Page 3 - Jindal Group

Jindal Stainless seeks zero customs duty on ferro nickel, ferro molybdenum

Jindal Stainless on Friday said it has sought continuation of zero customs duty on stainless steel scrap, steel scrap and pure nickel. "As we approach the Union Budget for 2024-25, we request continued support from the Ministry of Steel. In particular, we propose a long-term exemption of basic customs duty on ferro nickel and ferro molybdenum to ensure the industry's access to this important raw material at competitive rates. Additionally, we advocate for the continuation of zero customs duty on stainless steel scrap and steel scrap, besides pure nickel," Jindal Stainless Managing Director Abhyuday Jindal said in a statement. The present customs duty on ferro nickel is 2.5 per cent while in the case of ferro molybdenum it is 5 per cent. According to the statement, Jindal Stainless is confident that these proposals will help the stainless steel industry thrive. "We also request continuing export duty of 30 per cent on exports of chrome ore from the country. The issue of dumping and

Jindal Stainless to generate 1.9 bn units of clean energy via green drive

Jindal Stainless on Thursday said it will generate over 1.9 billion units of clean electricity per year through its green energy initiatives. The initiatives have the potential to reduce carbon emissions by over 13.52 lakh tonnes per annum. "Jindal Stainless... will generate over 1.9 billion units of clean electricity per annum through its wind-solar hybrid, floating and roof-top solar plants, according to its newly released Sustainability Report," the company said in a statement. The company has already entered into partnership with ReNew Power to deliver 100 megawatt round-the-clock renewable energy. "The remarkable achievements in renewable energy initiatives are pivotal to our vision of a greener future. "Our strides in R&D foster innovation that elevates industry standards and ensures our operations contribute positively to the planet and its people," Jindal Stainless Managing Director Abhyuday Jindal said.

JSW chief Sajjan Jindal denies allegations of rape, calls them 'baseless'

Media reports said Jindal was accused of rape in a report filed at Mumbai's Bandra Kurla Complex Police Station

Delhi University, OP Jindal Global University join hands to host 74th AICC

The main theme of the 74th AICC is 'One Earth-One Family-One Future', and it will see discussions on the New Education Policy 2020, business transformation and digital economy

Jindal Saw, others settle matter; dispute resolution platform from April

The Securities and Exchange Board of India (Sebi) has exte­nded the timeline for implem­enting online dispute resolution (ODR) platform to April 2024

Jindal Stainless Q2 results: Net profit more than doubles to Rs 764 cr

Jindal Stainless Ltd (JSL) on Thursday said its consolidated net profit has more than doubled to Rs 764.03 crore in the September quarter, on the back of higher income. It had clocked Rs 347.02 crore net profit in the year-ago period, JSL said in a regulatory filing on Thursday. The company's total income increased to Rs 9,828.97 crore in the second quarter of the current fiscal as against Rs 8,776.61 crore a year ago. JSL's expenses were at Rs 8,944.04 crore, higher than the Rs 8,335.52 crore it reported a year ago. In a separate statement, JSL Managing Director Abhyuday Jindal, said, "Our domestic sales increased year-on-year (y-o-y), buoyed by the government's push for stainless steel in strategic sectors." "As we wait for the National Stainless Steel Policy, we are confident that the per capita consumption of stainless steel in India will increase from the current 2.8 kg in the coming years," he said. Chinese imports have increased by nearly 55 per cent year-on-year, which ..

After Jindal, Jettwings submits expression of interest for Go First

On Wednesday, Naveen Jindal-led Jindal Power Limited (JPL) also submitted an EoI for Go First

Jindal family-backed Shalimar Paints scripts new coming after stagnation

Jindal family-backed paint company taken up goal of modernising plants, enhancing capacity

Graves a barrier for Jindal's $2 billion South African iron-ore mine

The obstacles faced by the company highlight the challenges of investing in South African mining, where decades of violations of environmental and social rights under apartheid eroded trust

Jindal Aluminium Limited receives AS9100D Aerospace Certification

The AS9100D Aerospace Certification is the benchmark for ensuring exceptional quality in aviation, space and defence manufacturing and supply chain processes

Jindal Stainless ropes in Dassault Systemes to manage operational functions

Jindal Stainless Ltd (JSL) on Thursday said it has roped in Germany-based Dassault Systemes to manage "end-to-end" production and operational functions at its Hisar and Jajpur units. The deal was signed between JSL Managing Director Abhyuday Jindal and Eric Leveugle, Vice President, Worldwide Business Transformation, Dassault Systemes at Dusseldorf in Germany on Thursday, the company said in a statement. "JSL has inked a deal with Dassault Systemes to strengthen its production planning, scheduling and execution processes. Having recently merged and doubled its capacity to 2.9 million tonne per annum (MTPA), this will enable JSL to seamlessly manage end-to-end production and operational functions between Hisar (Haryana) and Jajpur (Odisha)," it said. By adopting an integrated and fully automated approach to operations management, JSL intends to achieve sharper resource utilisation, faster capacity balancing, live data synthesis and accurate predictions, while maintaining high-quality

Jindal Steel and Power says enquiries from European buyers on rise

We did see some increase in the order book and a lot of enquiries (from Europe): Bimlendra Jha, managing director of Jindal Steel and Power

JSPL acquires Monnet Power for Rs 410 cr through insolvency process

Monnet Power has a 1050 MW under-construction plant in Odisha's Angul

Jindal, Adani, Mittal line up more projects and investments in Odisha

The spirit was matched by industrialists - the who's who of India Inc who were present on Thursday, the first day of the investment conclave

Adani, Reliance among 15 bidders in race to buy Future Retail's assets

Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation among companies expressing interest

JSW Energy Q2 net up 37% to Rs 466 cr; Parth Jindal joins board

Revenue up 16% YoY to Rs 2,596 cr; finance cost rises by 7% due to additional borrowings for ongoing capex

JSW sets ambitious goals for e-commerce business, eyes $20-bn GMV by FY32

Of the targeted $20 billion GMV by FY32, JSW products is expected to account for 65 per cent, the balance would be non-JSW

India at 75: From Ambanis to Bajaj - 20 doyens who shaped India's business

Each one of them has played a key role in the building of India, taking ideas and giving them wings. Here's a look at 20 leaders of India Inc who are inseparable from the idea of India

India Inc's green push gets a fillip with amended Energy Conservation Bill

Share of thermal energy for manufacturing companies almost 95%

Shareholders, creditors approve Jindal Stainless Steel-JSHL merger

Having a total melting capacity of 0.8 million tonne per annum (MTPA), the Hisar-based JSHL is the largest specialty stainless steel producer in India with a diversified value-added product portfolio