India’s largest stainless steel producer, Jindal Stainless Limited, reported its financial results for Q2 FY25, showcasing resilience amidst global market turmoil. Despite the complexities of the geopolitical environment and a slowdown in export demand, the company posted a 1.68% increase in standalone net revenue, reaching ₹9,746 crore. However, weak demand from export markets weighed on […]
Jindal Stainless has laid the foundation stone for a 271-acre stainless steel industrial park in Jajpur through a virtual ceremony held in Bhubaneswar that was attended by Odisha Chief Minister Naveen Patnaik. The first-of-its-kind facility is expected to increase the production and demand of the metal in east India, and support the objective of the […]
Tata Steel has commissioned a new robotic system for carrying out the wagon tippler operation at its Tata Steel Kalinganagar steel plant in Jajpur district, Odisha. According to the Indian steelmaking company, tippling operations at the raw-material handling system of the steel plant include critical activities such as decoupling, coupling, rotation, and centre buffer coupler […]
Tata Steel Mining Limited (TSML) has signed a memorandum of understanding (MoU) with Jindal Stainless Limited (JSL) for mining chrome ore located in the boundary between their mines in Sukinda, Jajpur district in Odisha. According to Tata Steel Mining, the agreement will help conserve the chromite ore which otherwise would not have been mined at […]