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Latest news about Jindal Stainless

Jindal Stainless Partners with Indian Railways to Develop India's First Stainless Steel Salt Container 3 hrs ago Today

Jindal Stainless has successfully developed India's first stainless steel container for salt transport in partnership with Indian Railways, completing trials on February 10, 2026. The container features 304 grade stainless steel construction with 33.0 metric tonnes payload capacity and 15-20 year lifespan, offering superior corrosion resistance and sustainability advantages over conventional materials.

Jindal Stainless Incorporates Wholly-Owned Subsidiary for Centralized Shared Services 1 day ago Yesterday

JSL Overseas Holding Limited Acquires Additional 3.61 Lakh Shares in Jindal Stainless Limited 10 days ago

Jindal Stainless to Announce Growth Targets and Investment Plans by Q4 FY26 Jan 23, 2026

Jindal Stainless Reports Strong Progress on FY26 Capital Expenditure Plans Jan 23, 2026

More news about Jindal Stainless

22Jan 26

Jindal Stainless Limited Makes Q3 FY26 Earnings Call Recording Available

Jindal Stainless Limited has disclosed the availability of its Q3 & 9M FY26 earnings call audio recording held on January 22, 2026, through regulatory filings to BSE and NSE. The company conducted the earnings call with investors and analysts at 4:30 PM and made the recording accessible via its official website, complying with SEBI's disclosure regulations.

21Jan 26

Jindal Stainless Announces Interim Dividend of ₹1.00 Per Share

Jindal Stainless has declared an interim dividend of ₹1.00 per share for its equity shareholders. The dividend announcement reflects the company's commitment to shareholder value creation and maintaining regular dividend distributions. This interim dividend payment demonstrates the company's focus on returning value to investors through consistent dividend policies.

21Jan 26

Jindal Stainless Reports 26.7% YoY Growth in Q3 Consolidated Net Profit

Jindal Stainless delivered strong Q3 financial results with consolidated net profit growing 26.7% year-on-year to ₹8.30 billion from ₹6.55 billion. Revenue also increased by 6.3% to ₹105.20 billion compared to ₹99.00 billion in the previous year's corresponding quarter. The results demonstrate the company's operational efficiency and positive business momentum in the stainless steel sector.

21Jan 26

Morgan Stanley Upgrades JSPL to Overweight, Raises Target Price to ₹1,250

Morgan Stanley has upgraded JSPL from Equal Weight to Overweight rating, raising the target price to ₹1,250.00 per share. The upgrade reflects improved confidence in the steel company's investment prospects and suggests expectations of above-average returns relative to other stocks in Morgan Stanley's coverage universe.

20Jan 26

Jindal Stainless Limited Grants 1,186,108 Stock Options to Eligible Employees Under ESOS 2023 Scheme

Jindal Stainless Limited granted 1,186,108 stock options to eligible employees under ESOS 2023, comprising 593,054 ESOPs at ₹403.00 and 593,054 RSUs at ₹2.00 face value. The scheme shows strong historical performance with 828,492 options vested and ₹3.97 crores realized from exercised options as of December 31, 2025.

14Jan 26

Jindal Stainless Limited Board Meeting Scheduled for January 21, 2026 to Consider Q3FY26 Results and Interim Dividend

Jindal Stainless Limited has scheduled its board meeting for January 21, 2026, to approve Q3FY26 unaudited financial results for the quarter and nine months ended December 31, 2025, and consider interim dividend declaration. The trading window, closed since January 1, 2026, will reopen on January 24, 2026, following results announcement in compliance with SEBI regulations.

09Jan 26

Jindal Stainless Shareholders Approve Re-appointment of Independent Director Dr. Rajeev Uberoi

Jindal Stainless Limited shareholders have approved the re-appointment of Dr. Rajeev Uberoi as independent director for a second three-year term through postal ballot concluded on January 9, 2026. The special resolution received 93.86% votes in favour from 890 participating shareholders representing over 70.42 crore votes, with the promoter group providing unanimous support and strong backing from institutional and retail investors.

09Jan 26

Jindal Stainless Shareholders Approve Re-appointment of Independent Director Dr. Rajeev Uberoi

Jindal Stainless Limited shareholders overwhelmingly approved the re-appointment of Dr. Rajeev Uberoi as independent director for a second three-year term through postal ballot results declared January 9, 2026. The special resolution received 93.86% approval with 66,09,79,434 votes in favour out of 70,42,46,815 total valid votes cast. The e-voting process conducted from December 10, 2025 to January 8, 2026 saw participation from 890 shareholders, with promoter group showing 100% support and strong institutional investor engagement at 84.53% polling rate.

