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Jindal Stainless cuts export forecast on Red Sea crisis, weaker EU, US demand

India s biggest stainless steel manufacturer hopes to ship out 10-12% of its estimated overall sales of over 2.1 million metric tons in 2023/24, down from its previous forecast of 15%, Abhyuday Jindal, managing director of Jindal Stainless, told Reuters in an interview. The company is exploring "new options" and a "variable freight model", Jindal said, as part of efforts to deal with the challenges posed by attacks launched by the Iran-allied Houthi militia on ships in the Red Sea. He did not give details of the options being weighed by his company.

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Mehta Equities top picks: Jindal Stainless, HDFC Bank, and Sandhar Tech - Market News

Mehta Equities top picks: Jindal Stainless, HDFC Bank, and Sandhar Tech - Market News
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Jindal Stainless Elevates Tarun Khulbe As CEO -

PTI Jindal Stainless Ltd on Monday said it has elevated Whole Time Director Tarun Khulbe as Chief Executive Officer (CEO). A decision in this regard was taken at the company's board meeting last week, Jindal Stainless Ltd (JSL) said in a regulatory filing. "The board has approved the elevation of Tarun Khulbe as the Chief…

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New Powergrid CMD

New Powergrid CMD
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Request government for protectionist measures in Budget; remove duty on raw materials: Abhyuday Jindal, ET Auto

Budget 2024: "One long-standing requirement of the stainless steel industry has been that there are certain raw materials that are not present in the country like ferro nickel and ferro molybdenum," Jindal told.

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