
| logo_size = 250px
| image =
| image =
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{BSE|532508}}|{{NSE|JindalStainlessLimited}}
| traded_as = {{Unbulleted list|{{BSE|532508}}|{{NSE|JSL}} }}
|[[BSE SENSEX]] Constituent|[[NIFTY 50|NSE NIFTY 50 Constituent]]}}
| ISIN = {{ISIN|sl=n|pl=y|INE220G01021}}
| ISIN = {{ISIN|sl=n|pl=y|INE220G01021}}
| founder = [[O P Jindal]]
| founder = [[O P Jindal]]
Line 22: Line 14:
| location = [[New Delhi]], India
| location = [[New Delhi]], India
| key_people = Ratan Jindal (Chairman)<br />Abhyuday Jindal (Managing Director)
| key_people = Ratan Jindal (Chairman)<br />Abhyuday Jindal (Managing Director)
<br />Tarun Kumar Khulbe (CEO)
| area_served = Worldwide
| area_served = Worldwide
| products = Slabs <br /> Hot & Cold rolled coils <br /> Slabs <br /> Blooms <br /> Plates <br /> Coin Blanks<ref name="auto">{{cite web |url=https://www.jindalstainless.com/products/ |title=Products |publisher=jindalstainless.com |access-date=11 May 2023}}</ref>
| products = Slabs <br /> Hot & Cold rolled coils <br /> Slabs <br /> Blooms <br /> Plates <br /> Coin Blanks<ref name="auto">{{cite web |url=https://www.jindalstainless.com/products/ |title=Products |publisher=jindalstainless.com |access-date=11 May 2023}}</ref>
| revenue = {{up}}{{INRConvert|38721|c}} (2024)<ref name='jsl'>[https://www.moneycontrol.com/financials/jindalstainless/consolidated-profit-lossVI/JSL01#JSL01"JSL Profit & Loss Accounts"]</ref>

| operating_income = {{up}}{{INRConvert|3539|c}} (2024)<ref name='jsl'/>
| net_income = {{up}}{{INRConvert|2640|c}} (2024)<ref name='jsl'/>
| assets = {{up}}{{INRConvert|30817|c}} (2024)<ref name='jsl1'>[https://www.moneycontrol.com/financials/jindalstainless/consolidated-balance-sheetVI/JSL01#JSL01"JSL Balance Sheet"]</ref>
| equity = {{up}}{{INRConvert|14357|c}} (2024)<ref name='jsl1'/>
| num_employees = 20,000
| num_employees = 20,000
| subsid = Jindal Lifestyle Limited<br>Jindal Stainless Steelway Limited<br />PT Jindal Stainless, Indonesia<br />Iber Jindal Spain<br / >J.S.S. Steeliatalia Limited<br />Jindal Stainless FZE, Dubai <ref name="auto2"/><ref name="auto5">{{cite web |url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/b648e758-bf19-4d89-97e2-844dc50e9d08.pdf |title=Jindal Stainless BSE |publisher=bseindia.com |access-date=11 May 2023}}</ref>
| subsid = Jindal Lifestyle Limited<br>Jindal Stainless Steelway Limited<br />Jindal Defence<br />PT Jindal Stainless, Indonesia<br />Iber Jindal Spain<br / >J.S.S. Steeliatalia Limited<br />Jindal Stainless FZE, Dubai <ref name="auto2">{{cite web |url=https://www.ndtv.com/business/stock/jindal-stainless-ltd_jsl/reports |title=Jindal Stainless Ltd |publisher=ndtv.com |access-date=11 May 2023}}</ref><ref name="auto5">{{cite web |url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/b648e758-bf19-4d89-97e2-844dc50e9d08.pdf |title=Jindal Stainless BSE |publisher=bseindia.com |access-date=11 May 2023}}</ref>
| homepage = {{URL|https://www.jindalstainless.com/}}
| homepage = {{URL|https://www.jindalstainless.com/}}
}}
}}


