Sourcing

Jindal Stainless Corporate Management Services’ Procurement arm is an integral part of Jindal Stainless Group comprising of Jindal Stainless Ltd. (JSL), Jindal Stainless (Hisar) Ltd. (JSHL), Jindal United Stainless Ltd. (JUSL) and Jindal Coke Ltd. (JCL) and is responsible for sourcing across all companies including raw materials, energy, industrial services, industrial equipments, spares and maintenance. By enabling the centralized Procurement for all 4 companies (i.e. JSL, JSHL, JULS, JCL). Procurement department ensures single point of contact with all its suppliers and brings in cost competitiveness and synergy in sourcing.

Our objectives are driven to ensure the best value for the company by following best global practices for sourcing and at the same time ensuring security of supply, quality of material at the most competitive prices.

Our Procurement team not only works towards bundling of requirement or capturing the best value, but also work with strategic suppliers and internal stakeholders to ensure the lowering of total cost of ownership and bringing value to our customers.

Our Global procurement is organized to work in tandem with operations, with a central purchasing team for raw materials and lead buyers for scrap, alloys, refractories, rolls, metals, MRO and bulk gases. Along with our Global Procurement team, Local procurement teams are also based out of our plants and takes cares of domestic goods and services.

Our approach to procurement :

• Using “Total Cost of Ownership” methodology
• Centralized buying across the units
• Continuous improvement for operational excellence cost reduction
• Maintain highest level of ethical standards, transparency in dealing and compliance to Code of Conduct

Our main actions and initiatives in continuous improvement include: using “Total Cost of Ownership” methodology, leveraging our scale by collective buying; regularly challenging our main key performance indicators (KPIs) for improvement; and making sure we use best-in-class processes. Together, these methods have enabled us to reduce variable costs.

Key examples of Procurement Categories :

Raw Materials

• Nickel & Ferro Nickel
• Scrap (Stainless steel scrap, MS/Ferrous Scrap)
• Ferro / Charge Chrome
• Ferro alloys (Silico Manganese, Ferro Silicon etc.)
• Minerals (Chrome ore, Coal)
• Coke
• Copper etc.

Energy

• Propane
• LPG
• Diesel etc.

MRO Categories

• Lubricants
• Graphite Electrodes
• Chemicals
• Inter Leaving Papers
• Steel Rolls
• Protective films
• IT
• Packaging materials etc.

Procurement Philosophy

Benefits of our philosophy :

• Improved buy-in from the internal business units
• Increased internal business unit satisfaction
• Ensures availability of goods and services
• Increased responsiveness to operation requirement.
• Promotes teamwork across the supply chain
• Standardized and Streamlined Processes
• Quality Assurance
• Lower overall total cost and increased value.