Jindal Stainless eyes bigger slice of export market

Faced with surging imports in the home market, India’s largest stainless steel player, Jindal Stainless, is now looking at a bigger play overseas.

Exports currently account for about 20 per cent of total sales, but Abhyuday Jindal, managing director, Jindal Stainless, said, given the dumping that is happening, the company is working towards increasing its share of exports to 30-35 per cent.

Jindal Stainless has units at Jajpur in Odisha under Jindal Stainless Ltd and Hisar in Haryana under Jindal Stainless (Hisar). The companies are in the process of being merged and awaiting approval from the National Company Law Tribunal