26Dec 25

Jindal Stainless Limited Receives Updated ESG Rating of 71 for FY25

Jindal Stainless Limited announced an updated ESG rating of 71 for Financial Year 2024-25 from NSE Sustainability Ratings & Analytics, representing an improvement from the earlier rating of 68.3 assigned by SES ESG Research. The company made the regulatory disclosure on January 8, 2026, pursuant to SEBI regulations, demonstrating enhanced ESG performance across environmental, social, and governance dimensions.

03Dec 25

Jindal Stainless Leads Sustainability Efforts in Steel Sector, Secures Top Global Ranking

Jindal Stainless has secured the fourth position in the steel sector and top spot in the stainless steel category worldwide for sustainability. The company achieved an ESG score of 78 in the Dow Jones Sustainability Index Corporate Sustainability Assessment, placing it among the top 5% of global steel companies. Jindal Stainless outperformed the global steel industry average across environmental, social, and governance dimensions. The company's sustainability initiatives led to a 14% year-on-year reduction in GHG emissions and implementation of Odisha's largest captive solar plant. Financially, Jindal Stainless showed robust growth with total assets increasing by 17.33% year-on-year to Rs 36,158.10 crore.

01Dec 25

Jindal Stainless Unveils 'JSL Saathi Pragati': A Game-Changing Loyalty Program for Stainless Steel Industry

Jindal Stainless Limited (JSL) has introduced 'JSL Saathi Pragati', a loyalty program for its stainless steel pipes and tubes segment. The program, aimed at retailers and fabricators, offers rewards, product verification through QR codes, and a dedicated mobile app. Over 30,000 partners have already joined the initiative, which is designed to strengthen JSL's distribution network, combat counterfeit products, and enhance customer engagement in the stainless steel industry.

18Nov 25

Jindal Stainless Unveils ₹5,700 Crore Investment Plan to Boost Global Leadership

Jindal Stainless Limited (JSL) has unveiled a ₹5,700 crore investment strategy to enhance its position in the global stainless steel market. The plan aims to boost production capabilities and technological advancements. JSL reported strong financial performance with sales volume reaching 2,373,000 tonnes, a 15% increase, and revenue of ₹39,312 crore, up by 19%. The company focuses on innovation, developing specialty products for niche markets, and expanding its global footprint. JSL also emphasizes sustainability, having achieved carbon abatement of 76,595 TCO2e and utilizing 72% scrap in production. The investment aligns with positive industry outlook and government initiatives promoting stainless steel usage in infrastructure projects.

12Nov 25

Jindal Stainless Reports Strong H1 Growth, Maintains Conservative Annual Target Amid Regulatory Concerns

Jindal Stainless, a leading Indian stainless steel manufacturer, reported an 11% volume growth in the first half of the fiscal year. Despite this strong performance, the company maintains a conservative 9-10% annual growth target due to upcoming regulatory changes, including the Carbon Border Adjustment Mechanism (CBAM) and Quality Control Orders (QCO). The company has partnered with Greenzon Energy to build a 600 NM3/hour green hydrogen plant in Jajpur, demonstrating its commitment to sustainability. Jindal Stainless recently held its Q2 & H1FY26 Earnings Call and will participate in the Anand Rathi Annual Flagship Conference G-200 Summit in Mumbai.

10Nov 25

Jindal Stainless Reports 32% Jump in Q2 Net Profit, Sees Strong Sales Growth

Jindal Stainless Limited (JSL) reported a 32% year-on-year increase in consolidated net profit to Rs 808.00 crore for Q2. Sales volumes rose by 15% to 648,050 tonnes, while income grew 12% to Rs 10,982.46 crore. The company experienced consistent demand across industrial pipes, lifts, metro, and railway sectors. JSL maintained market share despite import challenges through competitive pricing. The company developed high-strength stainless steel rebars for the bullet train project and secured a defense order. JSL also partnered with Greenzo Energy India to establish a green hydrogen plant at its Jajpur facility.

