The overall growth of stainless steel industry, like many other industries, and in fact, all of Indian economy, is bound to witness contraction in FY21, says Abhyuday Jindal
Initial investment of $5 million, production to start by September
The company had posted a loss of Rs 36.44 crore in the year-ago period, JSL said in a filing to the BSE
The company said all speculations/rumours with respect to payment default are "baseless and false in nature"
Jindal Group signed and the Andhra Pradesh government signed a memorandum of understanding (MoU) in Davos, Switzerland, on Wednesday for the proposed project.