JSL
Jindal Stainless Limited
NSELast Traded Price
₹711.6
-8.95 (-1.24%)
Open
₹720.55
High
₹729
Low
₹707
Prev Close
₹720.55
Industry
Iron & Steel
Market Cap
58867.68 Cr
Filing History
Recent corporate announcements and filings for JSL
Business Update
Positive
2026-10-10 11:03
- Jindal Stainless' Jajpur unit has won the CII National Award for Excellence in Water Management 2026 in the 'Within the Fence' category.
- The award recognizes the unit's 100% internal water recycling system, resource efficiency, and sustainable manufacturing practices.
- The Jajpur facility is the company's flagship manufacturing hub and one of the world's largest stainless steel production facilities.
Business Update
Positive
2026-10-10 11:03
- Jindal Stainless' Hisar unit received three recognitions for sustainability and energy transition in October 2026.
- Awards include the Economic Times Energy Transition Awards 2026, BW Sustainable World Awards 2026, and the 4th Prithvi Awards 2026.
- The unit abated 364,295 tonnes of CO2 emissions in FY25-26 and achieved a 42% reduction in Scope 1 and Scope 2 emissions compared to FY22-23 levels.
- Renewable energy accounted for 58% of the plant's total power consumption during the year.
Business Update
Positive
2026-10-05 11:46
- Jindal Stainless and Indian Oil Corporation Limited (IOCL) have renewed their Lubricants Vendor Managed Inventory (VMI) partnership for five years.
- The formal agreement signing ceremony took place at Jindal Stainless' Hisar unit.
- The partnership covers the supply of lubricants as well as broader energy requirements including LDO, HSD, LSHS, and Propane.
Business Update
Positive
2026-09-30 16:43
- Jindal Stainless supplied over 160 tonnes of stainless steel to reinforce the six-decade-old Sadhana Bhawan at Shri Kripalu Dham in Mangarh, Uttar Pradesh.
- The project utilized Grade 304L stainless steel plates, load-bearing columns, beams, and cross girders supplied through subsidiary Jindal Stainless Steelway Limited (JSSL).
- The structural reinforcement strengthens the meditation hall internally while preserving its original architectural character and heritage.
Financials
Positive
2026-09-28 15:16
- Jindal Stainless Limited has informed about the full redemption of 990 listed, rated, secured, redeemable Non-Convertible Debentures (NCDs).
- Redemption date: September 28, 2026.
- Face value and redemption price: Rs. 10,00,000/- each, aggregating to the full redemption of the issue under ISIN INE220G07127.
Routine
Positive
2026-09-28 15:16
- Jindal Stainless Limited made timely payment of interest (INR 8,53,38,000) and full redemption amount (INR 99,00,00,000) for its 990 Listed, Rated, Secured, Redeemable, Non-Convertible Debentures (NCDs) on maturity date September 28, 2026.
- No defaults or delays in servicing debt securities were reported.
Routine
Neutral
2026-09-28 15:16
- Jindal Stainless Limited has successfully made full interest and redemption payments for its 990 Listed, Rated, Secured, Redeemable, Non-Convertible Debentures (NCDs).
- Interest Amount Paid: INR 8,53,38,000 on due date September 28, 2026.
- Principal Redemption Amount: INR 99,00,00,000 paid on maturity (September 28, 2026).
Routine
Neutral
2026-09-24 17:40
- Trading window for dealing in securities of Jindal Stainless Limited closed effective October 1, 2026.
- Window remains closed until two trading days after declaring Q2/H1 FY27 financial results.
Business Update
Positive
2026-09-24 12:09
- Jindal Stainless won Gold at the Brandon Hall HCM Awards 2026 for its iStep Up and Step Up 1 talent development and career transition programmes.
- The programmes are designed to support employee career progression and build the organisation's future leadership pipeline.
- The initiative includes iStep Up, Step Up 1, and Step Up 2, covering various employee grades with experiential learning and simulations.
Business Update
Positive
2026-09-23 11:57
- Jindal Stainless partnered with Nasscom's FutureSkills Prime to strengthen digital capabilities across its workforce, effective September 23, 2026.
- The partnership provides employees access to industry-aligned courses and Nasscom-validated certifications in emerging technologies like AI, Big Data, Cloud Computing, and Cybersecurity.
Business Update
Positive
2026-09-22 13:04
- Jindal Stainless received dual recognition at the CII National Award for Excellence in Energy Management 2026 for its Jajpur and Hisar units.
- The units were honoured for excellence in energy efficiency, process innovation, and sustainable operations.
