Jindal Stainless
×
| Public | |
| Traded as | |
| ISIN | 🆔INE220G01021 |
| Industry | Mining, Metals |
| Founded 📆 | 1980 |
| Founder 👔 | O.P Jindal |
| Headquarters 🏙️ | Jindal Centre, 12, Bhikaji Cama Place, Delhi, India |
Area served 🗺️ | |
Key people | Ratan Jindal (Chairman), Abhyuday Jindal (Managing Director) |
| Products 📟 | Stainless Steel, Flat Products, Blade Steel, Coin Blanks, and Long Products |
| Members | |
Number of employees | |
| 🌐 Website | www jshlstainless jslstainless |
| 📇 Address | |
| 📞 telephone | |
Jindal Stainless is an Indian stainless steel producer which is headquartered in New Delhi, India.[1]. As of January 2019, Jindal Stainless has an annual crude stainless steel melt capacity of 1.9 million tonne per annum (MTPA)[2]. The Jindal Stainless Group and associate companies comprise Jindal Stainless Limited (JSL), Jindal Stainless (Hisar) Limited (JSHL), Jindal Coke Limited (JCL), Jindal United Steel Limited (JUSL) and Jindal Stainless Corporate Management Services Private Limited (JSCMS)[3].
History
A part of the O.P. Jindal Group, Jindal Stainless was founded by Indian businessman Om Prakash Jindal who laid the foundation of the Hisar plant (now known as JSHL) in the year 1970[4]. As of May 2018, JSHL is a fully-integrated stainless steel plant with a capacity of 0.8 MTPA[5][6].
Jindal Stainless Limited was incorporated on 29th September 1980 as Jindal Ceramics Limited and then on 29th January 2001, the company changed its name to Jindal Int.com Limited. The company’s current name Jindal Stainless Limited was adopted on 28th January of the year 2003[7].
In the year 2004, Jindal Stainless stepped into international market space with the acquisition of the Stainless Steel division of PT. Maspion, Indonesia[8]. In Europe, it is present through Iberjindal Stainless, the joint venture between Jindal Stainless and Fagor Industrial and is located in South Spain[9]. The same year, Jindal Stainless entered into a technical assistance agreement with Nisshin Company Ltd, Japan[10]. A service center at Gurgaon by way of a subsidiary company in collaboration with an Italian company Steelway SRL Italy was also set up in the year 2004[11]. In the year 2008, a joint venture agreement between Jindal Stainless and Antam Tbk took place to develop a nickel smelting and stainless steel facility in North Konawe, South East Sulawesi[12].
In the year 2010, JSL underwent a Memorandum of Understanding with the Government of Odisha for setting up a 1.6 MT integrated Stainless Steel Park at Kalinganagar.[13][14].
In the year 2011, Ratan Jindal, son of O.P. Jindal, established a new stainless steel manufacturing facility in Jajpur, Odisha. The Jajpur plant has an estimated 0.25 MT per annum of Ferro Alloy facilities[15].
As of March 2019, JSL has reported a standalone net profit of INR 1390.4 million [16]while JSHL reported a standalone net profit of INR 2616.5 million for FY19[17].
The equity shares of both JSL and JSHL are listed on the Bombay Stock Exchange[18][19] and the National Stock Exchange of India and are a constituent of the S&P CNX 500[20][21].
Shareholding pattern of Jindal Stainless Ltd as on June 2019[22]:
| Shareholders | Shareholding |
|---|---|
| Promoters | 50.81% |
| FII | 10.94% |
| Mutual Fund | 0.01% |
| Non-institutional Investors | 12.72% |
| Insurance Companies | - |
| Others DII | 25.34% |
| Others | 0.18% |
Shareholding pattern of Jindal Stainless (Hisar) Ltd as on June 2019[23]:
| Shareholders | Shareholding
− |
|---|---|
| Promoters | 24.38% |
| FII | 20.82% |
| Mutual Fund | 2.16% |
| Non-institutional Investors | 17.45% |
| Insurance Companies | - |
| Others DII | 35.19% |
| Others | - |
Operations
Jindal Stainless has two manufacturing facilities located in India in Hisar, Haryana and Jajpur, Odisha. Jindal Stainless is also present in European and South-East Asian markets through sales offices and service centres in countries such as Indonesia and Spain with offices in 9 countries[24].
