Latest news with #JSL
Business Standard
4 days ago
- Business
- Business Standard
Jindal seeks duties on steel imports to shield MSMEs, boost Make in India
Jindal Stainless Chairman Ratan Jindal on Wednesday urged the government to protect the industry and livelihood of people by imposing appropriate duties on surging imports from select countries. The industry leader made the remarks while addressing the Global Stainless Steel Summit (2025) in Mumbai. "Today, low-priced imports from China and Vietnam persist across numerous industries, including stainless steel. In this context, it is essential that we collectively take a stand to protect our industry, particularly MSMEs, and the livelihood of our people, by imposing appropriate duties on these countries. I request the government's continuous support in this regard," he said while addressing the gathering. Jindal said many countries with excess production disrupt the level-playing field, particularly for the MSME sector. They divert surplus stainless steel through nations with free trade agreements with India or through ASEAN countries like Vietnam. "We have all witnessed how Indian industries like textiles, electronics, and machinery have been severely impacted by the aggressive export policies of countries like China and Vietnam," he said. India's installed stainless steel capacity stands at 7.5 MT, with a current utilisation of about 60 per cent, indicating significant potential for ramp-up, provided the right policy environment and demand momentum are sustained. He said future investment in stainless steel is bound to get impacted. As domestic capacities are lying idle and 30 per cent of the consumption is still coming from imports. He also advocated for a separate policy to promote the interests of stainless steel sector. "We, thus, need a policy ecosystem that is conducive to domestic manufacturing and consistent in favouring Make in India in the long term. "Only then will we be able to claim our rightful position in the global stainless steel industry," Jindal said. Later, addressing the media, JSL Director Vijay Sharma said on behalf of the industry, ISSDA will be filing and application with Directorate General of Trade Remedies (DGTR) this month to investigate the dumping of stainless steel items into the domestic market from select group of countries. India's stainless steel imports rose to 1.73 million tonnes in FY25, with China, Indonesia, Vietnam and South Korea being the major contributors to the shipments, as per the market research firm BigMint.
Time of India
4 days ago
- Business
- Time of India
Jindal Stainless chairman urges govt to impose appropriate duties on imports from certain countries
Jindal Stainless Chairman Ratan Jindal on Wednesday urged the government to protect the industry and livelihood of people by imposing appropriate duties on surging imports from select countries. The industry leader made the remarks while addressing the Global Stainless Steel Summit (2025) in Mumbai. "Today, low-priced imports from China and Vietnam persist across numerous industries, including stainless steel. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Homeowners can claim a free boiler upgrade if they live in these postcodes Eco Green Tips Apply Now Undo In this context, it is essential that we collectively take a stand to protect our industry, particularly MSMEs, and the livelihood of our people, by imposing appropriate duties on these countries. I request the government's continuous support in this regard," he said while addressing the gathering. Jindal said many countries with excess production disrupt the level-playing field, particularly for the MSME sector. They divert surplus stainless steel through nations with free trade agreements with India or through ASEAN countries like Vietnam. Live Events "We have all witnessed how Indian industries like textiles, electronics, and machinery have been severely impacted by the aggressive export policies of countries like China and Vietnam," he said. India's installed stainless steel capacity stands at 7.5 MT, with a current utilisation of about 60 per cent, indicating significant potential for ramp-up, provided the right policy environment and demand momentum are sustained. He said future investment in stainless steel is bound to get impacted. As domestic capacities are lying idle and 30 per cent of the consumption is still coming from imports. He also advocated for a separate policy to promote the interests of stainless steel sector. "We, thus, need a policy ecosystem that is conducive to domestic manufacturing and consistent in favouring Make in India in the long term. "Only then will we be able to claim our rightful position in the global stainless steel industry," Jindal said. Later, addressing the media, JSL Director Vijay Sharma said on behalf of the industry, ISSDA will be filing and application with Directorate General of Trade Remedies (DGTR) this month to investigate the dumping of stainless steel items into the domestic market from select group of countries. India's stainless steel imports rose to 1.73 million tonnes in FY25, with China, Indonesia, Vietnam and South Korea being the major contributors to the shipments, as per the market research firm BigMint. PTI
Business Standard
4 days ago
- Business
- Business Standard
Western Carriers gains on Rs 28-cr order from Jindal Stainless
Western Carriers (India) rose 1.53% to Rs 112.70 after the company announced that it has received a work order worth Rs 27.73 crore from Jindal Stainless (JSL) for trailer hiring and trip-based container movement within the JSL plant in Jajpur, Odish The contract, valued at Rs 27.73 crore, is scheduled to be executed over a period of two years. Western Carriers (India) is a player in the Indian logistics industry and engaged in providing single, multimodal, and other transportation services, warehousing, and other ancillary services. On the financial front, the companys consolidated net profit declined 41.8% to Rs 14.08 crore, despite a 6.7% rise in net sales to Rs 428.58 crore in Q4 FY25 over Q4 FY24.
Business Upturn
4 days ago
- Automotive
- Business Upturn
Western Carriers secures Rs 27.73 crore work order from Jindal Stainless for trailer movement at Jajpur plant
By Aditya Bhagchandani Published on June 4, 2025, 13:28 IST Western Carriers (India) Limited has announced the receipt of a significant work order from Jindal Stainless Limited (JSL), valued at approximately Rs 27.73 crore. The contract pertains to the hiring of trailers on a trip basis for container movement within JSL's plant located in Jajpur, Odisha. According to the company's filing with BSE and NSE under Regulation 30 of SEBI (LODR) Regulations, the agreement will span a duration of two years. The nature of the contract focuses exclusively on domestic operations, with no related party involvement reported. This work order is expected to strengthen Western Carriers' logistics footprint in the industrial transport sector, particularly in handling operations for large-scale clients in the stainless steel industry. The company confirmed that the deal was secured through standard commercial procedures and does not fall under related party transactions. The development reflects Western Carriers' continued momentum in securing high-value domestic logistics contracts, further reinforcing its position in the container transport and trailer hire segment. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
29-05-2025
- Business
- Business Standard
Jyoti Structures slips after Q4 PAT slides 15.5% YoY
Jyoti Structures dropped 6.28% to Rs 20.13 after the company's consolidated net profit fell 15.51% to Rs 11.93 crore, while revenue from operations rose 27.71% to Rs 164.69 crore in Q4 March 2025 over Q4 March 2024. The swing from a Rs 9.32 crore tax gain in Q4 FY24 to a Rs 0.36 crore tax outgo in Q4 FY25 dealt a noticeable blow to the bottom line. Profit before tax (PBT) stood at Rs 12.29 crore in Q4 FY25, up 156.04% year-on-year, and up 9.34% quarter-on-quarter. For the full year FY25, net profit rose 23.34% to Rs 35.57 crore, while revenue from operations rose 10.29% to Rs 497.83 crore. PBT rose 81.45% to Rs 35.42 crore in FY25 over FY24. The company's consolidated net cash outflow from operating activities stood at Rs 177.29 crore in FY25, as against net cash outflow of Rs 19.48 crore in FY24. The company's opening order book as on 1st April 2025 stands over Rs 1,900 crore. Jyoti Structures has started Fabrication at its Nasik Plant 2. It has recently upgraded its testing facility, enhancing its capabilities to test wider base towers to match with the increasing requirements of higher voltage power transmission systems. Jyoti Structures is an engineering, procurement and construction (EPC) contracting company in the power transmission and distribution networks across India and global markets. JSL has broad experience in executing projects across the entire T&D value chain. The company has three lines of operations which include transmission lines, substations & and rural electrification.