'''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.<ref name="auto2"/><ref name="auto5"/><ref>{{cite web |url=https://www.livemint.com/market/stock-market-news/jindal-stainless-announces-special-interim-dividend-for-fy-22-23-record-date-fixed-11681816448252.html |title=Jindal Stainless Announces Special Interim Dividend |publisher=livemint.com |access-date=11 May 2023}}</ref>
'''Jindal Stainless Limited''' is an Indian [[stainless steel]] maker headquartered in [[New Delhi]]. It is a part of [[Om Prakash Jindal|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.<ref>{{cite web |url=https://www.financialexpress.com/industry/jindal-stainless-targets-top-3-spot-globally-lines-up-rs-2-5-crore-capex/3091853/ |title= Jindal Stainless targets top-3 spot globally; lines up Rs 2.5-crore capex |publisher=financialexpress.com |access-date=18 May 2023}}</ref><ref name="auto2"/><ref name="auto5"/><ref>{{cite web |url=https://www.livemint.com/market/stock-market-news/jindal-stainless-announces-special-interim-dividend-for-fy-22-23-record-date-fixed-11681816448252.html |title=Jindal Stainless Announces Special Interim Dividend |publisher=livemint.com |access-date=11 May 2023}}</ref>


Jindal Stainless is engaged in manufacturing of stainless steel products. Headquartered in New Delhi. It has two stainless steel manufacturing complexes in India, in the states of Haryana (India) and Odisha (India), as well as an overseas manufacturing unit in Indonesia. It has a network of 14 global offices across the world.<ref name="auto2"/><ref name="auto3">{{cite web |url=https://www.moneycontrol.com/company-facts/jindalstainless/history/JSL01 |title= Comapny History:Jindal Stainless |publisher=moneycontrol.com |access-date=11 May 2023}}</ref>
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.<ref name="auto2"/><ref name="auto3">{{cite web |url=https://www.moneycontrol.com/company-facts/jindalstainless/history/JSL01 |title= Company History:Jindal Stainless |publisher=moneycontrol.com |access-date=11 May 2023}}</ref> Its Managing Director, Abhyuday Jindal is the current president of the [[Indian Chamber of Commerce]].<ref>{{Cite web |last=shivampatel1 |date=2024-10-21 |title=Abhyuday Jindal Named New President of Indian Chamber of Commerce |url=https://currentaffairs.adda247.com/abhyuday-jindal-named-new-president-of-indian-chamber-of-commerce/ |access-date=2024-10-21 |website=adda247 |language=en-IN}}</ref>


==History==
==History==
In 1970, O.P. Jindal founded a mini steel plant named Jindal Strips Limited at [[Hisar (city)|Hisar]].<ref>{{cite web |url=https://www.livemint.com/companies/news/jindal-stainless-ltd-expects-20-volume-growth-following-removal-of-export-restrictions-and-surge-in-domestic-demand-11684342913907.html |title= JSL Expects volume to grow by 20% this fiscal |publisher=livemint.com |access-date=18 May 2023}}</ref>

In 1970, O.P. Jindal founded a mini steel plant named Jindal Strips Limited at Hisar.<ref name="auto3"/><ref name="auto2"/> 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.<ref name="auto3"/>
<ref name="auto3"/><ref name="auto2"/> 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.<ref>{{cite web |url=https://www.equitypandit.com/jindal-stainless-shares-rise-7-after-q4-profit-beats-forecasts/ |title= Jindal Stainless Shares Rise 7% After Q4 Profit Beats Forecasts|date= 18 May 2023|publisher=equitypandit.com |access-date=18 May 2023}}</ref><ref name="auto3"/>


==Production==
==Production==
⚫
The plants of Jindal Stainless are located in [[Jajpur]], Odisha and Hisar, Haryana.<ref>{{cite web |url=https://www.ndtv.com/business/stock/jindal-stainless-ltd_jsl/reports |title=Jindal Stainless Ltd |publisher=ndtv.com.com |access-date=11 May 2023}}</ref> 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.<ref name="auto2"/> 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.<ref name="auto2"/>

