INTRODUCTION

Stainless Steel
In 1912, an English metallurgist, Harry Brearly, accidentally discovered Stainless Steel. In the
process of discovering an alloy to protect cannon bores in England, what came into existence
was stainless steel. Ever since, the magic of this material has become an integral part of our
lives. 

From underground pipes to space, dairy equipment to pharma equipment, coins to automobiles.
Stainless Steel is everywhere. Like we like to say, "Tomorrow definitely belongs to stainless
steel". 

The Group 
Jindal Organization, set up in 1970 by the steel visionary Mr. O.P. Jindal, has grown from an
indigenous single-unit steel plant in Hisar, Haryana to the present multi-billion, multi-national
and multi-product steel conglomerate. The organization is still expanding, integrating,
amalgamating and growing. 

The group places its commitment to sustainable development, of its people and the communities
in which it operates, at the heart of its strategy and aspires to be a benchmark for players in the
industry the world over. 

The Jindal Organization today is a global player. It's relentless quest for excellence has reaped
rich benefits and it is today one of the worlds most admired and respected groups within the steel
fraternity. 

Jindal Stainless 
Jindal Stainless is in many ways very much like the material it produces. Like stainless steel the
company is versatile in its thought process, strong and unrelenting in its operations, environment
friendly in its manufacturing process, bright, shining and beautiful in its community support
activities. The list of the properties of stainless steel is endless, just as our values are all
encompassing. 

Jindal Stainless has always been committed to innovation and progression, research and
development. Our innovations are admired beyond the geographical boundaries of our country.
No wonder we are the strategic partners of global leaders by choice. Our achievements narrate a
story of our determination to succeed and our passion to win. We will continue to leverage our
opportunities in creating excellence that the world cannot even think about. Today we are the
largest integrated stainless steel producer in India, tomorrow we will rule the world. 
Jindal Stainless is a ISO: 9001 & ISO: 14001 company is the flagship company of the Jindal
Organization. The company today, has come a long way from a single factory establishment,
started in 1970. As the numero uno it has taken on the task of making stainless steel a part of
everybody's life by taking a 360 degrees approach from production of raw materials to supply of
architecture and lifestyle related products. 

INFRASTRUCTURE

Hisar Plant (Haryana)

At Hisar lies India's only fully integrated Stainless Steel plant. The present production capacity
of plant is 6,00,000 TPA which is expanded to 7,20,000 TPA. Success of Jindal Stainless Ltd. is
the fact that everything from the conversion of raw material into blooms and slabs to hot rolling
of strips and plates and cold rolling is done in-house. An exclusive complex for manufacturing
stainless steel for razor and surgical blades has been created. A coin blanking line has also been
installed. The production capacity of the precision strip unit is also being increased from 15,000
tonnes to 30,000 tonnes.

Vizag Plant (Andhra Pradesh) 

The Ferro Alloys plant is situated at Jindal Nagar, Kothavasala, Distt. Vizianagaram, Andhra
Pradesh. The installed capacity is 40,000 metric tonnes per annum of high Carbon Ferro Chrome.
Besides supplying to the domestic market, the company also exports Ferro Chrome to various
developed countries. The plant is also equipped with an ultra modern testing laboratory to ensure
world-class quality standards. 

Greenfield Project at Orissa 

Jindal Stainless is setting up a Greenfield integrated Stainless Steel project in the state of Orissa
which would involve mining of Iron, Manganese & chrome ore for production of ferroalloys and
Stainless Steel in the melt shop and rolling mills. To meet the full requirement of power, Jindal
Stainless will also be setting up a 500 MW captive power plant. This stainless steel plant will
ultimately have a capacity of 1.6 million tones per annum. The operation of XX 60 MVA ferro-
chrome furnace have already started and the production has stabilised. JSL expects to start the
xx125 MW power plants soon followed up by setting up of other ferro alloys units of ferro-
manganese and silico- manganese.
 India's largest fully integrated Green field Stainless Steel plant, Kalinganagar, Orissa

The Cold Rolling Division at Hisar

A view of the Hot Rolling Division at Hisar.

PRODUCTS

Continuous cast products

Slabs: Cast in single strand slab caster of steel melt shop I. Liquid steel is produced through
electric arc furnace-AOD Convertor/VOD-Ladle refining furnace route. 

Blooms: Cast from twin stand bloom caster at Steel Melt Shop II. Liquid steel is produced
through electric arc furnace-AOD convertor- ladle refining furnance route.

Size: 160 mm sq. 

         200 mm sq.

Hot rolled products 

HR coils: As cast/ ground slabs are first heated and soaked in reheating furnace, rolled in
roughing mill to intermediate thickness and then to the final thickness in the steckel mill. 

HRAP Coils: Hot rolled annealed pickled coils are produced after continuous annealing and
pickling. 

HRAP Plates: No1 finish plates are produced after annealing and pickling or by cutting hot
rolled annealed pickled coils to desired lengths. 

