Explore Business Standard
Jindal Steel
India must embed accessibility into its infrastructure from the outset rather than treating it as an afterthought, potentially unlocking a trillion-dollar economic opportunity, according to Sminu Jindal, founder of accessibility organisation Svayam and managing director of Jindal SAW Limited. Speaking after her wheelchair was damaged on an IndiGo flight recently, Jindal called for mandatory monthly training for airline staff and steeper financial penalties for mishandling assistive devices. "A wheelchair is almost like a body extension," Jindal told PTI in an interview. "It takes about a year to remake a custom wheelchair. No amount of compensation can take care of that." The aviation industry's high attrition rates demand recurring training, she said, adding that financial penalties remain "the only bit that hurts us all deeply". As India prepares bids for the 2030 Commonwealth Games and 2036 Olympics, Jindal argued accessibility must be embedded from the blueprint stage. "When
A delegation from Jindal Steel International is expected to visit Germany soon to evaluate various financial and operational aspects of thyssenkrupp Steel's assets, in which the Naveen Jindal-led group entity has expressed interest. In September, Jindal Steel International submitted a non-binding offer to thyssenkrupp AG and initiated discussions for the potential acquisition of its steel division. According to industry sources, the company is now preparing to send representatives to Germany to conduct an in-depth assessment of the thyssenkrupp Steel facilities. The evaluation will include a technical review of plant machinery and a broader analysis of the business operations. Sources added that discussions may also be held with workers at the site, as thyssenkrupp Steel is believed to carry a pension liability of approximately 2.7 billion euros. The steel facility in question, located in Duisburgabout 550 km from Berlinhas an annual production capacity of around 11 million tonnes
Jindal India on Tuesday said it has commissioned a new downstream steel facility in West Bengal, with a capacity of 0.6 million tonnes and set up at a cost of Rs 1,500 crore. The capacity expansion will increase the company's existing annual capacity of 1 million tonnes by 60 per cent, the company said in a statement. Jindal (India) said it has announced the commissioning of Rs 1,500 crore new downstream steel capacity and expects a significant increase in its sales revenue in the coming years from this investment. Post the expansion, the company's capacity for coated flat products is set to increase by 60 per cent from the current capacity, 40 per cent for pipe products, and 75 per cent in the crash barrier segment. Jindal India is a part of the USD 2.5 billion BC Jindal Group, which is into energy, steel and packaging films.
Jindal Stainless on Monday said it has set up a steel fabrication unit in Maharashtra, with an initial investment of Rs 125 crore, aimed at catering to the country's infrastructure sector. The unit will fabricate critical components, including bridge girders, among others, to support advanced infrastructure development in India, the company said in a statement. By FY26-27, the unit is expected to achieve an annual fabrication capacity of 18,000 tonnes, up from an estimated 4,000 tonnes in the current financial year, to meet the growing demand for sustainable, high-quality bridge infrastructure. Spread over an area of 4 lakh square feet, the facility has been set up through subsidiary Jindal Stainless Steelway Limited (JSSL) at Patalganga in Mumbai with an initial investment of around Rs 125 crore. "The fabrication unit is another step in our efforts to provide integrated solutions for customers. Bridges are critical connectors, linking people, businesses, and economic activity acro
Jindal Steel on Tuesday announced commissioning a basic oxygen furnace (BoF) of 3MTPA capacity as part of its ongoing over Rs 20,000 crore expansion project at Angul in Odisha. With the installation of the new BoF, the plant's crude steel making capacity has increased to 9 million tonne per annum (MTPA) from 6 MTPA earlier, Jindal Steel said in a statement. A basic oxygen furnace (BoF) converts molten iron or hot metal into steel using gaseous oxygen. The Naveen Jindal group company is in process of investing over Rs 20,000 crore to scale up the capacity of its Angul facility to 12 MTPA making it one the country's largest single location steel manufacturing unit. Jindal Steel said it has commissioned its 250 MT BoF converter at the Angul integrated steel plant, adding 3 MTPA of crude steelmaking capacity. "The new BoF is now running, and the first heat has been successfully tapped. This achievement marks a significant step toward Angul's goal of becoming a 12 MTPA steel-making pla
The proposed safeguard duty of 12 per cent on the import of certain steel products is sufficient and the industry will approach the government again if it faces import-related challenges in future, industry leader Naveen Jindal said on Monday. The Directorate General of Trade Remedies (DGTR) has recommended final imposition of a safeguard duty on imports of certain flat steel products for three years to protect domestic manufacturers from a sudden jump in inbound shipments. The duty was recommended by the DGTR in its final findings of a probe initiated on a complaint by the Indian Steel Association. "We would have liked it to be 25 per cent (safeguard duty). But if in their wisdom, they (DGTR) have recommended 12 per cent...that is sufficient," Jindal told reporters on the sidelines of ISA Steel Conclave 2025 here. When asked if the 12 per cent duty is enough compared to countries like the US, which has imposed tariffs as high as 50 per cent, Jindal said DGTR looks at what kind of
The domestic steel industry has welcomed the commerce ministry's move to recommend imposition of a safeguard duty on imports of certain flat steel products, saying that such measures help India become self-reliant in the sector. In a statement, Naveen Jindal, President of Indian Steel Association (ISA), said recommendation of a safeguard duty on flat steel imports for three years is a welcome step. "While the proposed 12 per cent duty may not fully reflect the geopolitical context where 25 per cent is often considered the norm, it demonstrates clear government support for using such measures to promote Aatmanirbhar Bharat in steel," he said. Jindal, who is also the chairman of Jindal Steel, said introducing a safety net through minimum import prices, below which the recommended duty would be triggered, is also a positive move to protect and support the downstream industry. The Directorate General of Trade Remedies (DGTR), under the Ministry of Commerce, has recommended final ...
Jindal Steel Duqm, a part of Naveen Jindal Group, aims to start operations at its upcoming 5 million tonnes per annum (MTPA) hydrogen-enabled green steel complex at the Special Economic Zone in Duqm (SEZAD) in Oman by 2028, a company executive said. The plant is being developed in two phases at a total investment of approximately USD 3 billion (around Rs 25,000 crore), the official said. Designed to be one of the world's most advanced hydrogen-ready steel facilities, it will initially run on natural gas but will be capable of switching to green hydrogen once the supply infrastructure matures. The complex will consist of two Direct Reduced Iron (DRI) modules of 2.5 MTPA each. While the first unit will be operationalized by December 2028, the second unit is scheduled for commissioning by 2030. Both DRI units are engineered to be hydrogen-ready from day one. According to a senior company executive, Jindal Steel Duqm has informed the Government of Oman that hydrogen will be injected in