+
 Jindal Steel to step into container manufacturing
WAREHOUSING & LOGISTICS

Jindal Steel to step into container manufacturing

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.

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.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?