Jindal Strips Ltd. demerges stainless operations

Tuesday, 04 February 2003 11:37:59 (GMT+3)   |  

Jindal Strips Ltd. demerges stainless operations

The stainless steel operations of the Indian steel maker Jindal's have been decided to demerge from Jindal Strips Ltd. in view of the recent recommendations of Ernst&Young to restructure the company, targeting to enhance shareholder value. By such demerging, the company aims to create a more focused stainless steel company and a balanced capital structure for further growth in this business. The procedures for the demerging will start off by April 2003 and the new company will be named Jindal Stainless.

Similar articles

India’s JSL commissions 1.2 million mt stainless steel melt shop in Indonesia

25 Mar | Steel News

Operations of India’s Jindal Stainless Limited hit by industrial gas shortage

16 Mar | Steel News

India’s JSL develops country’s first containers for salt transportation by railway

13 Feb | Steel News

Jindal India Limited commissions new downstream steel mill in West Bengal

09 Oct | Steel News

Indian stainless steel producers seek antidumping levy on imports

11 Aug | Steel News

India’s JSL targets 30 percent rise in stainless steel exports in FY 2025-26

20 May | Steel News

India’s JSL mulling $5 billion investment to construct greenfield stainless steel facility

28 Mar | Steel News

India’s JSL cut stainless steel volume growth forecast amid subdued exports

31 Jan | Steel News

India’s JSL seeks scrapping of import duty on molybdenum ore in national budget for 2025-26

28 Jan | Steel News

India’s JSL commissions nickel pig iron smelting facility in Indonesia

20 Aug | Steel News

Marketplace Offers

Hot Drawn Stainless Plate
Thickness:  0.4 - 10 mm
Width:  1,000 - 2,000 mm
Length:  2,000 - 6,000 mm
ERGEN ZIRAAT MAK. SAN. TIC. LTD.STI.
Cold Drawn Stainless Plate
Thickness:  0.4 - 10 mm
Width:  1,000 - 2,000 mm
Length:  2,000 - 6,000 mm
ERGEN ZIRAAT MAK. SAN. TIC. LTD.STI.
Hot Drawn Stainless Plate
Thickness:  2 - 6 mm
Width:  1,000 - 1,500 mm
Length:  2,000 - 6,000 mm
MAIAK-M