The current board of directors of Jindal Stainless comprises[25][26]:
| Name of the board member | Designation | JSL | JSHL |
|---|---|---|---|
| Savitri Devi Jindal | Chairman Emeritus | Yes | No |
| Ratan Jindal | Chairman | Yes | Yes |
| Abhyuday Jindal | Managing Director | Yes | Yes |
| Gautam Kanjilal | Nominee Director, State Bank of India | Yes | No |
| Bhaswati Mukherjee | Independent Director | Yes | No |
| Tarun Kumar Khulbe | Wholetime Director | Yes | No |
| Jayaram Easwaran | Independent Director | Yes | No |
| Suman Jyoti Khaitan | Chairman | Yes | No |
| Arti Luniya | Independent Director | Yes | Yes |
| Deepika Jindal | Director | No | Yes |
| Maj. Gen. Kanwaljit Singh Thind | VSM, (Retd), Director | No | Yes |
| N.C. Mathur | Director | No | Yes |
| Girish Sharma | IRS (Retd.), Director | No | Yes |
| Jagmohan Sood | Wholetime Director | No | Yes |
Social Initiatives
Jindal Stainless participated in the relief and rehabilitation efforts during the 2018 Kerala floods[27]. In 2019, the CSR wing of the company - Jindal Stainless Foundation signed an MoU with National Bank for Agriculture and Rural Development (NABARD) to raise the incomes of farmers in India.[28]
JSL Stainless was also a part of the List of Company Signatories to the United Nations's CEO Statement of Support for the Women’s Empowerment Principles as of 17 February 2012.[29]
Other social commitments by the group include the establishment of a charitable hospital N.C. Jindal Institute of Medical Care & Research, O.P. Jindal Cancer Hospital, Vidya Devi Jindal School (VDJS) and the O.P. Jindal Modern School in Hisar (Haryana, India)[30]
Industry Initiatives
In 2007, Deepika Jindal founded ‘The Stainless’, an art gallery, that hosts exhibitions of designers, sculptors, artists who produce stainless-steel-based art[31][32].
Reference Links
This article "Jindal Stainless" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Jindal Stainless. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- ↑ "About Us". Retrieved 11 January 2020.
- ↑ "Jindal Stainless eyes 20% growth in topline in the next 12 months". Business Standard. Retrieved 4 January 2020.
- ↑ "About us". Retrieved 11 January 2020.
- ↑ "About Us - Hisar Plant". Jindal Stainless. Retrieved 11 January 2020.
- ↑ "Corporate Presentation" (PDF). Retrieved 10 January 2020.
- ↑ "Jindal Stainless demerger to bring down interest cost, optimise operations". Economic Times. 19 November 2015. Retrieved 16 January 2020.
- ↑ "Company History". Business Standard. Retrieved 10 January 2020.
- ↑ "About Us". Retrieved 10 January 2020.
- ↑ "Fagor Industrial renews for five years with India Jindal Stainless Limited". Cordoba. 11 July 2016. Retrieved 16 January 2020.
- ↑ "Jindal Stainless inks deal with Japan's Nisshin". Silicon India. Retrieved 10 January 2020.
- ↑ "Stainless Steelway". Jindal Stainless. Retrieved 10 January 2020.
- ↑ "Jindal Stainless in JV with Indonesian company". Economic Times. Retrieved 10 January 2020.
- ↑ "JSL Signs MoU For Kalinganagar Steel Park". New Indian Express. Retrieved 10 January 2020.
- ↑ "Kalinganagar". Wikipedia. Retrieved 15 January 2020.
- ↑ "About Us". JSL Stainless. Retrieved 10 January 2020.
- ↑ "Audited Standalone and Consolidated financial results for the financial year ended March 31, 2019" (PDF). JSL Stainless. Retrieved 11 January 2020.
- ↑ "JSHL posts 19% rise in Q4 profits at Rs 66 crore". Economic Times. Retrieved 10 January 2020.
- ↑ "BSE India". BSE India. Retrieved 10 January 2020.
- ↑ "BSE India". BSE India. Retrieved 10 January 2020.
- ↑ "NSE India". NSE India. Retrieved 10 January 2020.
- ↑ "NSE India". NSE India. Retrieved 10 January 2020.
- ↑ "Jindal Stainless Ltd". Bloomberg Quint. Retrieved 10 January 2020.
- ↑ "Jindal Stainless (Hisar) Ltd". Bloomberg Quint. Retrieved 10 January 2020.
- ↑ "Austenitic Stainless Steel" (PDF). Retrieved 11 January 2020.
- ↑ "Board of Directors". JSL Stainless. Retrieved 10 January 2020.
- ↑ "Board of Directors". JSHL Stainless. Retrieved 10 January 2020.
- ↑ "Jindal Stainless supports rehabilitation efforts at Kerala". OrissaDiary.com. Retrieved 16 January 2020.
- ↑ "Jindal Stainless Foundation Signs MoU With NABARD To Raise Farmer's Incomes". Business World. 23 May 2019. Retrieved 16 January 2020.
- ↑ "CEO Statement of Support and List of Signatories" (PDF). Bartlett, Pringle & Wolf. Retrieved 15 January 2020.
- ↑ "Facilities". Jindal Stainless. Retrieved 10 January 2020.
- ↑ "Moulding Steel into Objet D'Art, Meet Deepika Jindal Talking About Her Passion". Indus Ladies. Retrieved 10 January 2020.
- ↑ "Initiatives". Jindal Stainless. Retrieved 10 January 2020.
