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Jindal Stainless (Hisar) inks License Agreement with DRDO

01 Mar 2017 Evaluate

Jindal Stainless (Hisar) (JSHL) has signed a License Agreement with Defence Research & Development Organisation (DRDO) which entails Transfer of Technology for manufacturing High Nitrogen Steel (HNS) for armour applications.

With this, the company has now become the India’s first company to commercially manufacture High Nitrogen Steel (HNS) for the defence sector. The use of HNS will replace the Jackal Armour Steel, existing material which is mostly being imported into the country, which will result into 50% cost efficiency in material acquisition.

Jindal Stainless (Hisar) is an India-based manufacturer of stainless steel. The company is a producer of stainless steel strips for razor blades and coin blanks. The company’s specialty product division caters to the precision and specialty stainless steel requirements of Indian and International customers.

Peers
Company Name CMP
JSW Steel 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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