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Jindal Stainless Group aims 15-20pc jump in topline in FY19- The 20th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
9/3/2018 管材展-钢管展-steel tube expo-tube &pipe expo |
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Economic Times reported that Jindal Stainless Group -Jindal Stainless Ltd and Jindal Stainless (Hisar) Ltd is aiming at a 15-20 per cent jump in topline in the 2018-19 fiscal, betting big on higher value added product mix. Jindal Stainless Group Sales Head Vijay Sharma said that "Stainless steel demand in India is growing at 9-10 per cent, while our growth is expected to be at 12-13 per cent. But, due to higher value-added product mix, our revenue is likely to jump by 15-20 per cent.”
The Group's turnover during the last fiscal was around INR 20,000 crore from sales of 1.4 million tonnes of steel products. It is foraying into stainless long-products to deepen its portfolio over the next 18 months for an annual capacity of about 50,000 tonnes a year. Mr Sharma said that "Long products constitute about 20 per cent of total demand, so it is natural to expand. It is being implemented at Jindal Stainless (Hisar).”
Jindal Stainless is also installing additional two lakh tonnes per annum capacity, which would expand the Group's capacity of cold-rolled products, currently at 0.6 million tonnes. He said the Jindal Stainless Group sees the automotive sector and the railways, which are expected to see a sharp rise in demand, as growth drivers. Mr Sharma said that "Railways is expected to increase stainless steel coaches to 5,000 units a year by 2020 from 2,500 coaches procured in 2017-18. In the infrastructure sector, there is scope for good demand.”
管材展-钢管展-2019广州国际管材及管材加工设备展－中国展出效果最好的管材展-巨浪展览
- The 20th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
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