10Nov 25

Jindal Stainless Reports Strong Q2 Results, Outlines Growth Strategy

Jindal Stainless Limited (JSL) announced robust Q2 financial results with significant year-on-year growth. Sales volume increased by 14.80% to 648,050, net revenue grew by 11.60% to ₹10,881 crore, EBITDA rose by 5.30% to ₹1,060 crore, and PAT improved by 9.30% to ₹644 crore. The company maintained a 91:9 domestic to export sales ratio. JSL expressed concerns about cheap imports from China and Vietnam potentially distorting the market. The company outlined a growth strategy focused on strengthening its value-added portfolio, expanding downstream facilities, and improving efficiency through digitization and renewable energy integration.

28Oct 25

Jindal Stainless Limited Re-Appoints Dr. Rajeev Uberoi as Independent Director

Jindal Stainless Limited (JSL) has re-appointed Dr. Rajeev Uberoi as an Independent Director for a second three-year term, effective November 2, 2025. The decision was approved by circulation on October 28, 2025, following a recommendation from the Nomination and Remuneration Committee. Dr. Uberoi, an expert in Governance, Legal, Compliance, and Control, brings extensive experience from roles at IDFC, Yes Bank, and other financial institutions. JSL confirmed Dr. Uberoi's eligibility and made necessary disclosures in compliance with SEBI regulations.

15Oct 25

Jindal Stainless Invests $150 Million in New Wet Milling Plant, Boosting Circular Production

Jindal Stainless has opened a new wet milling plant in Jajpur, Odisha, partnering with Harsco Environmental in a $150 million, 15-year agreement. The facility will double slag processing capacity, enhancing metal recovery and supporting the company's expanded operations. This investment aligns with Jindal Stainless' ESG goals, including its Net Zero emissions target by 2050. The project is expected to create 140 new jobs and improve the company's operational efficiency and cost-competitiveness.

10Oct 25

Jindal Stainless Revolutionizes Salt Transport with Innovative Stainless Steel Trailers

Jindal Stainless has introduced lightweight, corrosion-resistant salt trailers made from advanced stainless steel. The new trailers offer 25% weight reduction, extended lifespan of 15-20 years, improved fuel economy, and estimated cost savings of INR 25-30 lakhs over 10 years. Made from 304 & JT (N7) grade stainless steel, these trailers address key challenges in salt transportation such as corrosion, durability, and maintenance costs. With an annual demand of 70,000 units in India's salt trailer market, Jindal Stainless is partnering with certified fabricators and industry bodies to ensure quality and drive adoption. This innovation aligns with the company's sustainability goals and expansion plans.

06Oct 25

Jindal Stainless Invests ₹125 Crore in New Mumbai Fabrication Unit

Jindal Stainless has opened its first stainless steel fabrication unit in Mumbai with an investment of ₹125 crore. The facility is expected to reach an annual capacity of 18,000 tonnes by FY26-27 and create over 250 new jobs. This strategic move expands the company's production capabilities and strengthens its presence in Western India.

10Sept 25

Jindal Stainless Bolsters Bangalore Metro Phase 2 with High-Quality Steel Supply

Jindal Stainless has provided 1,031 metric tonnes of 301N Austenitic stainless steel for the Bangalore Metro Phase 2 project. The steel is being used in operational metro coaches, including roofs and structural parts. The yellow line of the project was recently inaugurated by Prime Minister Narendra Modi. The 301N Austenitic stainless steel offers high strength-to-weight ratio, excellent corrosion protection, superior fire and crash resistance, and a low carbon footprint. Jindal Stainless has contributed to metro projects in India and globally, including Queensland, Melbourne, and Sydney. The company reported an annual turnover of INR 40,182.00 crore and is expanding its facilities to reach an annual melt capacity of 4.20 million tonnes.

08Sept 25

JSL Overseas Boosts Stake in Jindal Stainless with 1.2 Million Share Acquisition

JSL Overseas, a co-promoter of Jindal Stainless, acquired 1.2 million shares from the open market on September 3 and 4, 2025. This increased JSL Overseas' shareholding from 16.16% to 16.30% of the total share capital, representing a 0.14% increase in the promoter group's stake. The transaction was disclosed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

12Aug 25

Jindal Stainless Reports Strong Q1 Results with 8% Volume Growth and 23% EBITDA Jump

Jindal Stainless Limited (JSL) reported robust Q1 financial results with 8% year-on-year growth in sales volume, reaching 626,252 metric tons. EBITDA increased by 23% quarter-on-quarter and 8% year-on-year to Rs. 1,310.00 crores. Profit After Tax rose 21% quarter-on-quarter and 11% year-on-year to Rs. 715.00 crores. The company's performance was driven by an enhanced product mix, increased value-added products, and strong domestic demand. JSL maintained its volume growth guidance of 9-10% for the fiscal year and announced a CAPEX plan of Rs. 2,700.00 crores for downstream capacities and logistics infrastructure improvements.

