JSL profit increases to Rs 5,682.37 crore in Dec quarter

09 Feb 2022 CW Team

On Monday Jindal Stainless Limited (JSL) said that their consolidated profit for the December quarter increased almost three times to Rs 441.78 crore.

In a filing to Bombay stock exchange (BSE), the steel company mentioned that in a period of one year, the company had recorded a profit of Rs 170.20 crore.

The company鈥檚 income in the third quarter increased from Rs 3,592.04 crore to Rs 5,682.37 crore in the year-ago period.

JSL has continued the registration of profitable growth via harnessing export markets as well as maintenance of total sales level on a yearly basis.

The statement further said that the company was agile and responsive to their customers鈥� needs with help of a sharp product mix that was accustomed to the demands.

JSL Managing Director, Abhyuday Jindal said that an intelligent product mix along with the agility to upgrade exports assisted JSL to maintain profitability irrespective of the stiff and unfair competition from Chinese and Indonesian imports.

He added that they are always looking for new application methods for stainless steel which keep them ahead of their competition and increase their share in domestic as well as export markets. A sharp focus on the financial prudence and solid operational fundamentals served them well, and they shall continue to strategise business in alignment with market dynamics," he added.

The board has given the approval to raise to Rs 3,500 crore via issuance of debt securities.

Also read: 2,000-tonne stainless steel by JSL for Kanpur Metro Project

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..