Jindal Stainless
JSL · Metals & Mining > Steel & Iron Products · Chairman: Ratan Jindal · MD: Abhyuday Jindal · Listing date: Nov. 17, 2003 · Employees: 1685 · New Delhi · http://www.jslstainless.com

Jindal Stainless (JSL) is India’s foremost and largest Swadeshi stainless steel manufacturer, seamlessly operating across the value chain - from securing raw materials to delivering high-value finished products. The company serves core sectors like railways, automotive, infrastructure, consumer durables, and oil & gas through manufacturing and processing facilities located in India (Hisar and Jajpur) and abroad, including a global presence across various countries. Over the years, JSL’s integrated operations have enhanced its cost competitiveness and operational efficiency.

The company’s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks. Jindal Stainless relies on its integrated operations to enhance its cost competitiveness and operational efficiency. Founded in 1970, Jindal Stainless continues to be inspired by a vision for innovation and enriching lives and is committed to social responsibility.

Business area of the company

The company is engaged in the business of manufacturing of stainless-steel flat products in Austenitic, Ferritic, Martensitic and Duplex grades. The product range includes Ferro Alloys, Stainless Steel Slabs and Blooms, Hot Rolled Coils, Plates and Sheets, Cold Rolled Coils and Sheets, specialty products such as Razor Blade Steel, Precision Strips and Long Products.

Products of the company

  • Slabs
  • Blooms
  • Hot Rolled (HR) Coils
  • Cold Rolled (CR) Coils
  • Plates
  • Specialty Products
  • Long Products

Awards and Accolades

2013-14:

  • Hisar Unit of JSL has been conferred with First Prize in the National Energy Conservation Award - 2013 for its efforts to continuously optimize the consumption of energy for its operation in the Steel Re-rolling Sector. 
  • Hisar Unit of JSL has received 1st Prize in Secondary Steel Plants/Alloy Steel Plants Category in ‘IIM National Sustainability Award’.

2014-15:

  • JSL Jajpur Unit has been received 13th Annual Greentech Safety GOLD Award in Metal & Mining Sector from Greentech Foundation, New Delhi.
  • Received Best Safety & Sustainability Awards from ISSF (International Stainless Steel Forum), Brussels (Belgium).

2015-16:

  • JSL Jajpur has received 16th Annual Greentech Safety GOLD Award-2015 in Metal & Mining Sector from Greentech Foundation, New Delhi. 
  • Received Best Safety & Sustainability Awards from ISSF (International Stainless Steel Forum), Brussels (Belgium).

2016-17:

  • 17th Annual Greentech Environment GOLD Award in Metal & Mining Sector for outstanding achievement in Environmental Management.
  • Fame Excellence Award- 2016 in Health & Safety for Workers category Constituted by Foundation for Accelerated Mass Empowerment, New Delhi.
  • 15th Annual Greentech Safety GOLD Award - 2016 in Metal & Mining Sector, Constituted by Greentech Foundation, New Delhi.
  • Odisha State Safety Conclave Award - 2015 for Best Practices in Safety in Iron & Steel Sector.

2017-18:

  • Awarded the ‘Supplier Excellence Award’ from the Whirlpool - the global leader in Home Appliances.
  • Thyssenkrupp Material Poland, one of the leading distributors of metals and plastics in Poland, awarded JSL for completing ten years of close business collaboration.
  • At the Suzler 2018 Global Supplier Days Event, Singapore, JSL was awarded the ‘Supplier excellence’ award.
  • JSL received the runner-up award in the category of Best Risk Management Practices by Export Credit and Guarantee Corporation of India (ECGC).
  • JSL received Golden Peacock National Training Award for significant achievement in the field of excellence in Training.
  • JSL bagged ‘Best Performance Award’ for Mega Scale Industry during UCCI Expo 2017.

2018-19:

  • The prestigious 17th Annual Greentech Safety Platinum Award-2018 in Metal & Mining Sector for outstanding achievement in Safety Management.
  • Received Apex India Environment Excellence Award 2018 under Gold category in Metal & Mining Sector for outstanding achievement in Environmental Management, organized by Apex India Foundation, New Delhi.
  • EKDKN Exceed Award 2018 under Environment Preservation Category in Steel Sector, organized by ‘Ek Kaam Desh Ke Naam’, New Delhi.
  • The ‘Exceed Award-2018’ in Platinum category for Training Excellence in HR in steel sector.
  • Prestigious ‘18th Annual Green-tech Environment Gold Award-2018’ in Metal & Mining Sector.
  • Bagged two Gold (highest category) awards in International Convention on Quality Control Circles (ICQCC) 2018 at Singapore.

