Jindal Stainless (JSL) has received approval for the acquisition of 100% equity stake in ‘AGH Dreams’ and ‘Utkrisht Dream Ventures’, each for an aggregate consideration of Rs 1 lakh. Both entities will henceforth be wholly-owned subsidiaries of the company. The company will use ADPL and UDVPL to explore the possibility for development of new expansion projects. The sub-committee of Board of Directors of the company in its meeting held on February 27, 2025, approved the same.
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.
