Interview with Abhyuday Jindal, MD of Jindal Stainless

29 Jul 2023 CW Team

Jindal Stainless has recently expanded from 1.9 million tonne per annum (mtpa) to 2.9 mtpa, a capacity expansion that propels it to be among the top five stainless steel manufacturers in the world, excluding China. This expansion project – primarily brownfield in nature – required an estimated capital expenditure of around Rs 2,600 crore with the company already having invested in infrastructure and basic technology. Abhyuday Jindal, Managing Director, shares more with Jayashree Kurup, Senior Editor, on the company’s plans and prospects, and the industry….

He adds, “The timing of our expansion was opportune, considering the strong demand for stainless steel, both domestically and internationally. We have also been in a sound financial position, with our net debt/EBITDA for FY23 at 0.7, one of the best as per industry standards. Currently, our melting capacity in Hisar and Jajpur stand at 0.8 mtpa and 2.1 mtpa, respectively. However, the capacity at Jajpur can be further scaled up owing to the land bank; up to 3.2 mtpa with minimal additional investment. We will focus on stabilising the current expansion for the next couple of years.”

To read full interview: Click here

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..