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Jindal Stainless bets big on decorative pipes, tubes in eastern India

13 Nov 2020 Evaluate

Jindal Stainless is betting big on decorative pipes and tubes in eastern India, even as the segment was expanding at a rate of 12-13 percent amid Covid induced disruptions. Out of the Rs 7,000 crore national market of decorative pipes and tubes, the eastern region accounts for Rs 1,000 crore a year. The company has embarked upon Phase 2 of its nationwide pipe & tube co-branding programme 'Jindal Saathi' as a strategy to increase its footprints.

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 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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