Jindal Stainless Limited
Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods etc.
What Jindal files
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- Investor Meet58
- Updates44
- Important37
- Insider Trade13
- Board Meeting11
The company will redeem 990 NCDs, totaling Rs. 99 Cr, and pay 8.62% annual interest. This move reflects significant debt maturity and capital outflow.
Jindal Stainless drove strong ESG performance with 5.2 lakh TCO2e reduction from decarbonization efforts. Key operational changes include Zero-Waste-to-Landfill certification and Zero Liquid Discharge. R&D investments for ESG initiatives hit 61.13%, boosting efficiency and generating over 33 Cr in annual savings.
Jindal Stainless appointed Kunjal Mehta as new CFO; Tarun Khulbe remains CEO & Whole-time Director. PT Glory Metal Indonesia is re-classified from a subsidiary to an associate. This is a governance framework adjustment, not a sale or disposal, and does not alter Jindal Stainless's shareholding or economic interest in PTGMI.
Jindal Stainless's Board appointed Kunjal Mehta as the new CFO. CEO Tarun Kumar Khulbe relinquished additional CFO duties. PT Glory Metal Indonesia will be re-classified as an associate, effective shortly, reverting to its original joint venture governance.
Jindal Stainless has updated its corporate bond details, including a restructured NCD ISIN (INE220G07127). The company confirms timely interest payments on NCDs for FY2025-26 and no defaults or delays in servicing any debt securities.