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Jindal Stainless inks MoU with MSME Technology Centre in Visakhapatnam

12 Feb 2024 Evaluate

Jindal Stainless has inked a deal with the Micro, Small and Medium Enterprises (MSME) Technology Centre, Visakhapatnam for manufacturing value-added products for the missile and satellite launch vehicle segments. The aim of the MoU is to capitalise on Jindal Stainless' expertise in strategic material supply and the manufacturing capabilities of the MSME Technology Centre. It is also aimed at encouraging and supporting the local MSMEs by partnering with them for the production orders. 

The products resulting from this MoU will find application in various components, such as motor casings, missile wings, missile launcher structures and rocket motor boosters. The collaboration will significantly enhance the manufacturing of essential components and sub-assemblies crucial for the development of equipment across defence, aerospace, and other industries.

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


Jindal Stainless Share Price

729.00 -12.55 (-1.69%)
12-May-2026 12:29 View Price Chart
Peers
Company Name CMP
Tata Steel 212.45
JSW Steel 1253.10
SAIL 177.90
Jindal Stainless 729.00
APL Apollo Tubes 1891.00
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