Page 2 - Jindal Stainless Steel

Jindal Stainless chalks out Rs 2,000-3,000 cr capex plan for next 2-3 yrs

Currently, Jindal Stainless' Odisha plant has a capacity of 1.1 million tonnes, while its Hisar plant is a 0.8 million tonne specialised product division

Revoking of CVD, ADD to hurt earnings of domestic stainless steel industry

"Traders are expected to stock up cheap imports creating huge inventories in the coming months ahead of an anticipated demand boom in the sector," said an official of a large stainless steel firm

Jindal Stainless third quarter revenue jumps 9% to Rs 3,585 crore

Jindal Stainless Ltd (JSL) said on Thursday its consolidated revenue in Q3 FY21 stood at Rs 3,585 crore, up by 9 per cent year-on-year.The net revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) totalled Rs 473 crore while EBITDA margin was at 13.2 per cent. The profit after tax was Rs 170 crore.The company said continuous and accelerated deleveraging along with interest rate rationalisation helped bring down the interest cost by 16 per cent over the corresponding period of last year to Rs 117 crore.Besides, the Indian economy gained momentum and registered a faster than expected recovery after the peak Covid-19 period in 2020. The third quarter witnessed healthy revival in end-user segments like automotive, pipes and tubes, and industrial fabrication.Backed by R & D efforts to indigenise various grades in the automotive sector, JSL was able to capitalise on the demand growth in the two-wheeler and passenger vehicle segments. It registered nearly 40 ..

Jindal Stainless Hisar Q4 FY20 profit up 43% on back of reduced expenses

Resumption of partial operations in a phased manner began on May 7 in accordance with the government directives

Jindal Stainless exits CDR framework, will now focus on cost optimisation

CDR lenders get full recompense of Rs 275 cr; JSL also fully redeems Optionally Convertible Redeemable Preference Shares, paying Rs 558 cr

Jindal Stainless Q3 net profit up 16% to Rs 52 cr, sales volume rises 17%

During October-December 2019, the company's total income stood at Rs 3,311 crore as compared with Rs 3,315 crore in the year-ago quarter, JSL said in a BSE filing.

Specialty products help Jindal Stainless post Rs 82-cr Sep-quarter profit

Total income during July-September fell to Rs 1,996.42 crore as against Rs 2,253.17 crore in the year-ago period.

Jindal Stainless posts Rs 51.92-crore profit in September quarter

The company had posted a loss of Rs 36.44 crore in the year-ago period, JSL said in a filing to the BSE

Tata Steel subsidiary bags first lapsing merchant mine at Odisha's auctions

TS Alloys bags Misrilal chromite mines, quoting 88.5 per cent premium

India to probe whether some Indonesian steel exporters received subsidies

Indian Stainless Steel Development Association (ISSDA), Jindal Stainless, Jindal Stainless (Hisar) and Jindal Stainless Steel have filed an application on behalf of domestic industry

Jindal Stainless Steel eyes growth in kitchenware by increasing capacity

Jindal Stainless Steel, a leading stainless steel maker in the country, is expecting a growth in its supplies to kitchenware industry with the implementation of Goods and Services Tax (GST), which has brought in more unorganised players into the organised market. The company said that its expansion plans are also taking this growth into consideration.The market size of Indian stainless steel flat products is estimated to be 2.5 million tonnes per annum which is growing at a steady rate of 9-10 per cent per annum. The kitchenware segment accounts for around 1 million tonnes per annum, almost half of the stainless steel flat products demand in India. Although India is a large exporter in the kitchenware segment, its competitiveness is marred by a glut of cheaper imports from China, says the company. However, almost 80 per cent of the kitchenware market has been covered by unorganised players, using imports from China and with the implementation of GST and e-way bill, the company is ...