Jindal Stainless in rejig mode

Ratan Jindal-led Jindal Stainless has decided to adopt a restructuring and asset monetisation programme to pare debt. As part of this scheme, the company´s manufacturing facility in Hisar, will be demerged into Jindal Stainless (Hisar) and subsequently listed on the stock exchanges. The hot-strip plant in Odisha will be transferred to Jindal United Steel, and the coke oven plant in the state will be transferred to Jindal Coke. Contact: Jindal Stainless. Tel: 011-2618 8345-60.