About Jindal Stainless Limited

Jindal Stainless Limited is an Indian stainless steel manufacturer with a legacy dating back to 1970 under the leadership of Shri O. P. Jindal. In 1978, the company produced India’s first indigenously manufactured stainless steel, laying the foundation for a home-grown enterprise built for the world. The Company manufactures stainless steel flat products across Austenitic, Ferritic, Martensitic and Duplex grades. Its product range includes Ferro Alloys, Stainless Steel Slabs and Blooms, Hot Rolled Coils, Plates and Sheets, Cold Rolled Coils and Sheets, and specialty products such as Razor Blade Steel, Precision Strips and Long Products.

Jindal Stainless operates across India with four plants and nine offices, along with one international office. It serves customers in 13 Indian states and 49 countries. As of FY 2024–25, the Company had 19 subsidiaries, both Indian and overseas, forming part of its consolidated group.

Key milestones include the expansion of the Jajpur unit to 1.1 million tonnes in 2023, taking total capacity to 1.9 million tonnes along with Hisar’s 0.8 million tonnes. A strategic investment plan of around ₹5,400 crore was announced, coupled with the 100% acquisition of Chromeni Steels Limited in 2024 to strengthen value-chain positioning. In 2025, the Company also commissioned Odisha’s largest captive industrial solar plant and entered a long-term renewable power agreement via a subsidiary.

Business Segment of Jindal Stainless Limited

• Industries served: automobile, railway and transport (ART), process and engineering, consumer durables, and architecture, building and construction (ABC).

• Product mix contribution to turnover (FY 2024–25): CR Coil – 38.20%; CR Sheet – 10.54%; HRAP Coil – 22.54%; HRAP Sheets/Plate – 20.40%; Slab – 2.70%; Wide Black Coil – 5.22%; Other revert – 0.40%.

• Geography: Exports contributed about 11.69% of turnover, with domestic operations accounting for 88.31%.

Jindal Stainless Limited’s Key Management Team

• Ratan Jindal – Chairman and Managing Director

• Abhyuday Jindal – Managing Director

• Tarun Kumar Khulbe – Chief Executive Officer & Whole-time Director

• Jagmohan Sood – Chief Operating Officer & Whole-time Director

• Anurag Mantri – Chief Financial Officer & Whole-time Director (up to April 4, 2025)

• Navneet Raghuvanshi – Company Secretary

Latest Updates on Jindal Stainless Limited

• Strategic expansion: Completed the 100% acquisition of Chromeni Steels Limited on June 15, 2024, strengthening cold-rolled product capacity.

• Raw material security: Commissioned a Nickel Pig Iron facility in Indonesia ahead of schedule, supporting long-term supply security, and pursued a joint venture to secure nickel reserves.

• Manufacturing footprint: Signed a non-binding MoU with the Government of Maharashtra to set up a greenfield stainless steel plant with a planned capacity of 4 million tonnes per annum and an investment of about ₹40,000 crore.

• Energy initiatives: Commissioned a 30 MWp solar project at Jajpur (7.3 MWp floating solar and 23.02 MWp rooftop solar); a subsidiary signed an 11 MWp renewable power purchase agreement.

• Rail ecosystem: Supplied stainless steel for Vande Bharat sleeper coaches and contributed to other projects, including Vande Metro, Kolkata’s underwater metro, the RRTS trainset and Mumbai Metro.