2019-20:

  • GOLD Award under Apex India Safe Workplace Award 2019 in Metal Mining Sector.
  • Fame Environment Excellence Award 2019 (Platinum Award) from FAME Ism (Foundation for Accelerated Mass Empowerment) in Metal & Mining Sector.
  • 19th Annual Greentech Environment Award - 2019 (Gold Award) in Metal & Mining Sector.
  • Gold Award in Chapter Convention on Quality Concepts.
  • Par Excellence Award in National Convention on Quality Concepts (NCQC).
  • First Position in 32nd State Level CII QC Competition.
2020-21:
  • JSL has won best E-poster competition under “Best Practices in Energy Efficiency” category organized by CII in December 2020.
  • JSL has won 25 Gold awards in Chapter Convention on Quality Concepts(CCQC) organized by QCFI, Bhubaneswar Chapter held from August 26 to September 30, 2020.
  • JSL has won 3rd prize winner in 33rd CII QC competition at Bhubaneswar held in December 2020.
2021-22:
  • JSL won the 2nd runner up award in the 34th Confederation of Indian Industry Odisha state level- Quality Circle competition 2021.
  • JSL declared the winner of the Jury appreciation award in the CII eastern region Quality Circle competition 2021.
  • The Company won the 2nd runner up award in 5th edition of national energy efficiency circle competition under the category of best Energy Efficient Organization.
  • JSL won 26 gold awards in Chapter Convention on Quality Concepts (CCQC) 2021 organized by QCFI Bhubaneswar Chapter.
  • The Company won 18 Par excellence awards and 2 Excellence awards in National level QC competition (NCQC) 2021.
  • JSL won Gold Category award in NAMC(National award for manufacturing competitiveness) organized by International Research Institute for Manufacturing featuring JSL on national television network CNBC TV 18.
2022-23:
  • Emerging Steel Company of the Year Award at India Steel Conference 2022.
  • International Safety Award 2023 with Distinction by the British Safety Council.
  • 34 gold awards and 6 silver awards at the 33rd Chapter Convention on Quality Concepts 2022.
  • Winner in Best–in-class Manufacturing Facility 2022 organised by UBS Forum.
  • P&G’s Grooming Excellence Award 2022.
2023-24: 
  • ‘International Safety Award’ by the British Safety Council for the fifth consecutive year, recognising it as one of the most prestigious awards globally in the field of safety.
  • ‘National Sustainability Award 2023’ by the Indian Institute of Metals.
  • ‘Gold Award’ in the Steel Sector by the Sustainable Development Foundation for outstanding performance in occupational health and safety.
  • ‘National Award for Excellence in Energy Management 2023’ by CII.
2024-25:
  • Jindal Stainless won two awards at the India Corporate Governance & Sustainability Vision Summit & Awards 2025, hosted by ICC, achieving 1st rank in the ‘Corporate Governance’ category and 2nd rank in the ‘Sustainability Performance’ category, reaffirming its commitment to ethical leadership and sustainable growth.
  • Jindal Stainless was named a 'Most Honoured Company' in the 2025 Asia (ex-Japan/ANZ) Executive Team rankings by sell-side and buy-side professionals conducted by Extel (formerly Institutional Investor Research). The organisation received top spots for Best CEO (MD), Best IR Professional, Best IR Team and IR Programme, Best ESG Programme, and Best Company Board in the Basic Materials sector category.