- Jajpur unit received the 'Excellent Energy Efficient Organization' Award, and Hisar unit received the 'Excellent Energy-Efficient Unit' Award.
Business Update
Positive
2026-09-18 16:59
- Jindal Stainless received Awarding Body recognition from the National Council for Vocational Education and Training (NCVET) on September 18, 2026.
- This enables them to offer Government-recognised, industry-led qualifications and certification programs, strengthening their role in developing a skilled talent pipeline for the stainless steel ecosystem.
Business Update
Positive
2026-09-17 17:30
- Jindal Stainless Limited received 'Crisil ESG 63' and 'Crisil Core ESG 65' ratings from Crisil ESG Ratings & Analytics Limited.
- Crisil independently prepared these ratings based on public domain information, without company engagement.
Business Update
Neutral
2026-09-14 17:27
- Investor Meet Schedule
- Conference: 2026 Jefferies India Forum
- Date: September 17, 2026
- Place: Gurgaon
Business Update
Positive
2026-09-09 12:01
- Jindal Stainless successfully deployed SAP Ariba Supplier Risk with ESG capabilities on September 9, 2026.
- This integrates ESG risk intelligence into supplier management to strengthen supply chain resilience.
- It enables continuous monitoring, risk scoring, and structured visibility across the supplier lifecycle, transitioning from manual to digital assessments.
Business Update
Positive
2026-09-07 11:13
- Jindal Stainless signed a Technical Assistance Agreement with JFE Steel Corporation, Japan, on September 7, 2026. - The agreement focuses on enhancing product quality, manufacturing practices, and process efficiency for ferritic stainless steel grades.
Business Update
Positive
2026-09-01 19:44
- Intimation of Corporate Presentation for August 2026, uploaded to exchanges and company website.
- Jindal Stainless is highlighted as India's #1 and global #5 (ex-China) stainless steel producer.
- TTM Revenue (June 30, 2026) reported at ~₹440bn and EBITDA at ~₹56bn.
- Total stainless steel capacity is 4.2 MTPA, with low debt ratios (0.1x Net Debt to Equity, 0.5x Net Debt to EBITDA).
Business Update
Neutral
2026-08-31 19:21
- Concall Schedule
- Concall Date: Thursday, September 03, 2026
- Concall Name: ASHWAMEDH - ELARA INDIA DIALOGUE 2026
- Place: Mumbai
Routine
Neutral
2026-08-28 14:31
- Jindal Stainless Limited has set September 03, 2026, as the record date for the full redemption of 990 Non-Convertible Debentures (ISIN: INE220G07127) and annual interest payment at 8.62% p.a.
- The due date for redemption and interest payment is September 28, 2026.
Business Update
Positive
2026-08-25 19:09
- Care Ratings upgraded Jindal Stainless Limited's Long-Term borrowings and Non-Convertible Debentures from 'CARE AA, Stable' to 'CARE AA+, Stable'.
- Short-Term borrowings rating 'CARE A1+' was reaffirmed.
Business Update
Positive
2026-08-19 15:58
- Jindal Stainless won multiple honours at People Matters Infini-T Awards 2026.
- Received Gold Award in HR Operations and Silver Award in Digital Adoption & Change Leadership.
- Recognized for driving digital transformation across HR operations and enhancing employee experience.
Business Update
Neutral
2026-08-13 19:08
- Investor Meet Schedule
- Event: Motilal Oswal 22nd Annual Global Investor Conference
- Date: August 18, 2026
- Place: Mumbai
Business Update
Positive
2026-08-10 18:10
- Consolidated net debt reduced to ₹2,950 Cr, with net debt-to-EBITDA at 0.53x and net debt-to-equity at 0.14x.
- All announced capex plans are on track, with downstream expansion projects progressing well. HRAP plant is expected to be ready around Q3 FY27.
- Reaffirmed H1 FY27 sales volume growth guidance (8-10%) and EBITDA per ton guidance (₹18,000-₹20,000).
- Committed to a long-term sales volume target of 3.5 million tons per annum by FY29 and cold rolled capacities of 2.67 million tons by FY28.
- Production has returned to pre-war levels, and power & fuel costs are down 40-50% from Q1 peak.
- Expanding green hydrogen capacity: Jajpur 600 Nm cube to be commissioned in August, with further expansion to 1,200 Nm cube next year; Hisar to add 200 Nm cube in next 2 quarters.
- Positive outlook on anti-dumping duty and QCO, with a public hearing scheduled for September 9.
