Wednesday, October 20, 2021


JSHL commissions 26,000-tonne precision strip mill in Hisar, Auto Information, ET Auto

“JSHL right now commissioned 26,000 TPA capability precision strip mill as a part of the primary section of its newest…

By Staff , in Palladium , at October 20, 2021


"JSHL today commissioned 26,000 TPA capacity precision strip mill as part of the first phase of its latest brownfield expansion plan," the company said in a statement.
“JSHL right now commissioned 26,000 TPA capability precision strip mill as a part of the primary section of its newest brownfield growth plan,” the corporate stated in a press release.

Jindal Stainless (Hisar) Restricted (JSHL) on Wednesday stated it has commissioned a precision strip mill having a capability of 26,000 tonnes each year at its plant in Hisar.

In July, JSL had introduced investing Rs 450 crore for growth of its Specialty Merchandise Division (SPD), of which Rs 250 crore was to be utilised in the direction of scaling up precision strip manufacturing capability.

“JSHL right now commissioned 26,000 TPA capability precision strip mill as a part of the primary section of its newest brownfield growth plan,” the corporate stated in a press release.

The commissioning of the mill has elevated the corporate’s complete precision strip manufacturing capability to 48,000 TPA from the present 22,000 TPA.

JSHL’s plan is to take this capability to 60,000 TPA to extend its presence in segments like auto, course of trade, and oil and petrochemicals, amongst others.

JSHL Managing Director Abhyuday Jindal stated the most recent capability addition to specialty merchandise division portfolio will strengthen its product combine within the value-added section and double the corporate’s share within the international manufacturing to eight per cent.

“The capability enhancement can be anticipated to spice up JSHL’s revenues by 8-10 per cent. Over the subsequent two years, the deliberate SPD growth can even allow us to foray into new export markets with an expanded vary of product choices,” he added.

Based on the assertion, the corporate can even increase its blade metal capability to 24,000 TPA from the present 14,000 TPA over a interval of two years with an estimated funding of Rs 200 crore.

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“We’re not anticipating any extra worth improve on this specific month or within the subsequent 15-20 days. We predict enter prices to come back down.”





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