Page 3 - Jindal Stainless

Jindal Stainless enters e-rickshaw market, targets Rs 200 crore revenue

Company showcases stainless steel e-rickshaw prototype in Lucknow expo

Jindal Stainless profit plummets 72 per cent to Rs 32 cr in March quarter

The company had posted a standalone profit of Rs 114.7 crore year-ago in the same period, JSL said in a filing to the BSE

Jindal Stainless' first dedicated facility for Railways in Chennai

This new railway facility will supply high quality stainless steel components with 'just-in-time' delivery to the Integral Coach Factory (ICF), Chennai for production of railway coaches

Jindal Stainless Q3 profit plunges over 61% to Rs 52 cr on higher expenses

Total income during the quarter under review increased to Rs 3,140.59 crore from Rs 2,999.66 crore in October-December 2017

Jindal Stainless eyes 20% growth in topline in the next 12 months

 Jindal Stainless' major competition is from imports, Vijay Sharma, head of sales said

Jindal Stainless Q3 net profit surges 142% to Rs 1.33 bn

During the Oct-Dec quarter, total income of company rose to Rs 24.66 bn from Rs 20.07 bn in the year-ago period

Jindal Stainless to focus on speciality steel

As part of its expansion strategy Jindal Stainless is planning to enter the unconventional areas of steel use -- defence, nuclear, aerospace and long products. The company wants to enter the high margin segments with the available capacity. Currently, it has a production capacity of 1.6-1.8 million tonne with a market share of 45 per cent."We want to move into the specialty steel segment, which is intodefence, by supplying raw material and not manufacture equipment assuch. We also want to venture into long products and aerospace,"Jindal Stainless vice chairman Abhyuday Jindal told Business Standardin an interview.The company is also supplying steel to a fusion project in France for ITER plant. ITER, meaning the way in Latin, is an experimental Fusion Reactor being constructed presently at Cadarache, in the South of France.Jindal said the company had to meet stringent quality standards mandatory for the highly sensitive defence and aerospace sectors. The company has two plants in ...

Jindal Stainless, Japanese firm tie up to incubate agri-tech start-ups

To set up incubation centre with co-working space and international standard laboratory

Jindal Stainless might complete de-merger by March end

Ratan Jindal controlled Jindal Stainless Group with manufacturing units at Hisar (Haryana) and Odisha's Kalinganagar is giving final touches to its de-merger. The de-merger which has witnessed two separate entities carved out- Jindal United Steel Ltd (JUSL) and Jindal Coke Ltd (JCL), is expected to be completed by the end March this year.As of now, two flagship companies- Jindal Stainless Hissar Ltd and Jindal Stainless Ltd are listed entities. The move behind the de-merger is to apportion debt between the segregated entities."Erosion of net worth, accumulating losses and rising interest rates have prompted us to take the de-merger route. The interest rate on loans outstanding have gone up to 14 per cent and it was not feasible to repay the piling debt without splitting the entities. We have got the necessary approvals for the restructuring plan and the formalities are expected to be completed by March-end", said a senior company source in the know of the matter.Between them, Jindal ..

Make in India: Jindal Stainless (Hisar) forays into defence

Becomes the first company in India to commercially produce high nitrogen steel

Jindal Stainless (Hisar) says sector needs help on imports

The company says rising import and higher raw material cost would put pressure on industry margins

Jindal Stainless' net loss narrows to Rs 65 cr in Apr-Jun quarter

Jindal Stainless on Thursday reported narrowing of its net loss to Rs 65 crore for the June quarter.

Jindal Stainless allots shares to pay Rs 366 crore due to JSHL

According to the statement, consequent upon the said allotment, paid up share capital of the company has increased from Rs 46.23 crore to Rs 79.89 crore