- PTGMI (Indonesia) moving from subsidiary to associate does not impact business plan or slab availability guidance.
Governance
Neutral
2026-08-10 17:49
- 46th Annual General Meeting (AGM) on September 02, 2026, at 12:00 Noon (IST) via Video Conference.
- Integrated Annual Report for FY 2025-26 and AGM Notice are circulated with web-links.
- Shareholders are requested to update KYC details.
Business Update
Positive
2026-08-08 23:43
- Jindal Stainless Limited submitted its Business Responsibility & Sustainability Report (BRSR) for the financial year 2025-26, in compliance with Regulation 34(2)(f) of SEBI Listing Regulations.
- The report outlines the company's sustainability initiatives, CSR activities, stakeholder grievance redressal mechanisms, and material ESG risks related to energy/emissions and water/wastewater management, including mitigation strategies.
Financials
Positive
2026-08-08 16:16
- Jindal Stainless Limited has fixed August 21, 2026, as the Record Date for determining eligibility for payment of the final dividend of ₹3/- per equity share for the financial year 2025-26.
Business Update
Neutral
2026-08-06 20:48
- Schedule of Investors' Meets announced by Jindal Stainless Limited.
- Events include: JSL Non-Deal Road Show (August 11, 2026, Hongkong), Nuvama India Conference 2026 (August 12, 2026, Singapore), and Avendus Spark INDX - Asia Edition 2026 (August 13, 2026, Singapore).
- Management will participate in these meetings.
Business Update
Neutral
2026-08-06 20:48
- Schedule of Investors' Meet
- JSL Non-Deal Road Show: Tuesday, August 11, 2026, in Hongkong
- Nuvama India Conference 2026: Wednesday, August 12, 2026, in Singapore
- Avendus Spark INDX - Asia Edition 2026: Thursday, August 13, 2026, in Singapore
Business Update
Neutral
2026-08-06 20:48
- Jindal Stainless management to participate in investor meets.
- JSL Non-Deal Road Show on August 11, 2026, in Hongkong.
- Nuvama India Conference 2026 on August 12, 2026, in Singapore.
- Avendus Spark INDX - Asia Edition 2026 on August 13, 2026, in Singapore.
Business Update
Neutral
2026-08-05 19:59
- Investor Meet Schedule
- Concall Date: August 10, 2026
- Details: Management to meet with Sumitomo Mitsui Asset Management, Invesco Asia Pacific, and Allianz Global Investors in physical mode.
Business Update
Neutral
2026-08-04 20:52
- Audio recording of the Earnings Call held on August 04, 2026, for Q1FY27 financial results has been made available.
- The link to the recording is provided for investors and analysts.
Financials
Positive
2026-08-03 17:58
- Consolidated Revenue ₹11,279Cr vs ₹10,207Cr (▲10% YoY)
- EBITDA ₹1,329Cr vs ₹1,310Cr (▲1% YoY)
- PAT ₹769Cr vs ₹715Cr (▲8% YoY)
- EBITDA Margin 11.78% vs 12.83% (▼105bps)
Routine
Neutral
2026-08-03 15:51
- Intimation of Security Cover Certificate for Non-Convertible Debentures for the quarter ended 30th June, 2026, as per SEBI Regulation 54.
- The company has duly complied with financial covenants related to outstanding NCDs of ₹99.00 Cr.
Financials
Positive
2026-08-03 15:35
- Consolidated Revenue ₹11,279Cr vs ₹10,207Cr (▲10.5% YoY)
- EBITDA ₹1,329Cr vs ₹1,310Cr (▲1.5% YoY)
- PAT ₹769Cr vs ₹715Cr (▲7.6% YoY)
- EBITDA Margin 11.78% vs 12.83% (▼105bps)
Financials
Positive
2026-08-03 15:22
- Consolidated Revenue ₹11,278.54 Cr vs ₹10,207.14 Cr (▲10.50% YoY)
- EBITDA ₹1,363.75 Cr vs ₹1,296.14 Cr (▲5.21% YoY)
- PAT ₹768.66 Cr vs ₹714.66 Cr (▲7.55% YoY)
- EBITDA Margin 11.78% vs 12.83% (▼105bps)
Business Update
Positive
2026-07-31 13:48
- Jindal Stainless' Jajpur unit won three prestigious awards at the Total Quality Management (TQM) Convention 2026, organized by the Quality Circle Forum of India (QCFI), Pune Chapter.
- The awards highlight the unit's commitment to quality excellence, innovation, and operational efficiency.
