Jindal Stainless (JSL) has regained its footing in export volumes by ramping-up production for global markets. In the month of May, JSL despatched export orders of over 12,000 tonnes, comprising more than 40% of the entire share of its despatches. In a normal month, this percentage hovers around 18-20%. In June, the company is slated to despatch over 18,000 tonnes, taking the export volume back to pre-COVID-19 period.
JSL has gradually ramped-up its operations since the re-opening of its manufacturing facility in the first week of May. By the end of May, JSL’s downstream facilities were operating at 60% of installed capacity, and the overall capacity utilization reached 40%. With the gradual easing of lockdown, utilization will be ramped up in June. For uninterrupted operations and smooth flow of goods throughout the supply chain, the company is closely coordinating with local authorities.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
