Jindal Stainless Share Price

JSL Company Overview

JSL, founded in 1970 by Om Prakash Jindal, is headquartered in New Delhi, with manufacturing units in Hisar, Haryana, and Jajpur, Odisha. It is part of the O.P. Jindal Group and is listed on the Bombay Stock Exchange (BSE: JSL) and the National Stock Exchange (NSE: JINDALSTEL). JSL is India’s largest stainless steel producer with a melt capacity of 2.9 million tonnes per annum. The company manufactures stainless steel slabs, coils, sheets, plates, precision strips, and coin blanks, and serves both domestic and international markets.

Jindal Stainless Business Segments and Revenue Model

Jindal Stainless operates across three main verticals:

• Primary Manufacturing: Produces stainless steel through electric arc furnaces at Hisar and Jajpur, including slabs and blooms.
• Value-Added Products: Offers hot and cold-rolled coils, plates, and specialty products like razor blade steel and austenitic grades for sectors such as automotive, railways, construction, and defence.
• Emerging Sectors: Serves defence and aerospace industries and is expanding into renewable energy applications.

Revenue is driven by domestic and export sales, specialised product offerings, long-term contracts in strategic sectors, and backward integration. The company is strengthening its value-added portfolio and investing in sustainability-linked opportunities to enhance profitability.

Jindal Stainless Key Milestones

• 1970 – Founded as Jindal Strips in Hisar.
• 1975 – Expanded melt capacity and began commercial operations.
• 2002–03 – Rebranded and underwent restructuring; laid foundation for Jajpur plant.
• 2011 – Jajpur facility commenced operations.
• 2013 – Successfully exited CDR mechanism.
• 2015–19 – Enhanced downstream capacity and established overseas presence through joint ventures and acquisitions.
• 2022 – Partnered with a leading renewable firm for a 300 MW wind-solar hybrid power project.
• 2024 – Renewable energy share in operations grew significantly; released TNFD-aligned sustainability disclosures.
• FY25 – Achieved highest-ever sales volumes, robust financials, and announced plans to expand capacity to 4.2 MTPA by FY27.
• Q4 FY25 – Reported 18% YoY profit growth, strong revenue and volume performance, and declared a 150% dividend.
• May 2025 – Board approved a final dividend of ₹2 per share.

Jindal Stainless ESG and Sustainability

• Operates solar and floating solar power units across plants, reducing carbon emissions by over 32,000 tonnes annually.
• Released India's first stainless steel TNFD disclosures in FY25.
• Reduced carbon footprint by 15% and raised renewable energy mix to 17%.
• Key CSR areas include vocational training through Stainless Academy, rural development, education, and environmental protection.
• Long-term targets include achieve net-zero emissions by 2050 and full ESG integration by 2030.

Jindal Stainless Awards and Recognitions

• Received Global Environment Award 2024 for clean energy practices.
• Recognised by CII for energy efficiency at Hisar and Jajpur plants.
• Earned the Sword of Honour from the British Safety Council.
• Won multiple quality awards, including seven golds at the 2023 International Quality Convention.
• Honoured with the India Green Award and a national award for risk management excellence.