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Will touch full capacity utilisation level by September: Abhyuday Jindal

He said that the stainless steel sector has a direct correlation with the GDP growth of the country

Abhyuday Jindal
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Abhyuday Jindal says the overall GDP growth in the quarter slowed down on account of weak market sentiments owing to the outbreak of Covid-19

Jayajit Dash
Jindal Stainless Ltd (JSL), the largest maker of stainless steel, is branching out to new export markets in Korea and South America as domestic demand is unlikely to see any uptick before Q3. As Covid-19 bites demand, Abhyuday Jindal, MD of JSL tells Jayajit Dash how the company is keeping a flexible production schedule to align with customer demand and will touch full capacity utilization level by September 2020. Also, JSL’s fresh Capex will be guided by market dynamics and impact on Ebitda growth. Edited excerpts of the interview:

Steel demand is set to witness significant contraction in FY21. Will

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First Published: Jun 17 2020 | 2:03 PM IST

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