Jindal Steel investing Rs 300 crore for capacity expansion

Jindal Steel

Expecting demand in both flat and long product segments, Jindal Stainless Steel is investing about Rs 300 crore in expanding the capacity at its factories in Haryana and Odisha.

The country’s largest stainless steel manufacturing group, is planning grow its footprints in the kitchenware industry of India.

Speaking to mediapersons on the sidelines of a Kitchenware Customers’ Meet organized by the company in Chennai, Head, Sales, Jindal Stainless, Vijay Sharma said, “We have led the kitchenware industry with the introduction of 200 series in late 70s and now intend to further transform the industry through the coil route.”

He added: “With this, we will raise the overall quality standards in the industry, reach out to retail customers with branded products, boost sector productivity by enabling automation, increase the share of organized segment in the industry, and thereby grow the contribution to state exchequer through greater GST compliance.”

He said they are in the process of installing infrastructure and will have dedicated capacities to meet the enhanced quality and quantity requirements. “We intend to triple our share in the next two years.”

Image Credit : bsmedia.business-standard.com

Author: Research Desk