Jindal Steel to step into container manufacturing

25 Jan 2021 Editorial Team

Indian steel major, Jindal Steel & Power Ltd (JSPL), will soon enter the container manufacturing business and is setting up a manufacturing facility in either Chattisgarh or Odisha.

Earlier, Hyundai, Balmer Lawrie, and Nathani were among the few manufacturers in India. After China started producing containers at a much competitive price of Rs 72,907 per unit against Rs 132,232-Rs 145,895 per unit manufactured domestically, these players went out of business.

Currently, India sources its entire container needs from China at Rs 239,760-Rs 454,545 per container. Last week, the firm reported a consolidated net profit of Rs 2,566 crore in the December quarter against a loss of Rs 218.57 crore in the same period last year on the back of increased revenues.

The top line stood at Rs 10,533 crore in the period under review, up 40% from the same period last year due to increased volumes as well as realisations.

Consolidated earnings before interest, taxes, depreciation and amortisation (Ebitda) in the December quarter stood at Rs 4,252 crore against Rs 1,574 crore in the corresponding period last year.

The Ministry of Ports, Shipping and Waterways (MoPSW) recently formed a committee to examine the viability of making containers at Bhavnagar in Gujarat and developing it into a manufacturing hub. At present, India has no container manufacturers.

In the last few months, an uneven import-export scenario for India has led to a severe shortage of container boxes pushing costs higher. After Chinese imports came under scanner and bans were imposed, there has been a severe shortage of containers in the domestic market.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..