Jindal Stainless Limited (JSL), one of India’s largest stainless steel producers, reported a profit after tax of Rs 42 crore in Q1 FY17-18. EBITDA at Rs 251 Cr was higher by 14% over CPLY. The growth comes on the back of better sales, operational efficiencies and a profitable product mix. JSL witnessed steady increase in revenues in Q1 at Rs 2,194 Cr, reflecting an annual jump of 2%. Net worth of the company stood at Rs 2,020 crore as on 30th June, 2017.
To streamline goods movement, work on an Inland Container Depot (ICD) was commissioned which is expected to be operational by end of FY 17-18. Augmentation of the hot rolled annealed-pickled (HRAP) production in JSL is planned through debottlenecking and realignment of hot rolling process. Foreign subsidiaries of JSL, namely, PT Jindal Indonesia (PTJSI) and IBER Jindal Spain, also registered consistent performance.
In 2016, JSL developed special finish for the outer panels of metro rail. The company bagged the Fame Excellence Award 2017 under ‘Gold Category’ towards Excellence in Environment Protection and outstanding contribution for national economic & social development.
