STAINLESS STEEL—often called the metal for nation building—is being increasingly used for architecture, building and construction activities, automobiles, transportation, railways, and even space, all over the world. However, the export duty of 15 per cent on steel and stainless steel, which was recently rolled back by the government, dampened business operability, says Abhyuday Jindal, MD of Jindal Stainless Ltd (JSL). In an exclusive interaction with BT, the 33-year-old talks about JSL’s strategy that helped it climb 59 ranks in the BT500 2022 list to 370, the benefits of its upcoming merger with Jindal Stainless (Hisar) Ltd or JSHL, expansion plans and more. Edited excerpts:
Despite rising input costs and export duties, what was the strategy that worked for you?
The April-June quarter was quite challenging because there were two or…