08Aug 25

Jindal Stainless Sets August 22, 2025 as Record Date for Final Dividend

Jindal Stainless Limited (JSL) has announced August 22, 2025, as the record date for its final dividend of INR 2.00 per equity share for FY 2024-25, subject to shareholder approval. Eligible shareholders will be determined based on the Beneficial Owners list and Register of Members as of the record date. If approved at the AGM, the dividend will be paid within 30 days, subject to tax deductions. JSL has informed the BSE and NSE about this corporate action in compliance with SEBI regulations.

08Aug 25

Jindal Stainless Reaffirms FY26 Growth Targets, Aims for 80-85% Capacity Utilization

Jindal Stainless Limited (JSL) has maintained its volume growth target of 9-10% for FY26 and provided EBITDA guidance of ₹19,000-21,000 per ton. The company aims to achieve 80-85% capacity utilization by FY26 end. Its subsidiary, Chomeni, is expected to reach 80-85% capacity utilization by H2 FY26. JSL has made the audio recording of its Q1FY26 earnings call available on its website.

06Aug 25

Jindal Stainless Reports Strong Q1 Results, Targets 4.2 MT Capacity by FY27

Jindal Stainless Limited (JSL) reported robust Q1 financial results with net revenue up 8.2% to ₹10,207 crore, EBITDA up 8.1% to ₹1,310 crore, and PAT up 10.6% to ₹715 crore. Sales volume increased by 8.3% to 626,252 tonnes. The company plans to expand production capacity to 4.2 million tonnes by FY27, including a new melt shop in Indonesia. JSL is focusing on high-value sectors like defense and clean energy alloys, and implementing digital manufacturing initiatives. The company acquired a stake in a renewable energy project and achieved product innovation with the manufacture of 9Cr1Mo plate. JSL's corporate office received Platinum LEED certification, demonstrating commitment to sustainability.

06Aug 25

Jindal Stainless Reports 11% Profit Growth in Q1, Revenue Rises to ₹10,341 Crore

Jindal Stainless Limited (JSL) reported robust Q1 financial results. Standalone net revenue increased 8% to ₹10,340.51 crore, while profit after tax grew 11% to ₹641.64 crore. Consolidated revenue rose 8.2% to ₹10,207.14 crore, with profit up 10.6% to ₹714.66 crore. Sales volume increased 8.3% to 626,252 tonnes. JSL acquired a 33.64% stake in a renewable energy project and plans to expand melting capacity to 4.2 MTPA through an Indonesian joint venture. The company maintained a healthy debt-to-equity ratio of 0.35 and interest service coverage ratio of 9.57.

03Jun 25

Jindal Stainless Acquires Stake in Renewable Energy Venture for Rs 79.20 Crore

Jindal Stainless Ltd. has acquired a 33.64% stake in Oyster Green Hybrid One Pvt. for Rs 79.20 crore, with plans to invest up to Rs 132.00 crore. The investment is for developing a 282-MW hybrid renewable energy project, expected to be commissioned by the third quarter of FY26. This strategic move aims to secure green energy for Jindal Stainless' manufacturing plants, potentially reduce long-term energy costs, and enhance the company's commitment to sustainable practices.

02Jun 25

Jindal Stainless Acquires 33.64% Stake in Oyster Green Hybrid One for 282 MW Renewable Energy Project

Jindal Stainless has acquired a 33.64% stake in Oyster Green Hybrid One Private Limited, an SPV for a 282 MW hybrid renewable energy project. The company has initially invested ₹79.20 crore, with plans to invest a total of ₹132.00 crore. The project aims to supply 700 million units of renewable power annually and is expected to be commissioned by Q3 FY26.

11May 25

Jindal Stainless Unveils Ambitious Rs 40,000 Crore Investment Plan in Maharashtra

Jindal Stainless is in talks with the Maharashtra government to acquire land for a new stainless steel facility. The project, estimated to cost Rs 40,000 crore, is planned over a 10-year timeline and aims to create a 4 million tonnes annual melting capacity. This expansion is expected to generate 15,000 jobs and is part of the company's broader strategy to increase its total capacity to 4.20 million tonnes by FY27. The investment could significantly boost Maharashtra's industrial sector and strengthen India's position in the global stainless steel market.

