SME Times is powered by   
Search News
Just in:   • Jet pilot shoots tough questions at management  • 40 pc transactions with MSMEs on GeM in FY 2018-19  • US dollar falls amid rising British pound  • IndiGo to gain most from Jet Airways collapse  • Airbnb's growth driving down lodging prices: Study 
Last updated: 11 Oct, 2018  

Jindal.9.Thmb.jpg Jindal Stainless Steel to commission new plant for long products

Jindal.9.jpg
   Top Stories
» 40 pc transactions with MSMEs on GeM in FY 2018-19
» Consumer confidence up sharply in April: Ipsos report
» Efforts needed to attract more voters: Minister
» Banking sector needs systematic reforms: Naidu
» Technology opening up new vistas for women entrepreneurs: Naidu
SME Times News Bureau | 11 Oct, 2018
Stainless steel major Jindal Stainless Steel (Hisar) Ltd will soon commission its 50,000 tonne per annum (tpa) long products plant, said a senior official in the group on Wednesday.

He said Jindal Stainless was planning to triple its share in the kitchenware/hollowware segment.

"The stainless steel long and flat products go hand-in-hand. The entry into long products is part of our diversification. Further, the distribution channel for both stainless steel long and flat products are the same," Vijay Sharma, Senior Vice President, Head-Sales and Distribution (Domestic and Exports), told the media.

The plant for stainless steel long products is being set up at Hisar where the company has its stainless steel flat products production facility, he said.

"The long products plant will be ready for operation by the end of this fiscal. The investment for the new plant is about Rs 40 crore," Sharma said.

On plans for kitchenware industry, Sharma said the group led the industry with the introduction of 200 series and will transform the industry by introducing high quality chrome-manganese product through the coil route.

He said usage of stainless steel coil by the kitchenware makers would involve increased automation and increased share of the organised segment in the market.

"We intend to triple our share in the next two years," Sharma said.

The market size of Indian stainless steel flat products is estimated to be 25 lakh tonnes per annum which is growing at a steady rate of 9-10 per cent per annum.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 22 Apr, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Calicut University Collaborates with ACCA(1)
» Economic concerns amid poll heat(1)
» Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration(1)
» Appoint distributors, expand your business(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter