{{Short description|Indian multinational stainless steel company}} {{Use Indian English|date=May 2023}} {{Use dmy dates|date=May 2023}} {{Infobox company | name = Jindal Stainless Limited | logo = Jindal Stainless Limited.svg | logo_size = 250px | image = | type = Public | traded_as = {{Unbulleted list|{{BSE|532508}}|{{NSE|JSL}} }} | ISIN = {{ISIN|sl=n|pl=y|INE220G01021}} | founder = Om Prakash Jindal | industry = Stainless Steel | location = New Delhi, India | key_people = {{ubl|Ratan Jindal (Chairman)|Abhyuday Jindal (Managing Director)|Tarun Kumar Khulbe (CEO)}} | area_served = Worldwide | products = Slabs <br /> Hot & Cold rolled coils <br /> Slabs <br /> Blooms <br /> Plates <br /> Coin Blanks<ref name="auto">{{cite web |url=https://www.jindalstainless.com/products/ |title=Products |publisher=jindalstainless.com |access-date=11 May 2023}}</ref> | revenue = {{up}}{{INRConvert|38721|c}} (2024)<ref name='jsl'>[https://www.moneycontrol.com/financials/jindalstainless/consolidated-profit-lossVI/JSL01#JSL01"JSL Profit & Loss Accounts"]</ref> | operating_income = {{up}}{{INRConvert|3539|c}} (2024)<ref name='jsl'/> | net_income = {{up}}{{INRConvert|2640|c}} (2024)<ref name='jsl'/> | assets = {{up}}{{INRConvert|30817|c}} (2024)<ref name='jsl1'>[https://www.moneycontrol.com/financials/jindalstainless/consolidated-balance-sheetVI/JSL01#JSL01"JSL Balance Sheet"]</ref> | equity = {{up}}{{INRConvert|14357|c}} (2024)<ref name='jsl1'/> | num_employees = 20,000 | subsid = Jindal Lifestyle Limited<br />Jindal Stainless Steelway Limited<br />Jindal Defence<br />PT Jindal Stainless, Indonesia<br />Iber Jindal Spain<br / >J.S.S. Steeliatalia Limited<br />Jindal Stainless FZE, Dubai <ref name="auto2">{{cite web |url=https://www.ndtv.com/business/stock/jindal-stainless-ltd_jsl/reports |title=Jindal Stainless Ltd |publisher=ndtv.com |access-date=11 May 2023}}</ref><ref name="auto5">{{cite web |url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/b648e758-bf19-4d89-97e2-844dc50e9d08.pdf |title=Jindal Stainless BSE |publisher=bseindia.com |access-date=11 May 2023}}</ref> | homepage = {{URL|https://www.jindalstainless.com/}} }}
'''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.<ref>{{cite web |url=https://www.financialexpress.com/industry/jindal-stainless-targets-top-3-spot-globally-lines-up-rs-2-5-crore-capex/3091853/ |title= Jindal Stainless targets top-3 spot globally; lines up Rs 2.5-crore capex |publisher=financialexpress.com |access-date=18 May 2023}}</ref><ref name="auto2"/><ref name="auto5"/><ref>{{cite web |url=https://www.livemint.com/market/stock-market-news/jindal-stainless-announces-special-interim-dividend-for-fy-22-23-record-date-fixed-11681816448252.html |title=Jindal Stainless Announces Special Interim Dividend |publisher=livemint.com |access-date=11 May 2023}}</ref>
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.<ref name="auto2"/><ref name="auto3">{{cite web |url=https://www.moneycontrol.com/company-facts/jindalstainless/history/JSL01 |title= Company History:Jindal Stainless |publisher=moneycontrol.com |access-date=11 May 2023}}</ref> Its Managing Director, Abhyuday Jindal is the current president of the Indian Chamber of Commerce.<ref>{{Cite web |last=shivampatel1 |date=2024-10-21 |title=Abhyuday Jindal Named New President of Indian Chamber of Commerce |url=https://currentaffairs.adda247.com/abhyuday-jindal-named-new-president-of-indian-chamber-of-commerce/ |access-date=2024-10-21 |website=adda247 |language=en-IN}}</ref>
==History== In 1970, O.P. Jindal founded a mini steel plant named Jindal Strips Limited at Hisar.<ref>{{cite web |url=https://www.livemint.com/companies/news/jindal-stainless-ltd-expects-20-volume-growth-following-removal-of-export-restrictions-and-surge-in-domestic-demand-11684342913907.html |title= JSL Expects volume to grow by 20% this fiscal |publisher=livemint.com |access-date=18 May 2023}}</ref> <ref name="auto3"/><ref name="auto2"/> 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.<ref>{{cite web |url=https://www.equitypandit.com/jindal-stainless-shares-rise-7-after-q4-profit-beats-forecasts/ |title= Jindal Stainless Shares Rise 7% After Q4 Profit Beats Forecasts|date= 18 May 2023|publisher=equitypandit.com |access-date=18 May 2023}}</ref><ref name="auto3"/>