08May 25

Jindal Stainless Reports 17.8% Profit Increase in Q4FY25, Declares Dividend

Jindal Stainless announced its Q4 FY2025 results, reporting a 17.8% year-on-year increase in consolidated net profit to ₹590.00 crore. Revenue grew by 7.9% to ₹10,198.00 crore. The company declared a final dividend of ₹2.00 per share, bringing the total FY2025 dividend to ₹3.00 per share. EBITDA margin for Q4 stood at 10.4%.

22Apr 25

Jindal Stainless Unveils Odisha's Largest Captive Industrial Solar Plant

Jindal Stainless has commissioned Odisha's largest captive industrial solar plant at its Jajpur manufacturing unit. The 30 MWp facility includes a 7.32 MWp floating solar plant and a 23.02 MWp rooftop solar system. It will generate 44.30 million units of green energy annually, reducing CO2 emissions by 32,208 metric tonnes per year. This project is part of Jindal Stainless' commitment to achieve Net Zero by 2050 and its plan to invest INR 700 crore in decarbonization projects over the next five years.

11Apr 25

Jindal Stainless Subsidiary Inks 11 MWp Solar Power Deal, Advancing Sustainability Goals

Jindal Stainless Limited's subsidiary, JSL Super Steel, has signed an 11 MWp Power Purchase Agreement with Sunsure Energy to replace 40% of conventional energy at its Ghaziabad facility with solar power. This initiative will generate 16.50 million units of clean energy annually, offsetting 12 million kg of carbon emissions. The agreement aligns with Jindal Stainless' goal to reduce carbon emissions by 50% by 2035 and achieve Net Zero by 2050. The company has already reduced over 310,000 tonnes of CO2 in the last three fiscal years and is investing INR 700 crore in decarbonization projects over the next five years.

10Apr 25

Jindal Stainless Subsidiary Inks 11 MWp Renewable Energy Deal, Boosting Sustainability Efforts

JSL Super Steel, a subsidiary of Jindal Stainless Limited, has signed an 11 MWp Power Purchase Agreement with Sunsure Energy. This agreement will replace 40% of conventional energy at JSL Super Steel's Ghaziabad facility with renewable energy. The solar power, sourced from Sunsure's 49 MWp project in Uttar Pradesh, will generate 16.5 million units annually and offset 12 million kilograms of carbon emissions per year. This move aligns with Jindal Stainless' sustainability goals, including reducing carbon emissions by 50% by 2035 and achieving Net Zero by 2050.

28Mar 25

Jindal Stainless Unveils Massive Rs 40,000 Crore Investment Plan for Maharashtra Plant

Jindal Stainless plans to invest ₹40,000 crore (approx. $4.80 billion) to establish a new manufacturing plant in Maharashtra. This expansion is expected to significantly boost the company's production capacity and strengthen its market position. The project is likely to create substantial employment opportunities and contribute to Maharashtra's industrial development. Separately, the company announced the closure of its trading window for insiders from April 1, 2025, until two days after the declaration of FY 2024-25 financial results, in compliance with SEBI regulations.

27Mar 25

Jindal Stainless Unveils Massive Rs 40,000 Crore Investment Plan for Maharashtra

Jindal Stainless, a leading Indian stainless steel manufacturer, has announced plans to invest Rs 40,000 crore in a new plant in Maharashtra. This expansion is expected to boost production capacity and create job opportunities. The company has also announced the closure of its trading window for insiders from April 1, 2025, until two days after the declaration of audited financial results for the quarter and year ending March 31, 2025.

26Mar 25

Jindal Stainless Expands Fintech Footprint: Strategic Stake in Mynd Solutions and Partnership with M1xchange

Jindal Stainless Limited (JSL) has acquired a 5.03% stake in Mynd Solutions for ₹102.70 crore, bringing its consolidated stake to 9.62%. JSL also partnered with M1xchange, a TReDS platform owned by Mynd Solutions. The move aims to enhance JSL's fintech capabilities, improve supply chain financing, and support MSME vendors. The acquisition is expected to complete in Q1 FY'26.

25Mar 25

Jindal Stainless Expands Fintech Footprint with Strategic Investment in Mynd Solutions

Jindal Stainless Limited (JSL) has approved the acquisition of a 5.03% stake in Mynd Solutions Private Limited for ₹102.70 crore. This investment, combined with existing holdings through its subsidiary, will bring the Jindal Stainless group's total stake in Mynd Solutions to 9.62%. Mynd Solutions operates M1xchange, a Trade Receivables electronic Discounting System (TReDS) platform. The strategic move aims to enhance supply chain financing for JSL's vendors, digitalize financing operations, and improve overall supply chain efficiency. The acquisition is expected to be completed in Q1 FY2026.

