Jindal Stainless

Jindal Stainless (JSL) was established in 1970 and is under the Jindal Group. Jindal Stainless Ltd. has expanded since its establishment from a steel plant of a single unit to become a multi-product and multi-national steel company.

The Jindal Stainless Company's main business is to produce stainless steel. In India, the company is the only manufacturer of strips of stainless steel which are used for making surgical and razor blades. Jindal Stainless Company supplies to the Indian government CR strips. It also supplies coin blanks to the mint in India as well as in the world. The various other services offered by the Jindal Stainless Ltd. are services in inventory management, engineering services in technical value, warehousing, material testing, and customized products.

Jindal Stainless Company is the biggest producer of stainless steel in the country. The company has a 40% market share in the stainless steel sector in India. The company has subsidiary companies which are Jindal Stainless> Steelway and PT Jindal Stainless.

The total income of the Jindal Stainless amounted to Rs. 8,598.2 million in 2005-2006 and the next year the figure stood at Rs. 12,014.9 million. The net profit of the company amounted to Rs. 507.9 million in 2005- 2006 and the next year the amount increased to Rs. 826 million. Jindal Stainless Company is planning to establish a stainless steel plant in Orissa with the production capacity of 1.6 million tons per year. The company will make an investment of around Rs. 56 billion in setting up this plant.

Jindal Stainless has become the leading company in the stainless steel sector in India. As it plans to expand in the near future, the company is sure to become one of the leading stainless steel companies in the world.

Orissa Steel Plants