⚫
The plants of Jindal Stainless are located in Jajpur, Orissa, (India) and Hisar, Haryana (India).<ref>{{cite web |url=https://www.ndtv.com/business/stock/jindal-stainless-ltd_jsl/reports |title=Jindal Stainless Ltd |publisher=ndtv.com.com |access-date=11 May 2023}}</ref> 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 with world-class technology and equipment.<ref name="auto2"/> The Jajpur plant has a melting capacity of 2.1 MTPA and it is equipped with 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.<ref name="auto2"/>


==Products==
==Products==
JSL produces a variety of products in both facilities. Its product range comprises the following:<ref>{{cite web |url=https://theprint.in/business/indias-jindal-stainless-q4-profit-falls-as-higher-costs-outweigh-demand/1579416/ |title= India's Jindal Stainless Q4 profit falls as higher costs outweigh demand|date= 17 May 2023|publisher=theprint.in |access-date=18 May 2023}}</ref>
<ref name="auto"/><ref name="auto2"/><ref name="auto3"/>


Stainless Steel Slabs <br />Cold Rolled Coils <br />Hot Rolled Coils <br />Slabs <br />Blooms <br />Plates <br />Coin Blanks <br />Precision Strips <br />Razor Blades<ref>{{cite web |url=https://mintgenie.livemint.com/news/markets/jindal-stainless-shares-gain-over-8-despite-a-20-yoy-drop-in-q4-net-profit-here-s-why-151684390649157 |title= jindal stainless shares gain over 8 despite a 20 yoy drop in Q4 net profit|publisher=mintgenie.livemint.com |access-date=18 May 2023}}</ref>
JSL produces a variety of products at its both facilities. Its product range comprises the following:<ref name="auto"/><ref name="auto2"/><ref name="auto3"/>

Stainless Steel Slabs <br />Cold Rolled Coils <br />Hot Rolled Coils <br />Slabs <br />Blooms <br />Plates <br />Coin Blanks <br />Precision Strips <br />Razor Blades


==Initiatives==
==Initiatives==
⚫
Jindal Stainless has set a target to become an [[Greenhouse gas emissions|emission free]] entity by the year 2050.<ref name="auto4">{{cite web |url=https://www.businesstoday.in/industry/energy/story/jindal-stainless-partners-with-renew-power-to-setup-300-mw-renewable-energy-project-355301-2022-12-05 |title= Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project |date= 5 December 2022 |publisher=businesstoday.com |access-date=11 May 2023}}</ref> In FY22, it reduced carbon emissions by 1.4 lakh tonnes.<ref>{{cite web |url=https://www.thehindubusinessline.com/companies/jsl-reduced-14-lakh-tons-co2-emission-in-fy22-md-abhyuday-jindal/article66356270.ece |title= JSL reduced 1.4 lakh tons CO2 emission in FY22: MD Abhyuday Jindal |date= 9 January 2023 |publisher=thehindubusinessline.com |access-date=18 May 2023}}</ref> The firm has made a collaboration with ReNew Power <ref name="auto4"/><ref name="auto1">{{cite web |url=https://www.steeltimesint.com/news/jindal-stainless-to-build-green-hydrogen-plant |title= Jindal Stainless to build green hydrogen plant |publisher=steeltimesint.com |access-date=11 May 2023}}</ref> to set up a ~300 MW wind-solar hybrid renewable energy project at its Jajpur plant.<ref name="auto1"/>

