Stainless steel in infra will sustain demand: Khulbe, Jindal Stainless
Steel

Stainless steel in infra will sustain demand: Khulbe, Jindal Stainless

Globally, demand for stainless steel has grown more than demand for all of its peers, the major metals, ferrous and non-ferrous. Stainless steel recorded a CAGR of 5.33% between 1980 and 2019, thus outpacing carbon steel (CAGR 2.49%) by far, according to the International Stainless Steel Forum. Indi...

Globally, demand for stainless steel has grown more than demand for all of its peers, the major metals, ferrous and non-ferrous. Stainless steel recorded a CAGR of 5.33% between 1980 and 2019, thus outpacing carbon steel (CAGR 2.49%) by far, according to the International Stainless Steel Forum. India’s overall stainless steel demand in 2019 was ~3.9 mt. Demand for stainless steel in India is growing at a CAGR of 8-9%, according to the Indian Stainless Steel Development Association. India’s lower per-capita consumption of stainless steel, ~2.5 kg against the world average of ~6 kg, highlights an immense untapped potential for stainless steel usage in India. India became the second largest producer of steel in the world in 2018. Is the growth of stainless steel likely to outpace traditional steel? In what is the growth anticipated, and why? Tier 2 and Tier 3 cities are enhancing their consumption of stainless steel much faster. Click here to read our exclusive Q&A with Tarun Kumar Khulbe, Whole-Time Director, Jindal Stainless.

Next Story
Real Estate

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

Next Story
Real Estate

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Next Story
Infrastructure Energy

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement