Jindal Stainless Limited
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| 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) |
| Products | Slabs Hot & Cold rolled coils Slabs Blooms Plates Coin Blanks[2] |
Number of employees | 20,000 |
| Subsidiaries | Jindal Lifestyle Limited Jindal Stainless Steelway Limited PT Jindal Stainless, Indonesia Iber Jindal Spain J.S.S. Steeliatalia Limited Jindal Stainless FZE, Dubai [1][3] |
| Website | www |
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.[1][3][4]
Jindal Stainless is engaged in manufacturing of stainless steel products. The product range includes stainless steel slabs, hot rolled coils, cold rolled coils, slabs, blooms, plates, coin blanks, rajor blades, precision strips, and razor blades. 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 world-wide network of 14 global offices across the world.[1][5]
History
In 1970, O.P. Jindal founded a mini steel plant named Jindal Strips Limited at Hisar.[5][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 upto 3.2 MTPA. The plant became operational in 2011.[5]
Production
The plants of Jindal Stainless are located in Jajpur, Orissa, (India) and Hisar, Haryana (India).[6] 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.[1] 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.[1]
Products
JSL produces a variety of products at its both facilities. Its product range comprises of the following:[2][1][5]
Stainless Steel Slabs
Cold Rolled Coils
Hot Rolled Coils
Slabs
Blooms
Plates
Coin Blanks
Precision Strips
Razor Blades
Initiatives
Jindal Stainless has set a target to become an emission free entity by the year 2050.[7] From forging strategic partnerships to switching to renewable energy-intensive setups, the company is taking various measures to achieve this target. In FY22, it reduced carbon emissions by 1.4 lakh tonnes. It has partnered with ReNew Power [7][8] to set up a ~300 MW wind-solar hybrid renewable energy project to provide clean energy at its Jajpur plant.[8]
Reference
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- ^ a b c d e f g h "Jindal Stainless Ltd". ndtv.com. Retrieved 11 May 2023.
- ^ a b "Products". jindalstainless.com. Retrieved 11 May 2023.
- ^ a b "Jindal Stainless BSE" (PDF). bseindia.com. Retrieved 11 May 2023.
- ^ "Jindal Stainless Announces Special Interim Dividend". livemint.com. Retrieved 11 May 2023.
- ^ a b c d "Comapny History:Jindal Stainless". moneycontrol.com. Retrieved 11 May 2023.
- ^ "Jindal Stainless Ltd". ndtv.com.com. Retrieved 11 May 2023.
- ^ a b "Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project". businesstoday.com. Retrieved 11 May 2023.
- ^ a b "Jindal Stainless to build green hydrogen plant". steeltimesint.com. Retrieved 11 May 2023.