Jindal Stainless Steel to commission new plant for long products
Stainless steel major Jindal Stainless Steel (Hisar) Ltd will soon commission its 50,000 tonne per annum (tpa) long products plant, said a senior official in the group.
He said Jindal Stainless was planning to triple its share in the kitchenware/hollowware segment.
“The stainless steel long and flat products go hand-in-hand. The entry into long products is part of our diversification. Further, the distribution channel for both stainless steel long and flat products are the same,” Vijay Sharma, Senior Vice President, Head-Sales and Distribution (Domestic and Exports), told the media.
The plant for stainless steel long products is being set up at Hisar where the company has its stainless steel flat products production facility, he said.
“The long products plant will be ready for operation by the end of this fiscal. The investment for the new plant is about Rs 40 crore,” Sharma said.