Jindal Stainless to focus on speciality steel

Currently, the company has a production capacity of 1.6-1.8 million tonnes and a market share of 45%

As part of its expansion strategy, Jindal Stainless plans to enter some unconventional areas of steel use — defence, nuclear energy, aerospace and long products, all high-margin segments. 

The current production capacity is 1.6-1.8 million tonnes a year, with a market share of 45 per cent.

“We want to move into the speciality steel segment, which is into defence, supplying raw material and not manufacture equipment as such. We also want to venture into long products and aerospace,” Abhyuday Jindal, vice-chairman, told Business Standard.

The company is also supplying steel to an experimental fusion reactor being constructed in the south