Jindal Steel inks pact with NSIC to supply stainless steel

National Small Industries Corporation Limited (NSIC) and Jindal Stainless Steelway Limited (JSSL) have signed a memorandum of understanding (MoU), under which JSSL will supply stainless steel to NSIC.

Under the NSIC Raw Material Distribution scheme, it aims to provide stainless steel products to MSMEs all over India.

The MoU will make it easier for MSME to obtain high-quality stainless steel at reasonable prices.

The association will establish a platform to make it easier for MSME's across the country to purchase stainless steel.

P Udayakumar, Director (Planning & Marketing), NSIC presided over the signing of a Memorandum of Understanding (MoU) between NSIC and Jindal Stainless Steelway Limited. Dr Avinash Choudhary, NSIC's General Manager (RMD), and Aman Vashisth, Jindal Stainless Steel Ltd's Head-Sales, signed the MoU.

Jindal Stainless Steelway Limited (JSSL) is Jindal Stainless domestic service arm, and India's largest stainless steel producer. The company is ISO certified and provides customers with convenient, customised, and just-in-time services at their doorsteps. JSSL's services include stainless steel processing and distribution in slit and cut-to-size customizations, polished sheets, coils, and coin blanks, all while adhering to the strictest processing tolerances. The total capacity of our domestic processing lines is approximately 6,30,000 tonnes per year.

NSIC is an ISO-certified Government of India enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME). The National Small and Medium Enterprises Council (NSIC) has been working to promote, assist, and foster the growth of micro, small, and medium enterprises in the country.

NSIC is based in the country and operates through a network of offices and technical centres. In addition, NSIC has established a Training and Incubation Center, which is staffed by professionals.

Image Source