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Jindal Stainless gets nod to incorporate four subsidiary companies

30 May 2014 Evaluate

Jindal Stainless has received an approval to acquire/incorporate four subsidiary companies with an initial investment of up to Rs 10 lakh each, aggregating to total investment of up to Rs 40 lakh. The board of directors at its meeting held on May 29, 2014 has approved for the same.

Jindal Stainless manufactures stainless steel slabs, blooms, hot rolled and cold rolled coils, 60% of which are exported worldwide. It has a stainless steel making facility at Hissar and a ferro alloy plant at Vizag.

Peers
Company Name CMP
JSW Steel 1251.20
Tata Steel 169.50
Steel Authority 161.20
Jindal Stainless 683.10
APL Apollo Tubes 2199.85
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