Milestones

  • 1970: A mini steel plant, which produces hot rolled carbon steel coils, plates, slabs and blooms, is established as Jindal Strips Limited at Hisar. This marks the birth of not just Jindal Stainless, but the entire OP Jindal Group of Companies.
  • 1978: Under the guidance of OP Jindal, PR Jindal introduces Argon-Oxygen Decarburization (AOD), a major breakthrough in stainless steel technology. India witnesses its first indigenously manufactured stainless steel.
  • 1980: The Company’s stainless steel products gain popularity with quality standards par with imported stainless steel. Company installs and expands its downstream facilities.
  • 1983: The Company establishes a cold rolling unit in Village-Vasind, Dist. - Thane, Maharashtra, which is now part of JSW Steel Limited.
  • 1986: The Company comes out with its Initial Public Offer (IPO) of 12,00,000 equity shares and 4,80,000 Non-Convertible Debentures.
  • 1986: The Company purchases a steel manufacturing unit from Piramal Steels Limited, which later becomes a part of JSW Steel Limited.
  • 1988: Country faces a severe shortage in Nickel, owing to dried up forex reserves. Company overcomes this challenge by commercially introducing the low-Nickel 200 series for the first time in the world. The trend is then adopted by China, and the world follows suit. Grades J1/J2/J3/J4, popularized by the Company, are in vogue even today.
  • 1991: The Company takes a big and bold stride in manufacturing excellence. Becomes an exclusive producer of stainless steel strips for making razor and surgical blades in India. Four years later, Company adds stainless steel precision strips to its product portfolio.
  • 1991: Company establishes a Sponge Iron plant at Raigarh in Madhya Pradesh, which is now a part of Jindal Steel & Power Limited.
  • 1996: The Hisar plant undergoes a major expansion drive to produce sophisticated, high-end stainless steel. Company’s stainless steel melting capacity expands by 3,50,000 tonnes in this year.
  • 1996: Jindal Ferro Alloys Ltd, set up in 1987, is amalgamated with the Company in this year. The Ferro Alloys Division in Vishakhapatnam is thus formed.
  • 2000: Company initiates the production of Coin Blanks in Hisar.
  • 2000: Jindal Stainless opens a 40,000 tonnes cold rolling facility, Massilon Stainless, in Ohio, USA to manufacture thin grades of stainless steel for the USA market. The unit is closed down after economic slowdown in USA following September 2001 terrorist attack.
  • 2001: The pioneering leadership of Deepika Jindal lends a paradigm shift to stainless steel. She launches Arttd’inox, a premium brand of homeware and tableware which fuses the utility of stainless steel with the beauty of art.
  • 2002: Jindal Strips is restructured and the manufacturing operations are spun off to be called Jindal Stainless. Arttdinox launches designer stainless steel lifestyle products in the retail market. Jindal Chromite Mines are acquired in Kaliapani village, Odisha.
  • 2003: Ratan Jindal sets the ball rolling for setting up of a 3.2 million tonnes integrated stainless steel project at Kalinga Nagar Industrial Complex in Jajpur District of Odisha. The facilities are installed in two phases over next several years.
  • 2004: Jindal Stainless establishes its foothold in the South East Asian & Oceania markets with the acquisition of a stainless steel Cold Rolling Plant in Indonesia.
  • 2005: Jindal Stainless Foundation, the CSR arm of Jindal Stainless, is established. Company enters a Joint Venture with Steelway and opens 4 service centres. Two years later the Company forms an international JV and establishes Iberjindal S.L, a service centre in Spain. Steelway is later acquired as a fully owned subsidiary.
  • 2011: The Hisar unit gets expanded to a capacity of 0.8 million tonnes, and production begins at Jajpur unit with capacity equivalent to Hisar’s.
  • 2014: Jindal Stainless is selected to provide stainless steel to the world renowned International Thermonuclear Experimental Reactor’s cryostat megaproject in France.
  • 2017: Jindal Stainless becomes India’s first metal manufacturing firm to migrate to HANA enterprise cloud platform. Company forays into defence sector by signing an agreement with DRDO to manufacture High Nitrogen Steel (HNS) and becomes India’s first company to commercially manufacture HNS.
  • 2020: Jajpur unit expands operations to produce 1.1 million tonnes. With Hisar’s 0.8 million tonnes capacity, total capacity reaches 1.9 million tonnes annually, eventually scalable to 4 million tonnes.
  • 2020: Today, Jindal Stainless is world’s largest producer of razor blade grade of stainless steel, and among the largest producer of coin blanks in the world.
  • 2023: The company achieved new heights with the acquisition of Rathi Super Steel and Jindal United Steel Limited. The Collaboration Agreement with New Yaking Pte Ltd made JSL the first Indian company to invest in Nickel Pig Iron abroad (Indonesia), while the merger process of JSL and JSHL also achieved fruition.
  • 2024: Jindal Stainless entered into a joint venture to develop and operate a stainless steel melt shop (SMS) in Indonesia with an annual production capacity of 1.2 MTPA, which will increase the company’s melting capacity by over 40%.
  • 2025: Jindal Stainless and M1xchange partner to strengthen supply chain ecosystem.
  • 2025: Jindal Stainless Launches Industry-First Supply Chain Digitalisation Project.
  • 2025: Jindal Stainless supplies stainless steel for Bangalore’s Metro expansion.
  • 2025: Jindal Stainless unveils its first Stainless Steel fabrication unit in Mumbai.
  • 2026: Jindal Stainless partners with IIM Bangalore for strengthening its executive leadership pipeline.