==Production== The plants of Jindal Stainless are located in Jajpur, Odisha and Hisar, Haryana.<ref>{{cite web |url=https://www.ndtv.com/business/stock/jindal-stainless-ltd_jsl/reports |title=Jindal Stainless Ltd |publisher=ndtv.com.com |access-date=11 May 2023}}</ref> 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.<ref name="auto2"/> 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.<ref name="auto2"/>
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.<ref>{{cite web | title=India - the world's second-largest producer of crude steel goes green with Green Hydrogen | date=16 March 2024 | url=https://www.hydrogennewsletter.com/india-the-worlds-second-largest-producer-of-crude-steel-go-green-with-green-hydrogen/ }}</ref><ref>{{Cite web | title=Press Release:Press Information Bureau | url=https://www.pib.gov.in/PressReleaseIframePage.aspx?PRID=2011214 | access-date=2025-12-30 | website=www.pib.gov.in}}</ref>
==Products== JSL produces a variety of products in both facilities. Its product range comprises the following:<ref>{{cite web |url=https://theprint.in/business/indias-jindal-stainless-q4-profit-falls-as-higher-costs-outweigh-demand/1579416/ |title= India's Jindal Stainless Q4 profit falls as higher costs outweigh demand|date= 17 May 2023|publisher=theprint.in |access-date=18 May 2023}}</ref> <ref name="auto"/><ref name="auto2"/><ref name="auto3"/>
* Stainless Steel Slabs * Cold Rolled Coils * Hot Rolled Coils * Slabs * Blooms * Plates * Coin Blanks * Precision Strips * Razor Blades<ref>{{cite web |url=https://mintgenie.livemint.com/news/markets/jindal-stainless-shares-gain-over-8-despite-a-20-yoy-drop-in-q4-net-profit-here-s-why-151684390649157 |title=jindal stainless shares gain over 8 despite a 20 yoy drop in Q4 net profit |publisher=mintgenie.livemint.com |access-date=18 May 2023 |archive-date=18 May 2023 |archive-url=https://web.archive.org/web/20230518105108/https://mintgenie.livemint.com/news/markets/jindal-stainless-shares-gain-over-8-despite-a-20-yoy-drop-in-q4-net-profit-here-s-why-151684390649157 |url-status=dead }}</ref>
==Initiatives== Jindal Stainless has set a target to become an emission free entity by the year 2050.<ref name="auto4">{{cite web |url=https://www.businesstoday.in/industry/energy/story/jindal-stainless-partners-with-renew-power-to-setup-300-mw-renewable-energy-project-355301-2022-12-05 |title= Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project |date= 5 December 2022 |publisher=businesstoday.com |access-date=11 May 2023}}</ref> In FY22, it reduced carbon emissions by 1.4 lakh tonnes.<ref>{{cite web |url=https://www.thehindubusinessline.com/companies/jsl-reduced-14-lakh-tons-co2-emission-in-fy22-md-abhyuday-jindal/article66356270.ece |title= JSL reduced 1.4 lakh tons CO2 emission in FY22: MD Abhyuday Jindal |date= 9 January 2023 |publisher=thehindubusinessline.com |access-date=18 May 2023}}</ref> The firm has made a collaboration with ReNew Power <ref name="auto4"/><ref name="auto1">{{cite web |url=https://www.steeltimesint.com/news/jindal-stainless-to-build-green-hydrogen-plant |title= Jindal Stainless to build green hydrogen plant |publisher=steeltimesint.com |access-date=11 May 2023}}</ref> to set up a ~300 MW wind-solar hybrid renewable energy project at its Jajpur plant.<ref name="auto1"/>
==References== {{Reflist}}
Category:Stainless steel Category:Steel companies of India Category:manufacturing companies based in Delhi Category:Companies based in New Delhi Category:Companies listed on the National Stock Exchange of India Category:Companies listed on the Bombay Stock Exchange