Jindal Stainless Ltd (JSL) is planning a foray into the Russian market by setting up a Greenfield facility in the Leningrad region of Russia. JSL may invest up to USD 60 million in an integrated stainless steel facility in Leningrad with a capacity to make 0.4 million tonnes of stainless steel per year in the first phase. Should the plant get the green light, then construction is planned for 2008-09.
