Company type | Public |
---|---|
ISIN | INE220G01021 |
Industry | Stainless Steel |
Founder | O P Jindal |
Headquarters | New Delhi, India |
Area served | Worldwide |
Key people | Ratan Jindal (Chairman) Abhyuday Jindal (Managing Director) Tarun Kumar Khulbe (CEO) |
Products | Slabs Hot & Cold rolled coils Slabs Blooms Plates Coin Blanks [1] |
Revenue | ₹38,721 crore (US$4.6 billion) (2024) [2] |
₹3,539 crore (US$420 million) (2024) [2] | |
₹2,640 crore (US$320 million) (2024) [2] | |
Total assets | ₹30,817 crore (US$3.7 billion) (2024) [3] |
Total equity | ₹14,357 crore (US$1.7 billion) (2024) [3] |
Number of employees | 20,000 |
Subsidiaries | Jindal Lifestyle Limited Jindal Stainless Steelway Limited Jindal Defence PT Jindal Stainless, Indonesia Iber Jindal Spain J.S.S. Steeliatalia Limited Jindal Stainless FZE, Dubai [4] [5] |
Website | www |
Jindal Stainless Limited is an Indian stainless steel maker headquartered in New Delhi. It is a part of OP Jindal group. The firm has a melt capacity of 2.9 million tonnes per annum which makes it the largest stainless steel producer of India. Incorporated in 1970, it ranks among the top 5 stainless steel makers of the world. [6] [4] [5] [7]
Jindal Stainless has two stainless steel manufacturing complexes in India, in the states of Haryana and Odisha and one overseas manufacturing unit in Indonesia. It has 14 global offices across the world. [4] [8] Its Managing Director, Abhyuday Jindal is the current president of the Indian Chamber of Commerce. [9]
In 1970, O.P. Jindal founded a mini steel plant named Jindal Strips Limited at Hisar. [10] [8] [4] It started manufacturing hot rolled carbon steel coils, plates, slabs and blooms. It was the beginning of the story for Jindal Stainless. Over the years, the company expanded its capacity at Hisar. In 2002, Jindal Strips was restructured as Jindal Stainless. In 2003, Jindal Stainless set up its integrated stainless steel plant at Jajpur in Odisha with a capacity scalable up to 3.2 MTPA. The plant became operational in 2011. [11] [8]
The plants of Jindal Stainless are located in Jajpur, Odisha and Hisar, Haryana. [12] The Jajpur facility started operating in 1970 while the Hisar plant was made operational in the year 1975. The plants comprise 2.9 million tonnes per annum of stainless steel melting facilities. [4] The Jajpur plant has a melting capacity of 2.1 MTPA. The plant has a captive power generation facility of 264 MW. The Hisar plant has a melting capacity of 0.8 MTPA. It is also India's largest producer of coin blanks. [4]
JSL produces a variety of products in both facilities. Its product range comprises the following: [13] [1] [4] [8]
Stainless Steel Slabs
Cold Rolled Coils
Hot Rolled Coils
Slabs
Blooms
Plates
Coin Blanks
Precision Strips
Razor Blades [14]
Jindal Stainless has set a target to become an emission free entity by the year 2050. [15] In FY22, it reduced carbon emissions by 1.4 lakh tonnes. [16] The firm has made a collaboration with ReNew Power [15] [17] to set up a ~300 MW wind-solar hybrid renewable energy project at its Jajpur plant. [17]
Outokumpu Oyj is a group of international companies headquartered in Helsinki, Finland, employing 10,600 employees in more than 30 countries. Outokumpu is the largest producer of stainless steel in Europe and the second largest producer in the Americas. Outokumpu also has a long history as a mining company, and still mines chromium ore in Keminmaa for use as ferrochrome in stainless steel. The largest shareholder of Outokumpu is the Government of Finland, with 26.6% ownership, including the shares controlled by Solidium, The Social Insurance Institution of Finland, Finnish State Pension Fund and Municipality Pension Agency.
Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group.
NLC India Limited (NLC) is a central public sector undertaking under the administrative control of the Ministry of Coal, Government of India. It annually produces about 30 million tonnes of lignite from opencast mines at Neyveli in the state of Tamil Nadu in southern India and at Barsingsar in Bikaner district of Rajasthan state. The lignite is used at pithead thermal power stations of 3640 MW installed capacity to produce electricity. Its joint venture has a 1000 MW thermal power station using coal. Lately, it has diversified into renewable energy production and installed 1404 MW solar power plant to produce electricity from photovoltaic (PV) cells and 51 MW electricity from windmills.
Kalinganagar is a planned industrial town in Jajpur district of coastal Odisha, India. Kalinganagar is emerging to be major global hub in steel, power and ancillary products. A large number of steel plants including projects by Jindal Steel and Tata Steel are in various stages of implementation.
Jindal Steel and Power Limited (JSPL) is an Indian steel company based in New Delhi. JSPL is a part of OP Jindal Group.
Naveen Jindal is an Indian industrialist, philanthropist, politician, sportsperson and the Member of Parliament of Kurukshetra constituency in Haryana. He is the youngest son of Late Om Prakash Jindal, also an industrialist-politician who was associated with the Indian National Congress. He was elected to the Lok Sabha, lower house of the Parliament of India, from the Kurukshetra constituency in the 2024 Indian general election for a 3rd term. Previously, he represented the constituency in the 14th and 15th Lok Sabha as well between 2004–2014. As an industrialist, he currently serves as the Chairman of Jindal Steel and Power Limited and Chancellor of the O. P. Jindal Global University.
Salem District is one of the 38 districts of Tamil Nadu state in southern India. The district is now divided into Dharmapuri, Krishnagiri, Namakkal as individual districts. Salem is the district headquarters and other major towns in the district include Mettur, Tharamangalam, Thammampatti, Attur, Omalur, Sangagiri and Edappadi. That Salem dates to at least two thousand years ago is evident from the discovery of silver coins from the Roman Emperor Nero Claudius Caesar Augustus Germanicus found by Koneripatti of Salem in 1987. It was ruled by Mazhavar King Kolli Mazhavan and kings Adhiyaman and Valvil Ori of Sangam age. It is part of Mazhanadu, a vast region that dates to the second century BCE. Salem was the largest district of Tamil Nadu. It was bifurcated into Salem and Dharmapuri districts in 1965 and Namakkal district in 1997. Now Salem has been developed a lot by building many bridges and is considered to be the Smart city. Salem is famous for cultivating mangoes.
Byasanagar or Vyasanagar is a town and a municipality in Jajapur district in the state of Odisha, India. It is also coloquially known as Jajpur Road. It is home to an industrial belt and hosts several steel companies, including Neelachal Ispat Nigam Limited, MESCO, Tata Steel, and Jindal Steel. According to district officials, there are around 14 major companies and several small companies in the vicinity of the town. The town is also home to some eminent people in Odisha, including P. C. Ghadei, the late Ashok Das, Ram Chandra Khuntia (Congress), political leader Giridhari Barik (BJD), Priti Ranjan Ghadei (MLA), actor Akash Dasnayak, his actress aunt Ms. Anita Dash, and actress Naina Das. It is part of the Korei Vidhan Sabha constituency.
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VISA Steel Limited is a mineral and metals company situated in the Kalinganagar industrial complex of Jajpur Odisha, India with a 1.5 million ton integrated special and stainless steel manufacturing plant. VISA Steel has its registered office in Bhubaneswar, corporate office in Kolkata and branch offices across India. A listed company, VISA Steel's shares are traded on the BSE and NSE.
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