- Gold Awards were received for 'Optimisation of Manganese Recovery in 200 Series' and 'Reduction of RIS Defect in 300 Series'.
- A Silver Award was received for 'Reduction of Trapezoidity in Grades 304 & EN 1.4307'.
Business Update
Positive
2026-07-31 13:48
- Jindal Stainless' Hisar unit received the Times Internet Ecopreneur Award 2026 for Lifetime Achievement in Sustainability.
- The award recognizes the company's sustained commitment to decarbonisation, resource efficiency, and responsible manufacturing.
- In Q1 FY27, the Hisar facility increased its renewable electricity share to 67% (up from 58% YoY) and achieved a 12% reduction in greenhouse gas emission intensity.
- The unit was also certified 'Zero Waste to Landfill' with a Platinum+ rating for FY 2024-25.
Business Update
Neutral
2026-07-28 19:58
- Concall Schedule
- Concall Date: 4th August 2026
- Concall Time: 4:00 PM IST
- Hosted by Anand Rathi Research for Q1FY27 earnings.
Business Update
Positive
2026-07-24 11:50
- Jindal Stainless won six awards at the 12th National Awards for Manufacturing Competitiveness.
- The Hisar unit received Gold, Diamond Medals and was 2nd Runner-Up in overall rankings.
- The Mundra unit secured a Silver Medal.
- These awards recognize the company's commitment to manufacturing excellence, digitalization, and innovation.
Business Update
Positive
2026-07-17 13:04
- Jindal Stainless supplied about 40% of the total stainless steel requirement for India's first hydrogen-powered train's coach bodies.
- The company supplied premium austenitic stainless steel grade X5CrNi1810 for this project, supporting cleaner and smarter mobility.
Business Update
Positive
2026-07-09 18:13
- Jindal Stainless' Hisar and Jajpur units won multiple CII National Awards for energy efficiency and low-carbon initiatives.
- The company implemented over 200 energy efficiency projects over the last four years.
- Achieved a cumulative emissions reduction of over 1.05 million tCO₂e across its units.
Governance
Positive
2026-06-25 15:45
- Jindal Stainless appointed Mr. Kunjal Mehta as Chief Financial Officer (CFO) effective June 25, 2026.
- Mr. Mehta, with over 25 years of experience, previously served as CFO at Adani Energy Solutions Limited.
- He will lead the company's financial strategy, growth, and value creation.
Routine
Neutral
2026-06-25 14:44
New Filing detected. See link for details.
Governance
Neutral
2026-06-25 14:18
- On June 25, 2026, the Board appointed Mr. Kunjal Mehta as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective immediately.
- Mr. Tarun Kumar Khulbe relinquished his additional CFO responsibility but continues as CEO & Whole-time Director.
- PT Glory Metal Indonesia has been re-classified from a subsidiary to an associate of the Company effective July 1, 2026, due to restoration of its original governance framework.
Governance
Neutral
2026-06-25 14:18
- Board of Directors appointed Mr. Kunjal Mehta as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective June 25, 2026.
- Mr. Tarun Kumar Khulbe relinquished his additional responsibility as CFO but continues as CEO & Whole-time Director.
- PT Glory Metal Indonesia was re-classified from a subsidiary to an associate, effective July 1, 2026, restoring its original governance framework without altering economic rights or strategic objectives.
Governance
Neutral
2026-06-25 14:14
- Board approved appointment of Mr. Kunjal Mehta as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective June 25, 2026.
- Mr. Tarun Kumar Khulbe relinquished his additional CFO responsibility, continuing in his position as CEO & Whole-time Director.
- PT Glory Metal Indonesia was re-classified from a subsidiary to an associate of the Company with effect from July 1, 2026, with the company stating no alteration to its shareholding interest, economic rights, commercial arrangements, or strategic objectives.
Governance
Neutral
2026-06-25 14:14
- Board appointed Mr. Kunjal Mehta as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective June 25, 2026.
- Mr. Tarun Kumar Khulbe relinquished CFO responsibility, continuing as CEO & Whole-time Director.
- PT Glory Metal Indonesia re-classified from a subsidiary to an associate effective July 1, 2026, reinstating original JV governance framework.
Governance
Neutral
2026-06-25 14:14
- Mr. Kunjal Mehta appointed as Chief Financial Officer (CFO) and KMP effective June 25, 2026.
- Mr. Tarun Kumar Khulbe, CEO & Whole-time Director, relinquished additional CFO responsibility, continuing as CEO & Whole-time Director.
