Mr Jean-Yves Gilet Head of Arcelor Stainless World in the presence of Mr Indresh Batra MD of IUP Jindal Metals & Alloys Ltd inaugurated the installations of IUP Jindal Metals & Alloys Ltd, which is a newly created JV with works at Bahadurgarh and Haryana, India. This JV was created in August 2004 for precision rolling of stainless steel and alloy strips. The new plant has a capacity of around 1,500 tonnes per month and represents a total investment of around USD 18 million. The partnership is shared between Jindal Saw Ltd 73% and Arcelor’s fully owned subsidiary Imphy Ugine Precision 27%. Arcelor, through its wholly owned subsidiaries, IUP and Imphy Alloys, is providing the technical know how for special extra thin and alloy products whereas Jindal will be contributing its market intelligence and expertise. However, in order to build its position internationally IUP Jindal Metals & Alloys Ltd will call upon Arcelor Stainless International’s global sales network.
