Jindal Stainless eyes 20% growth in topline in the next 12 months

 Jindal Stainless' major competition is from imports, Vijay Sharma, head of sales said

The Rs 21,000-crore Jindal Stainless group is eyeing a 20 per cent growth in topline in the next 12 months on the back of increased capacities at Hisar and Jajpur. While a cold-rolling unit would go on-stream at Hisar, two facilities would be commissioned at Jajpur over the next two months. With this, cold-rolled (CR) steel, which is a value added product, would increase to 60 per cent of sales, said Vijay Sharma, head of sales at Jindal Stainless. 

CR accounts for about 55 per cent of the sales. However, in stainless steel, CR dominates the portfolio at around 80 per