About Jindal Stainless Limited
Leading the Metal of Progress
Jindal Stainless Limited is India’s largest and the world’s third-largest stainless steel manufacturer. Founded in 1970 at Hisar, Haryana, and rooted in the nation-building vision of the Late Shri O.P. Jindal, JSL today operates as a fully integrated producer across the stainless steel value chain, from raw material security to high-value finished products.
The Company serves critical sectors including railways, automotive, infrastructure, consumer durables, architecture, process industries, and oil and gas, backed by a manufacturing footprint across India, Spain, and Indonesia, and a commercial presence spanning multiple geographies. This integrated model strengthens cost competitiveness and operational efficiency while enabling JSL to meet evolving customer needs across global markets. Guided by a clear vision and mission, the Company continues to advance responsible growth through electric arc furnace-based production, green hydrogen adoption, renewable energy expansion and transparent ESG disclosures, reinforcing its role in building a resilient, sustainable stainless steel ecosystem for India and the world.
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Message from the Chairperson Emeritus
Progress Rooted in Purpose
Over the years, it has been deeply meaningful for me to witness how our engagement with communities has evolved from small acts of support to sustained efforts that are enabling confidence, dignity, and self-reliance. In many of the communities we work with, this transformation is visible not only in improved access to essential services, but also in the growing aspirations and agency of individuals.
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Letter from Chairman
For India, For Generations
At Jindal Stainless, we believe true progress lies in creating value today while building a stronger foundation for tomorrow. This belief has guided our investments in capabilities, our pursuit of innovation, and our commitment to nurturing trusted relationships across our ecosystem. Having grown alongside India’s industrial journey for over 55 years, we continue to advance with resilience, responsibility, and a vision to contribute meaningfully to the nation’s growth
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Message from the Managing Director
We Are Building the Stainless Future, Together
FY26 was a year in which discipline outweighed disruption. Global manufacturing faced shipping delays, geopolitical volatility, trade distortions, and cost pressures, even as India held on to strong industrial momentum. Imports from China and Vietnam, often routed through ASEAN countries, kept domestic pricing under pressure, while developments in West Asia held fuel, energy, and logistics costs elevated. We focused on what we could control: sharper supply chain planning, tighter input-cost management, continued engagement on trade remedies, and agile, customerfocused execution.
Read MoreInvestment Case
Built for Scale. Positioned for Value.
As India’s largest and most diversified stainless steel producer, Jindal Stainless is uniquely positioned to capitalise on the nation’s robust, infrastructure-led growth trajectory. The Company’s foundational strength lies in its ability to adapt, innovate continuously, execute with discipline, and grow sustainably. By integrating unmatched operational scale with stringent capital discipline and forward-looking environmental stewardship, the Company consistently delivers superior, long-term value to its stakeholders.
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FY26 Highlights
A Year of Building Tomorrow
Financial Strength
INR 0 cr
Revenue (Net)
INR 0 cr
Profit After Tax
INR 0 cr
EBITDA
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Debt-Equity Ratio
INR 0 Per Share
Total dividend declared in FY26, including the proposed final dividend
Operational Highlights
~ 0 MTPA
Finished goods sales volume
0 MTPA
Cold rolling capacity added through the acquisition of Chromeni Steels Limited
0 MTPA
Combined global melt capacity
0 MTPA
Indonesia stainless steel melt shop commissioned ahead of schedule
Gold in Electrical Safety
Hisar unit recognised at the CII National Electrical Safety Competition 2025
ESG Highlights
Environmental Progress
0 MW
Hybrid renewable energy project advanced with Oyster Renewable Energy
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Reduction in CO 2 emissions by 2035
0 + Saplings Planted
In and around plant locations
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Renewable energy utilised at the Company’s plants
INR 0 + cr
Committed to decarbonisation projects across operations
0 %
Internal water recycling undertaken at all plants
Net Zero by 2050
Aligned with global climate goals
0 x Slag Processing Capacity
Advancing circular production and natural resource conservation
People and Communities
0 + Employees
Including on-roll and contractual workforce
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Lives touched through CSR initiatives
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People reached through community health initiatives
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Spent in learning and development programmes
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Girls and women impacted through skill training, livelihood, and awareness programmes
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Individuals impacted through the Stainless Swachhta Abhiyaan
Industry Mover and Sustainability Yearbook Member
Recognised by S&P Global
Key Performance Indicators
A Story of Quantitative Strength
Operating Environment
The Evolving Stainless Steel Market and JSL’s Response
The global stainless steel market continues to expand as infrastructure development, advanced industrial applications, and sustainability considerations broaden its use. India is expected to grow slightly faster than the global market, supported by urbanisation, public capital expenditure, increasing domestic manufacturing, and rising demand for higher-value grades.
