India's Jindal forays into stainless steel long products
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Update time : 2023-09-19 15:50:25
It was reported that India's largest stainless steel producer, Jindal Stainless Limited (JSL), acquired Rathi Super Steel for about Rs 2 billion earlier this year. Jindal's move was mainly aimed at increasing its products in the infrastructure field in the medium term, and this was also Jindal's first foray into long products.
As India attached great importance to infrastructure, Jindal planned to invest Rs 1 billion in Rathi Super Steel in the next two years. In addition to increasing the annual production capacity of Rathi Super Steel, it would also improve the production quality of the plant to make it more in line with the requirements of the infrastructure field.
Jindal has traditionally produced flat stainless steel products, and currently, only about 2%-5% of the company's products can be used in the infrastructure sector. The company planned to increase this ratio to 15%-20% in the next 2 to 3 years.
