Jindal Steel leans on railways, defence, petro to drive long steel volumes

With producers such as Tata Steel and JSW focusing on high-margin flat products for auto sector, Jindal is well placed to capture upcoming demand from infra segment

As the suitable product mix at its Angul facility continues ramp-up, Naveen Jindal-led Jindal Steel & Power (JSPL) could be looking to capture the growing demand from the domestic infrastructure segment in the coming years.

According a recent Icra report, India’s domestic steel consumption growth is expected to grow by 7 per cent in the current fiscal with the trend likely to continue in FY20, largely driven by government focus on infrastructure sector.

“For Jindal Steel, the upside potential is the highest, not just because we are upping production but also because of our product mix. This mix is very