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Strategy
Strategy in Motion
Jindal Stainless’ strategy is anchored in a singular belief: stainless steel is not just a material; it is the metal of progress that enables a stronger, more sustainable tomorrow.
Margin Protection &
Pricing Discipline
Market
Diversification
Product Mix
Optimisation
Regulatory
Readiness
Customer-Centric
Execution
Stakeholder Engagement
Nurturing Trust through Meaningful Engagement
At Jindal Stainless, building and sustaining trust is not incidental to business; it is foundational to it. The Company’s ability to create long-term value significantly depends on how well it understands the expectations of those it serves and those it impacts. This recognition has shaped JSL’s approach to stakeholder engagement: one that is proactive, structured, and deeply integrated into strategic decision-making.
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Double Materiality
Identifying What Matters Most
JSL applies a Double Materiality Assessment (DMA) framework to identify and prioritise ESG topics that are most significant from both impact and financial risk and opportunity perspectives. This ensures that sustainability considerations are integrated into core business strategy, risk management, and long-term value creation.
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Value Creation Model
Creating Value. Building Tomorrow.
Risk Management
Resilience by Design
At Jindal Stainless, risk management operates as a strategic enabler that is deeply embedded across the Company’s operations. In an environment shaped by climate change, regulatory evolution, technological disruption, and supply chain volatility, the Company proactively identifies and addresses risks that could impact long-term value creation.
Read MoreRisk Owners IAGRM Team (Function Heads) & Champions (SPOC)
Internal Audit, Governance CXO Meeting & Risk Management, Risk Owners IAGRM Team
MD, CEO & Internal Audit, Governance CXO Meeting
Risk Management Committee (RMC), Board level
Corporate Governance
Leading with Integrity
Awards and Recognition
Benchmarks of Progress
In FY26, Jindal Stainless' achievements were recognised through a wide range of national and international accolades spanning sustainability, operational excellence, quality, safety, innovation, and people practices. These recognitions underscore the Company's continued progress in building a resilient, responsible, and future-ready enterprise.
Quality & Operational Excellence
- IMC Ramakrishna Bajaj National Quality Performance Excellence Award 2025: The Jajpur unit won this prestigious award in the Manufacturing category.
- 4th TQM Summit 2026: The Jajpur unit received four Gold awards for its commitment to Total Quality Management.
- 39th National Convention on Quality Concepts (NCQC) 2025: The Jajpur unit won 25 Par Excellence awards.
- 'Reinventing the Future 2025' National Manufacturing Case Study Competition: The Jajpur unit won the National Grand Finale.
Safety & Energy Management
- International Safety Award 2025: The Jajpur unit received this recognition from the British Safety Council.
- CII National Electrical Safety Gold: The Hisar unit was recognised for excellence in electrical safety management.
- 9th National Energy Efficiency Circle Competition 2025: JSL emerged as a winner in the national competition.
- Energy Warrior 5 Star Award: Awarded to Team 'Shakti' from the Captive Power Plant (CPP) at the 2nd Convention on Energy Conservation (C-EnCo-2025).
Corporate Information
CHAIRPERSON EMERITUS
Smt Savitri Devi Jindal
EXECUTIVE DIRECTORS
Mr Ratan Jindal, Chairman & Managing Director
Mr Abhyuday Jindal, Managing Director
Mr Tarun Kumar Khulbe, CEO & Whole-time Director
Mr Jagmohan Sood, Whole-time Director & COO
INDEPENDENT DIRECTORS
Dr Rajeev Uberoi
Dr Aarti Gupta
Mr Ajay Mankotia
Ms Shruti Shrivastava
CHIEF FINANCIAL OFFICER
Mr Kunjal Mehta
HEAD-LEGAL, COMPANY SECRETARY & COMPLIANCE OFFICER
Mr Navneet Raghuvanshi
JOINT STATUTORY AUDITORS
M/s Walker Chandiok & Co. LLP
M/s Lodha & Co. LLP
SECRETARIAL AUDITORS
M/s Vinod Kothari & Co. Practicing Company Secretaries
COST AUDITORS
M/s Ramanath lyer & Co. Cost Accountants
REGISTERED OFFICE
O.P. Jindal Marg, Hisar - 125005 (Haryana)
WORKING CAPITAL BANKERS
