Jump to content

Jindal Stainless Limited

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Pikamander2 (talk | contribs) at 18:53, 1 June 2023. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Jindal Stainless Limited[1][2]
Company typePublic
ISININE220G01021
IndustryStainless Steel
FounderO P Jindal
HeadquartersNew Delhi, India
Area served
Worldwide
Key people
Ratan Jindal (Chairman)
Abhyuday Jindal (Managing Director)
ProductsSlabs
Hot & Cold rolled coils
Slabs
Blooms
Plates
Coin Blanks[3]
Number of employees
20,000
SubsidiariesJindal Lifestyle Limited
Jindal Stainless Steelway Limited
PT Jindal Stainless, Indonesia
Iber Jindal Spain
J.S.S. Steeliatalia Limited
Jindal Stainless FZE, Dubai [1][4]
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.[5][1][4][6]

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) and one overseas manufacturing unit in Indonesia. It has 14 global offices across the world.[1][7]

History

In 1970, O.P. Jindal founded a mini steel plant named Jindal Strips Limited at Hisar.[8] [7][1] 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.[9][7]

Production

The plants of Jindal Stainless are located in Jajpur, Orissa, (India) and Hisar, Haryana (India).[10] 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.[1] 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.[1]

Products

JSL produces a variety of products at its both facilities. Its product range comprises the following:[11] [3][1][7]

Stainless Steel Slabs
Cold Rolled Coils
Hot Rolled Coils
Slabs
Blooms
Plates
Coin Blanks
Precision Strips
Razor Blades[12]


Initiatives

Jindal Stainless has set a target to become an emission free entity by the year 2050.[13] In FY22, it reduced carbon emissions by 1.4 lakh tonnes.[14] The firm has made a collaboration with ReNew Power [13][15] to set up a ~300 MW wind-solar hybrid renewable energy project at its Jajpur plant.[15]

References

  1. ^ a b c d e f g h "Jindal Stainless Ltd". ndtv.com. Retrieved 11 May 2023.
  2. ^ "Q4 results impact: Jindal Stainless, Jindal Saw shares rally up to 13%". economictimes.indiatimes.com. Retrieved 18 May 2023.
  3. ^ a b "Products". jindalstainless.com. Retrieved 11 May 2023.
  4. ^ a b "Jindal Stainless BSE" (PDF). bseindia.com. Retrieved 11 May 2023.
  5. ^ "Jindal Stainless targets top-3 spot globally; lines up Rs 2.5-crore capex". financialexpress.com. Retrieved 18 May 2023.
  6. ^ "Jindal Stainless Announces Special Interim Dividend". livemint.com. Retrieved 11 May 2023.
  7. ^ a b c d "Comapny History:Jindal Stainless". moneycontrol.com. Retrieved 11 May 2023.
  8. ^ "JSL Expects volume to grow by 20% this fiscal". livemint.com. Retrieved 18 May 2023.
  9. ^ "Jindal Stainless Shares Rise 7% After Q4 Profit Beats Forecasts". equitypandit.com. Retrieved 18 May 2023.
  10. ^ "Jindal Stainless Ltd". ndtv.com.com. Retrieved 11 May 2023.
  11. ^ "India's Jindal Stainless Q4 profit falls as higher costs outweigh demand". theprint.in. Retrieved 18 May 2023.
  12. ^ "jindal stainless shares gain over 8 despite a 20 yoy drop in Q4 net profit". mintgenie.livemint.com. Retrieved 18 May 2023.
  13. ^ a b "Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project". businesstoday.com. Retrieved 11 May 2023.
  14. ^ "JSL reduced 1.4 lakh tons CO2 emission in FY22: MD Abhyuday Jindal". thehindubusinessline.com. Retrieved 18 May 2023.
  15. ^ a b "Jindal Stainless to build green hydrogen plant". steeltimesint.com. Retrieved 11 May 2023.
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Jindal_Stainless_Limited&oldid=1158061833"