JSL witnesses rebound, export orders approach pre Covid-19 levels

The country’s largest maker of stainless steel, Jindal Stainless Ltd (JSL), is witnessing rebound in export orders.

Even though the country is yet to lift the lockdown completely, JSL is recapturing its share in export markets and is ramping up domestic production volumes. In May, JSL despatched 12,000 tonnes of export shipments, representing 40 per cent of its overall despatches. During June, the export shipments are projected to reach 18,000 tonnes, matching volumes of the pre Covid-19 period.

“We’ve adjusted our sails to weather the storm. We’re aggressively chasing export markets in the EU and Russia, which constitutes the bulk