24Mar 25

Jindal Stainless Faces Headwinds: Q4 Outlook Weak, FY26 Guidance Conservative

Jindal Stainless Ltd. expects Q4 FY25 EBITDA per tonne to be around Rs 16,000.00, indicating a decline. For FY26, the company projects 9-10% growth with EBITDA per tonne of Rs 19,000.00-21,000.00. Export recovery is not anticipated until H2 FY26, and downstream expansion plans are delayed by 8-9 months due to demand uncertainty. Nuvama Research has reduced EBITDA estimates for FY25-27 by 5-13% in response to the outlook.

21Mar 25

Jindal Stainless Announces Departure of Executive Director and Group CFO Anurag Mantri

Anurag Mantri, Executive Director and Group CFO of Jindal Stainless Limited (JSL), has resigned effective April 4, 2025, to pursue new professional opportunities. During his 8-year tenure, Mantri contributed significantly to JSL's growth strategy, investor relations, M&As, corporate governance, and digital transformation. JSL has acknowledged the resignation in a regulatory filing and will make necessary disclosures as per SEBI regulations. No successor has been announced yet.

11Mar 25

Jindal Stainless Ltd Commits Rs 700 Crore to Green Initiatives, Targets Net-Zero by 2050

Jindal Stainless Ltd (JSL) announces a Rs 700 crore investment in decarbonisation projects over the next five years. The company aims to achieve net-zero emissions by 2050, with an interim target of reducing greenhouse gas emissions and carbon intensity by 50% by FY35. JSL has also launched a task force on nature-related financial disclosure (TNFD) report, demonstrating its commitment to environmental transparency and sustainable practices in the steel industry.

07Mar 25

Jindal Stainless Completes 26% Stake Divestment in Jindal Coke, Netting ₹1.95 Billion

Jindal Stainless Limited (JSL) has completed the divestment of its 26% stake in Jindal Coke Limited (JCL) in two phases. The first phase involved selling 4.87% to JSL Overseas Limited for ₹36.49 crore. The remaining 21.13% was tendered in a buyback offer by JCL, yielding ₹158.40 crore. The total consideration from this divestment amounts to ₹194.89 crore. Prior to the divestment, JCL contributed 4.10% to JSL's consolidated turnover and 4.76% to its net worth for the fiscal year ending March 31, 2024. This strategic move may allow JSL to focus on its core stainless steel business and potentially improve its financial position.

06Mar 25

Jindal Stainless Completes ₹195 Crore Divestment of Jindal Coke Stake

Jindal Stainless Limited (JSL) has completed the divestment of its 26% stake in Jindal Coke Limited (JCL) for approximately ₹195 crore. The transaction occurred in two phases: a 4.87% stake sale to JSL Overseas Limited for ₹36.49 crore, and the remaining 21.13% tendered in a buyback offer for ₹158.40 crore. This strategic move aligns with JSL's portfolio optimization efforts. As of March 31, 2024, JCL represented 4.10% of JSL's consolidated turnover and 4.76% of its consolidated net worth. The divestment was finalized on March 6, 2025, with JCL no longer an associate of JSL.

28Feb 25

Jindal Stainless Expands Portfolio with Strategic Acquisitions of AGH Dreams and Utkrisht Dream Ventures

Jindal Stainless Limited (JSL) has acquired two newly incorporated companies, AGH Dreams Private Limited (ADPL) and Utkrisht Dream Ventures Private Limited (UDVPL), for INR 1 lakh each. Both companies will become wholly-owned subsidiaries of JSL, with the primary objective of developing industrial projects. The acquisitions, approved on February 27, 2025, involve 10,000 equity shares each with a face value of INR 10 per share. JSL plans to use these entities to explore new expansion projects, aligning with its growth strategy.

27Feb 25

Jindal Stainless Expands Portfolio with Strategic Acquisitions of AGH Dreams and Utkrisht Dream Ventures

Jindal Stainless Limited (JSL) has acquired 100% equity stake in AGH Dreams Private Limited (ADPL) and Utkrisht Dream Ventures Private Limited (UDVPL) for INR 1 lakh each. The newly incorporated companies will be used to explore new expansion projects in industrial development. The acquisitions were approved by JSL's board sub-committee on February 27, 2025, with no additional regulatory approvals required.

Jindal Stainless

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