Cold rolled products

Cold rolled coils and sheets are produced after being processed in the 20 Hi Mill, continuous
anneal & pickle line, skin pass mill slitting line and cut to length lines. Absolute flat sheets are
produced after being put through the Voss leveller. Sheets & cold rolled coils are available in
different finishes 2D, 2B, No3, No4 and BA

Blade steel

The company is the exclusive producer of stainless teel strips for making razor blades and
surgical blades in India. The plant has a capacity to produce 10,000 metric tonnes per annum. 

JSL can readily supply Stainless Razor Blade Steel as per the broad material specifications /
details given below : 

(a) Size :
Thickness = 0.10 mm (+/- 0.007 mm)
Width = 22.40 mm (+/- 0.03 mm) and upto 340 mm (Max.) 

(b) Chemical Composition :

C = 0.6 to 0.7 %
Mn = 0.5 to 0.8 %
P = 0.028% Max.
S = 0.02 % Max.
Si = 0.2 to 0.5 %
Cr = 12.5 to 13.5 %
Ni = 0.5 % Max.

(c) Rolled Hardness = 280 to 330 HV

(d) Tensile Strength = 95 to 120 Kg/mm sq.
(e) Coil I. D. = 280 mm 
Customised products

Jindal Stainless Has developed the capability to supply customized products for critical
applications. This has helped customers in their indigenisaation efforts. 

Nuclear applications
Special stainless steel was developed for critical components in nuclear applications (304 L, 321
etc.) having very low inclusion content, high corrosion resistance (<10 MPY), ultrasonically
sound (w.r.t. angular & straight beam probe testing), high temper tensile strength and impact
strength. 

Tailor made products

Niobium stabilized special grade austenitic stainless steel was developed for critical components
to be used in steam and gas turbines and other engine components. This steel was required to
have specified chemical compositions with mechanical and impact properties.

Duplex Stainless Steel 

JSL 2205, a ferritic-austentic stainless steel having a high chloride pitting resistance is the new
entrant in the product mix. Cold Rolled annealed strips find extensive application as tubular
material in sea water, chemical and paper & pulp plants.
 ANALYSIS AND INTERPRETATION

Total
Average Traded Turnover
Prev Open High Low Last Close
Symbol Series Date Close Price Price Price Price Price Price Quantity in Lacs
JINDALST
E EQ 1-Jul-10 192.7 191 192.4 188.65 189 189.25 189.63 2550416 4836.32
JINDALST
E EQ 2-Jul-10 189.25 189.3 192.3 189.25 189.25 190.05 190.61 2354248 4487.54
JINDALST
E EQ 5-Jul-10 190.05 190 191.35 189.1 190.4 190.35 190.39 1034255 1969.17
JINDALST
E EQ 6-Jul-10 190.35 190.35 194.2 189.7 194.2 193.7 192.77 2122394 4091.32
JINDALST
E EQ 7-Jul-10 193.7 213.9 213.9 189.3 190 190 190.94 2465010 4706.62
JINDALST
E EQ 8-Jul-10 190 194.45 194.45 191.35 191.9 192.05 193.08 1635390 3157.69
JINDALST
E EQ 9-Jul-10 192.05 192.75 194.8 189 194.5 194.25 193.78 2733943 5297.88
JINDALST 12-Jul-
E EQ 10 194.25 200 200 193.55 196.8 196.35 196.28 3863025 7582.39
JINDALST 13-Jul-
E EQ 10 196.35 196.35 200 195.4 200 199.35 197.87 2884116 5706.91
JINDALST 14-Jul-
E EQ 10 199.35 200.65 202.2 196.5 197.5 197.2 199.2 3514988 7001.83
JINDALST 15-Jul-
E EQ 10 197.2 197 202 194.85 200.7 200.85 200.35 4096600 8207.61
JINDALST 16-Jul-
E EQ 10 200.85 200 200.4 197.5 199 198.5 198.74 2968857 5900.2
JINDALST 19-Jul-
E EQ 10 198.5 197 200.15 195.55 198.75 198.95 198.63 1499880 2979.18
JINDALST 20-Jul-
E EQ 10 198.95 199 202.85 198.5 198.5 199.15 200.63 2263841 4541.83
JINDALST 21-Jul-
E EQ 10 199.15 200.5 205.85 200.1 204.4 204.8 203.76 5095194 10382.22
JINDALST 22-Jul-
E EQ 10 204.8 206.1 207.8 202.6 206.4 207 205.72 4138641 8514.17
JINDALST 23-Jul-
E EQ 10 207 207.55 208.65 205.5 207.1 206.85 206.76 3928563 8122.6
JINDALST 26-Jul-
E EQ 10 206.85 206 210.8 206 207.5 207.8 208.51 2883003 6011.47
JINDALST 27-Jul-
E EQ 10 207.8 208.5 209.65 206.15 206.7 207.25 207.87 2415670 5021.45
JINDALST 28-Jul-
E EQ 10 207.25 207.5 209.25 206.55 208.5 208.55 208.15 2588096 5387.19
JINDALST 29-Jul-
E EQ 10 208.55 207.45 207.45 201.1 204.7 205.1 203.87 3977623 8109.16
JINDALST 30-Jul-
E EQ 10 205.1 205 205 199.2 203.5 204 203.82 2017359 4111.86

Mean: 199.1523

Standard deviation:6.552689
 Scatter Diagram

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Frequency Curve

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