Stainless steel policy likely next year, says JSL’s Abhyuday Jindal
1 year, 2 months ago

Stainless steel policy likely next year, says JSL’s Abhyuday Jindal

Live Mint  

New Delhi: The steel ministry is in the final phase of talks to officially launch the National Stainless Steel Policy next year, a top official concerned with the matter told Mint. “We are constantly in talks with the ministry, and the process of officially launching the National Stainless Steel Policy is in its final stage,” Abhyuday Jindal, managing director of Jindal Stainless Limited said on the on the sidelines of a startup summit organised by the Indian Chamber of Commerce. That is kind of the world average and stainless steel is generally 3% of steel production.” India currently produces about 6.6 MT of stainless steel a year. The stainless steel manufacturer’s Indonesia plant expansion plan is on path and is due to be completed by May 2024, he added.

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History of this topic

Multibagger Stock: Jindal Stainless zooms over 620% in 23 months, 3300% in 4.5 years. Is it still a buy?
1 month, 2 weeks ago

Multibagger Stock: Jindal Stainless zooms over 620% in 23 months, 3300% in 4.5 years. Is it still a buy?

Live Mint  

Multibagger Stock: Jindal Stainless, India’s leading stainless-steel manufacturer, has witnessed an extraordinary surge in its stock price in recent months, delivering handsome returns to its shareholders. Notably, Jindal Stainless has consistently delivered positive returns every year since calendar year 2019. Operational since August 24, this development, according to analysts, will ensure a long-term supply of 0.2 million tonnes of NPI, …

India lucrative for steelmakers because of higher infra spending, economic growth
6 months ago

India lucrative for steelmakers because of higher infra spending, economic growth

Hindustan Times  

Despite a slowdown in exports and increasing Chinese steel output impacting India's share in the markets, steel makers in the country are optimistic about the domestic demand. The case with steel exports Indian exports have been affected by a variety of reasons in the recent past including low production due to scheduled maintenance shutdowns, preference for the domestic market over …

JSW to invest ₹65,000 cr for new steel plant in Odisha
10 months, 1 week ago

JSW to invest ₹65,000 cr for new steel plant in Odisha

Live Mint  

JSW Steel Ltd, India’s largest steelmaker by capacity, will invest ₹65,000 crore to set up one of its biggest manufacturing plants, in Odisha, adding to the country’s efforts to boost production of the alloy. JSW Steel, part of the $23-billion JSW Group, is establishing a greenfield complex in the industrial city of Paradip that will include a steel plant with …

JSW Steel crude steel production rises 12 per cent YoY in Q3
11 months, 2 weeks ago

JSW Steel crude steel production rises 12 per cent YoY in Q3

India TV News  

JSW Steel recorded a 12 per cent year-on-year surge in its crude steel production for the third quarter of FY24. JSW Steel observed a 9 per cent year-on-year increase in crude steel production at its Indian operations, reaching 6.63 million tonnes. Meanwhile, its USA-Ohio operations exhibited significant growth, recording a 191 per cent surge in crude steel production year-on-year, totaling …

Top 5 steel companies in India by growth
1 year, 4 months ago

Top 5 steel companies in India by growth

Live Mint  

Steel is one commodity that has held a top position among metals for a long time. In the last five years, the contribution of finished steel products to the revenue mix has gone up significantly. View Full Image EM Going forward, the company's expansion plans, and the government's infrastructure push are expected to drive revenue and profit growth. View Full …

Govt initiates review of CVD imposition on stainless steel
1 year, 5 months ago

Govt initiates review of CVD imposition on stainless steel

Live Mint  

NEW DELHI : The Prime Minister’s Office has initiated discussions on the potential imposition of countervailing duty on stainless steel, raising hopes within the industry that such an action will curb cheap imports from China and support small and medium producers in India, two people familiar with the development said. Industry data showed that small and medium enterprises manufacturing 200 …

Jindal Stainless announces special interim dividend for FY 22-23, record date fixed
1 year, 8 months ago

Jindal Stainless announces special interim dividend for FY 22-23, record date fixed

Live Mint  

Jindal Stainless is a large cap company that recorded a market cap of ₹21,450 Cr today. The shares of Jindal Stainless closed today on a red note on Dalal Street after the Board of Directors of the company announced special interim dividend for FY 22-23. “Pursuant to the applicable provisions of SEBI Listing Regulations, we wish to inform you that …

Domestic Stainless Steel Demand Will Continue To See Healthy Growth Till FY25: Crisil Ratings
1 year, 8 months ago

Domestic Stainless Steel Demand Will Continue To See Healthy Growth Till FY25: Crisil Ratings

ABP News  

The domestic stainless steel demand is expected to grow at a compound annual growth rate of 9 per cent till 2024-25 financial year, according to Crisil Ratings. The domestic demand for stainless steel was at 4 million tonnes in fiscal 2021-2022, the ratings agency said in a report on Thursday. "Domestic demand for stainless steel is projected to log a …

Jindal Stainless Shares Surge After Company Fixes Record Date for Merger With JSL; Details
1 year, 10 months ago

Jindal Stainless Shares Surge After Company Fixes Record Date for Merger With JSL; Details

News 18  

Jindal Stainless shares hit a record high of Rs 504.55 as they gained 3 per cent on the BSE in Friday’s intra-day trade after the company fixed Thursday, March 9, 2023 as record date for merger of Jindal Stainless with Jindal Stainless. “.in terms of Regulation 42 and 60 of SEBI Listing Regulations, the requirements of the stock exchanges and …

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