Jindal Stainless has launched India’s first hot rolled stainless steel chequered sheet with the brand name Jindal Infinity at the International Railway Equipment Exhibition 2021 organized by CII. With the launch of Infinity, the company aims to capture a 20% market share over the next 3 years, amounting to an additional business potential of ~INR 500 crores. According to industry estimates, the current size of chequered sheet market in India is 2,00,000 tons annually and is growing at an annual rate of 8%.
The new stainless steel chequered sheet is made from high-end 409M grade stainless steel. As per studies conducted by the Division of Materials, Science and Technology, CSIR, South Africa, sheets made from this grade of stainless steel are over 150 times more corrosion resistant than those made from mild steel. Its wear resistance is greater by five times, and its weight is 30% lower due to reduced material thickness. These qualities render the stainless chequered sheet a far superior and cost-efficient alternative for any application. As Jindal Stainless produces stainless steel through the scrap route, Infinity is also more environment friendly than its competitors in the category.