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Jindal Stainless commissions dedicated facility for Railways in Chennai

19 Feb 2019 Evaluate

Jindal Stainless through its subsidiary -- JSL Lifestyle has commissioned a dedicated facility for Railways in Chennai to supply stainless steel components to the Integral Coach Factory (ICF). The company is targeting an initial revenue of nearly Rs 100 crore annually from this facility and the revenue is expected to touch around Rs 300 crore annually once the enhanced capacity reaches 7.200 tonne.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

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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