Jindal Steel to enter container making biz to address domestic shortages

The company plans to manufacture containers at a price point lower than the landed cost of imported boxes

Naveen Jindal-led Jindal Steel & Power (JSPL) will soon be foraying into the container manufacturing business and is setting up a facility either at Odisha or in Chhattisgarh.

“The decision has been taken just last week. For us, it is a downstream product and we already make the kind of speciality steel needed for manufacturing containers. We also have the technology and, hence, foray into this segment will not be difficult,” V R Sharma, managing director, told Business Standard.

India has no container manufacturers. The biggest container manufacturer in the world is China.

The Ministry of Ports, Shipping and Waterways