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Jindal Stainless to commission cold rolled steel unit in Odisha

Steel News - Published on Mon, 07 Jan 2019

Image Source: Business Line
Business Line reported that Jindal Stainless Group is expecting the first phase of its brownfield project for cold-rolled products at Jajpur in Odisha to be commissioned this month. According to Vijay Sharma, Senior Vice President and Head of Sales, the first unit with one lakh tonne capacity will go on stream this month, while the second unit of another one lakh tonne capacity is likely to be commissioned by the next fiscal. Mr Sharma said that “Ramping up of capacity of cold-rolled products will give us better margins.”

The Jindal Stainless Group comprises Jindal Stainless Ltd and Jindal Stainless (Hisar) Ltd. The group currently produces close to 10.5 lakh tonnes of cold-rolled stainless steel across three units 4.5 lakh tonnes in Odisha, 4.5 lakh tonnes in Hisar and the remaining 1.5 lakh tonnes at its subsidiary PT Jindal Stainless in Indonesia.

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Posted By : Ratan Singh on Mon, 07 Jan 2019
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