Tag: Jindal Stainless Ltd

Jindal Stainless Ltd (JSL) is planning a foray into the Russian market by setting up a Greenfield facility in the Leningrad region of Russia.

India's largest stainless steel maker, Jindal Stainless Ltd, expects its monthly nickel consumption to double to more than 1600tns when a new plant starts operation in three years, a top company official said.

Jindal Stainless Ltd (JSL) has undertaken capacity additions by adopting a strategy to increase existing capacities, Greenfield investments and establishing service centres.

Jindal Stainless Ltd has reaffirmed its plans to set up a 0.8 million tonnes per annum stainless steel plant at the Kalinga Nagar Industrial Complex in Orissa (India) as a part of its expansion program at an investment of INR 5600 crore as it intends to reach a final capacity of 1.6 million tonnes by 2012.

Andritz Sundwig, based in Hemer, Germany, a member of international technology group Andritz, has received an order from Jindal Stainless Ltd, New Delhi, India, for the supply of five shapemeter rolls with tungsten-carbide coated surface for use in 20-high rolling mills in the production of stainless steel strip.

In order to encourage creativity in the usage of stainless steel and celebrate design excellence, Jindal Stainless Ltd has announced the fourth edition of its Stainless Innovation Awards.

India-based Jindal Stainless Ltd (JSL) and Spain-based Acerinox Group have revealed plans to invest more than USD 1.7 billion between them to expand their stainless steel operations.

ET, citing sources close to the company, has reported that Jindal Stainless Ltd is close to buying out Thailand’s largest stainless steel company ThaiNox for USD 325 million.

Yieh has reported that Jindal Stainless Ltd is looking forward to opening the stainless steel market in South Korea and that a branch office will be set up soon in order to enhance the service.

Jindal Stainless Ltd (JSL) has informed that its board of directors at a meeting held on 2 September 2006 have decided to elevate Mr VS Jain as Managing Director & CEO of the company with immediate effect.