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Jindal Stainless On Growth Mode
BUSINESS ECONOMICS
|October 1 - 15, 2018
Jindal Stainless is one of the largest stainless steel conglo-merates in India with around 60% industry share and ranks amongst the top 10 stainless steel manufacturer capacities of 1.6 MTPA with an annual turnover of $ 3.1 billion.
The country is poised to experience a 5% GDP growth with the increasing use of stainless steel. Vijay Sharma, Sales Head, Jindal Stainless Group, told BE, “It is called stainless because it has minimum alloying with chromium (around 10.5%) which makes it stainless. So for this reason stainless steel is a better option. The integrated scale of operations, from mining to manufacturing of finished products, have given us the edge of cost competitiveness and operational efficiency, making us one of the best stainless steel producers in the world.”
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