⚫
Jindal Stainless has set a target to become an emission free entity by the year 2050.<ref name="auto4">{{cite web |url=https://www.businesstoday.in/industry/energy/story/jindal-stainless-partners-with-renew-power-to-setup-300-mw-renewable-energy-project-355301-2022-12-05 |title= Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project |publisher=businesstoday.com |access-date=11 May 2023}}</ref> From forging strategic partnerships to switching to renewable energy-intensive setups. In FY22, it reduced carbon emissions by 1.4 lakh tonnes. It has partnered with ReNew Power <ref name="auto4"/><ref name="auto1">{{cite web |url=https://www.steeltimesint.com/news/jindal-stainless-to-build-green-hydrogen-plant |title= Jindal Stainless to build green hydrogen plant |publisher=steeltimesint.com |access-date=11 May 2023}}</ref> to set up a ~300 MW wind-solar hybrid renewable energy project to provide clean energy at its Jajpur plant.<ref name="auto1"/>


==References==
==References==
{{Reflist}}
{{Reflist}}


[[Category:Stainless steel]]
{{uncategorised|date=May 2023}}
[[Category:Steel companies of India]]
[[Category:manufacturing companies based in Delhi]]
[[Category:Companies based in New Delhi]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Latest revision as of 14:09, 9 December 2024

Jindal Stainless Limited
Company typePublic
ISININE220G01021
IndustryStainless Steel
FounderO P Jindal
HeadquartersNew Delhi, India
Area served
Worldwide
Key people
Ratan Jindal (Chairman)
Abhyuday Jindal (Managing Director)
Tarun Kumar Khulbe (CEO)
ProductsSlabs
Hot & Cold rolled coils
Slabs
Blooms
Plates
Coin Blanks[1]
RevenueIncrease₹38,721 crore (US$4.5 billion) (2024)[2]
Increase₹3,539 crore (US$410 million) (2024)[2]
Increase₹2,640 crore (US$310 million) (2024)[2]
Total assetsIncrease₹30,817 crore (US$3.6 billion) (2024)[3]
Total equityIncrease₹14,357 crore (US$1.7 billion) (2024)[3]
Number of employees
20,000
SubsidiariesJindal 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]
Websitewww.jindalstainless.com

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]

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

[edit]

In 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

[edit]

The 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

[edit]

JSL 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

[edit]

Jindal 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]
  1. ^ a b "Products". jindalstainless.com. Retrieved 11 May 2023.
  2. ^ a b c "JSL Profit & Loss Accounts"
  3. ^ a b "JSL Balance Sheet"
  4. ^ a b c d e f g "Jindal Stainless Ltd". ndtv.com. Retrieved 11 May 2023.
  5. ^ a b "Jindal Stainless BSE" (PDF). bseindia.com. Retrieved 11 May 2023.
  6. ^ "Jindal Stainless targets top-3 spot globally; lines up Rs 2.5-crore capex". financialexpress.com. Retrieved 18 May 2023.
  7. ^ "Jindal Stainless Announces Special Interim Dividend". livemint.com. Retrieved 11 May 2023.
  8. ^ a b c d "Company History:Jindal Stainless". moneycontrol.com. Retrieved 11 May 2023.
  9. ^ 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)
  10. ^ "JSL Expects volume to grow by 20% this fiscal". livemint.com. Retrieved 18 May 2023.
  11. ^ "Jindal Stainless Shares Rise 7% After Q4 Profit Beats Forecasts". equitypandit.com. 18 May 2023. Retrieved 18 May 2023.
  12. ^ "Jindal Stainless Ltd". ndtv.com.com. Retrieved 11 May 2023.
  13. ^ "India's Jindal Stainless Q4 profit falls as higher costs outweigh demand". theprint.in. 17 May 2023. Retrieved 18 May 2023.
  14. ^ "jindal stainless shares gain over 8 despite a 20 yoy drop in Q4 net profit". mintgenie.livemint.com. Retrieved 18 May 2023.
  15. ^ a b "Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project". businesstoday.com. 5 December 2022. Retrieved 11 May 2023.
  16. ^ "JSL reduced 1.4 lakh tons CO2 emission in FY22: MD Abhyuday Jindal". thehindubusinessline.com. 9 January 2023. Retrieved 18 May 2023.
  17. ^ a b "Jindal Stainless to build green hydrogen plant". steeltimesint.com. Retrieved 11 May 2023.
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