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Jindal Stainless (Hisar) gets nod for merger with Jindal Stainless

30 Dec 2020 Evaluate

Jindal Stainless (Hisar) (JSHL) has received approval from board of directors for merger into the country’s largest stainless steel maker Jindal Stainless (JSL). Having a total melting capacity of 0.8 million tonne per annum (MTPA), Hisar-based JSHL is the largest specialty stainless steel producer in India with a diversified value-added product portfolio.

Merger of JSHL into JSL will create a mega stainless steel entity that will be among the top-10 stainless steel companies in the world and the largest stainless steel company in India.

Jindal Stainless (Hisar) is world's largest producer of Stainless Steel strips for razor blades and India's largest producer of coin blanks, serving the needs of India and International mints.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.00
APL Apollo Tubes 2181.05
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