India’s Jindal Stainless Limited achieved total sales of 1,011,292 mt in the fiscal year 2021-22, up 23 percent year on year, a company statement said on Tuesday, April 12.
Domestic demand increased in segments like lifts and elevators and railways, but demand in consumer segments like pipes and tubes remained muted due to destocking owing to the increase in raw material prices, the company statement said.
I graduated from the University of Kolkata with a degree in economics and have three decades of experience in reporting for leading print media publications, covering key manufacturing industries like iron and steel, energy (fossil and renewable), chemicals and petrochemicals and mining sectors (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis reporting on the Indian steel industry covering pricing and trade trends across the value chain, capacity creations and utilizations, corporate developments, government policy frameworks and industry related news.
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