SEBI closes case against Jindal Stainless: Report

Capital markets regulator Securities and Exchange Board of India (SEBI) has reportedly disposed of complaints against Jindal Stainless in a matter related to alleged non-compliance with the regulator's online complaint redressal system, SCORES. Earlier, It was alleged that the company did not obtain SCORES authentication within the stipulated time and also failed to resolve an investor complaint.  However, the SEBI noted that the company had obtained the required authentication and also resolved the pending investor grievance within the prescribed time.

Jindal Stainless , a part of the $18 billion OP Jindal group is the largest integrated manufacturer of stainless steel in India and is ranked among the top 10 stainless steel manufacturers in the world, with a capacity of 1.8 million tonnes (MT).