- PT Glory Metal Indonesia re-classified as an associate from July 1, 2026, restoring its original governance framework without altering shareholding or strategic objectives.
Ownership
Positive
2026-06-23 17:36
- On June 23, 2026, Jindal Stainless Limited approved the grant of 39,608 stock options (19,804 ESOPs and 19,804 RSUs) under its Employee Stock Option Scheme, 2023.
- ESOPs are priced at ₹349/- (50% discount to June 19, 2026 market price), and RSUs at face value of ₹2/-.
- Options are exercisable over four years post vesting.
Routine
Neutral
2026-06-23 17:16
- Jindal Stainless Limited announced the closure of its Trading Window.
- Effective from July 1, 2026, in accordance with SEBI PIT Regulations.
- The window will remain closed until the second trading day after the declaration of financial results for the quarter ended June 30, 2026.
Business Update
Neutral
2026-06-16 17:50
- Investors' Meet Scheduled
- Investor: 360 One
- Date: June 19, 2026
- Mode: Virtual
Business Update
Neutral
2026-06-08 19:03
- Investors' Meet Schedule
- Event: 2026 Jefferies India Access Days
- Date: Thursday, June 11, 2026
- Location: London
Business Update
Neutral
2026-06-03 15:34
- Concall Schedule
- Event: The India Investor Conference 2026 hosted by ICICI Securities
- Concall Date: Monday, June 08, 2026
- Place: Mumbai
Governance
Positive
2026-06-01 17:14
Jindal Stainless Limited announced the appointment of Mr. Kunjal Mehta as Senior Management Personnel, effective June 1, 2026. Mr. Mehta, a qualified CA and Cost Accountant with over 25 years of experience, including as CFO of Adani Energy Solutions Limited, will have his candidature for Chief Financial Officer considered by relevant committees.
Business Update
Neutral
2026-05-25 17:54
Jindal Stainless Limited announced its management will participate in the 360 ONE Capital (B&K) Annual Investor Conference - TRINITY INDIA 2026 on Friday, May 29, 2026, in Mumbai.
Business Update
Positive
2026-05-15 16:28
Jindal Stainless Limited submitted a Corporate Presentation dated May 2026, highlighting its operational and financial performance. As of March 31, 2026, the company reported ~₹430bn in net revenue and ~₹56bn in EBITDA, with healthy net debt to equity/EBITDA ratios of 0.2x/0.5x. The presentation emphasizes its position as India's #1 and global #5 (ex-China) stainless steel producer with a 4.2 MTPA capacity, a diverse product portfolio, and robust manufacturing facilities across Odisha (2.2 MTPA) and Hisar (0.8 MTPA).
Business Update
Neutral
2026-05-13 17:41
Jindal Stainless Limited announced that its management will participate in the Motilal Oswal - Annual Singapore Corporate Day 2026 on May 18-19, 2026, in Singapore, for an investors' meet.
Business Update
Neutral
2026-05-13 17:41
Jindal Stainless Limited announced its management will participate in the Motilal Oswal - Annual Singapore Corporate Day 2026 on May 18-19, 2026, in Singapore, to meet with investors.
Business Update
Positive
2026-05-11 14:15
Jindal Stainless' Hisar plant achieved Zero Waste to Landfill (ZWTL) certification with a Platinum+ rating, verified by Bureau Veritas India Pvt. Ltd. The facility recorded a 99.99% waste diversion rate during FY 2024-25, reinforcing the company's commitment to environmental responsibility and sustainable manufacturing.
Business Update
Positive
2026-05-09 13:46
Jindal Stainless Limited (JSL) provided an outlook for FY27, guiding for 7-9% volume growth and an EBITDA per ton of INR18,000-20,000 for H1 FY27, with a review planned thereafter due to cost uncertainties. The company targets a sales volume of 3.5 million tons per annum by FY29, driven by strategic capacity expansions. Capex for FY27 is guided at INR2,600 crores. Key growth drivers include robust domestic demand from sectors like automotive, metro, and infrastructure, with stainless steel demand in passenger coaches and metro projects expected to jump 2-3x over the next 3-4 years. JSL commissioned a 1.2 MTPA melt shop in Indonesia ahead of schedule and plans further cold rolling capacity augmentation in India (INR900 crores investment). The company's consolidated net debt reduced to INR3,040 crores, improving its debt-to-EBITDA and debt-to-equity ratios. JSL is addressing challenges like geopolitical disruptions, increased fuel costs, and the temporary suspension of QCO by diversifying energy sources and expanding market reach into new export markets. A final dividend of INR3 per share was recommended for FY26.