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Jindal Stainless’ Odisha unit commissions metal recovery plant

28 Apr 2015 Evaluate

Jindal Stainless’ (JSL) 0.8 million tonne per annum (mtpa) scrap-based stainless steel unit at Jajpur in Odisha has commissioned a metal recovery plant in association with Harsco Corporation of US. This plant is a part of multi-year contract between JSL and Harsco. The plant will recover stainless steel from slug.

The company will buy the recovered metal -- estimated to be 5,000 to 6,000 tonnes a year -- from Harsco. The company imports stainless steel scrap for the Odisha unit. It also has a coke making unit of 0.8 mtpa capacity at Jajpur.

Jindal Stainless , a part of the $18 billion OP Jindal group is the largest integrated manufacturer of stainless steel in India and is ranked among the top 10 stainless steel manufacturers in the world, with a capacity of 1.8 million tonnes (MT).

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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