Jindal Stainless

BrahMos Aerospace has awarded Jindal Stainless accreditation to produce and supply specialty low-alloy steel sheets and plates as well as bespoke stainless steel sheets from its Hisar facility in Haryana.

Jindal Stainless Ltd announced a Rs 5,400 crore investment plan including: Rs 3,350 crore for downstream expansion and infrastructure at Jajpur, Odisha; Rs 700 crore for a 49% stake in a stainless steel melt shop JV in Indonesia (1.2 MTPA); and Rs 1,340 crore for a 54% stake in Chromeni Steels Pvt Ltd (0.6 MTPA cold rolling mill in Mundra, Gujarat).

Indian Railways awarded steel supply contracts worth Rs 1,586.39 crore to SAIL, Tata Steel, Jindal Stainless, ArcelorMittal Nippon Steel, and Jindal Steel and Power for Mild/Corten Steel and stainless steel sheets/plates/coils.

The National Company Law Tribunal (NCLT) has approved the merger of Jindal Stainless (Hisar) Limited with Jindal Stainless Limited. The merger is expected to complete in FY23.