Jindal Stainless (Hisar) Limited’s standalone revenue, EBITDA & PAT stood at INR 3,071 crore, INR 316 crore & INR 195 crore respectively during April-June 2022 quarter. On a consolidated basis, Jindal Stainless (Hisar) Limited’s revenue, EBITDA & PAT were recorded at INR 3,454 crore, INR 337 crore & INR 308 crore respectively. Jindal Stainless (Hisar) Limited Managing Director Mr Abhyuday Jindal said “Q1 of FY23 posed various unforeseen macro-economic challenges that impacted the overall sales volumes for the Indian stainless steel industry. The imposition of a 15% export duty by the Indian government further aggravated the domestic market which is marred by unwarranted imports. Despite the challenges, JSHL catered to the demand from key sectors in the country. Simultaneously, JSHL is developing new stainless steel specialty grades and finishes to serve a wide array of critical applications. Going forward, we will implement various green energy projects including the installation of a Green Hydrogen plant at our manufacturing facility.” Standalone PerformanceRevenue - INR 3,071 crore, up by 22% YoYEBITDA - INR 316 crore, down by 17% YoYPAT - INR 195 crore, down by 19% YoYSales Volume - 132,172 tonnes, up 13%Domestic Sales - 83%Exports - 17% Jindal Stainless (Hisar) Limited is set to install a Green Hydrogen Plant on Build-Own-Operate (basis for its manufacturing processes. Through this venture, the Company will be able to conserve power and reduce its carbon emissions considerably. Additionally, the Company has successfully installed automated lime handling system, energy efficient motors IE3 and has commissioned oxy-fuel burners at its manufacturing facility. Further, the Company aims to install rooftop solar power generation and waste management systems in Q2 of FY23.
Jindal Stainless (Hisar) Limited’s standalone revenue, EBITDA & PAT stood at INR 3,071 crore, INR 316 crore & INR 195 crore respectively during April-June 2022 quarter. On a consolidated basis, Jindal Stainless (Hisar) Limited’s revenue, EBITDA & PAT were recorded at INR 3,454 crore, INR 337 crore & INR 308 crore respectively. Jindal Stainless (Hisar) Limited Managing Director Mr Abhyuday Jindal said “Q1 of FY23 posed various unforeseen macro-economic challenges that impacted the overall sales volumes for the Indian stainless steel industry. The imposition of a 15% export duty by the Indian government further aggravated the domestic market which is marred by unwarranted imports. Despite the challenges, JSHL catered to the demand from key sectors in the country. Simultaneously, JSHL is developing new stainless steel specialty grades and finishes to serve a wide array of critical applications. Going forward, we will implement various green energy projects including the installation of a Green Hydrogen plant at our manufacturing facility.” Standalone PerformanceRevenue - INR 3,071 crore, up by 22% YoYEBITDA - INR 316 crore, down by 17% YoYPAT - INR 195 crore, down by 19% YoYSales Volume - 132,172 tonnes, up 13%Domestic Sales - 83%Exports - 17% Jindal Stainless (Hisar) Limited is set to install a Green Hydrogen Plant on Build-Own-Operate (basis for its manufacturing processes. Through this venture, the Company will be able to conserve power and reduce its carbon emissions considerably. Additionally, the Company has successfully installed automated lime handling system, energy efficient motors IE3 and has commissioned oxy-fuel burners at its manufacturing facility. Further, the Company aims to install rooftop solar power generation and waste management systems in Q2 of FY23.
