Jindal Stainless’ Business Consolidation In Focus, Says IDBI Capital

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IDBI Capital Report

We interacted with Anurag Mantri, Chief Financial Officer at Jindal Stainless Ltd. to discuss the company’s business outlook.

The company is India’s largest stainless steel manufacturer with a capacity of 1.1 million tonne per annum.

In the near-term, the company aims to focus on deleveraging while it will announce expansion-related capex in March 2021.

The company’s board has scheduled a meeting on December 29, 2020 to consider a merger/ scheme of arrangement with its group company, Jindal Stainless (Hisar).

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