Jindal Stainless
Indian multinational stainless steel company
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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]
 | |
Company type | Public |
|---|---|
| ISIN | INE220G01021 |
| Industry | Stainless Steel |
| Founder | Om Prakash Jindal |
| Headquarters | New Delhi, India |
Area served | Worldwide |
Key people |
|
| 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$310 million) (2024)[2] | |
| Total assets | ₹30,817 crore (US$3.6 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 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]
History
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]
Production
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]
Jindal Stainless steel unveiled world's first off-grid Green hydrogen based Stainless steel plant in Hisar, Haryana with technology from Hygenco, a Gurgaon based renewable firm.[13][14]