Indian stainless steel giant Jindal Stainless Limited’s standalone revenue, EBITDA and PAT stood at INR 5,336 crores, INR 523 crores and INR 287 crores respectively during April-June 2022 quarter. JSL has recorded a sales volume of 235,530 tonnes with exports accounting for 25% share. On consolidated basis, JSL recorded revenue of INR 5,474 crores, EBITDA of INR 549 crores and PAT of INR 329 crores. JSL Managing Director Mr Abhyuday Jindal said “JSL’s focused approach on niche product development and an agile product mix helped the Company steer through unprecedented and unsteady macro-economic challenges. The domestic stainless steel industry faced a double whammy during the quarter. On the domestic front, continued dumping of stainless steel imports from China and Indonesia led to unfair competition, while simultaneously exports were severely impacted due to a 15% duty imposition by the Indian Government. Despite these challenges, JSL successfully catered to an uplifted demand from key sectors like automotives and railways. Going forward, we are committed to developing a failsafe stainless steel ecosystem in the country by focusing on awareness, skill development, new product development, and identification of sustainable applications for stainless steel. Along with this, we are dedicatedly working towards achieving our ESG goals and transition to sustainable manufacturing.”JSL maintained a strong supply in railway wagons and railway coaches. It also registered a steady demand from the automobile sector during the quarter where its supply upped by nearly 40% QoQ. JSL is undertaking joint development of new stainless steel grades with auto majors for suitable product level applications, timely deliveries, and proactive redressal of customer concerns. Additionally, JSL is developing special stainless steel finishes for major players in the lifts and elevators segment. Demand from metro sector continues to be steady with major national metro projects in the pipeline. However, the pipe and tube segment witnessed a low market demand and negative price sentiment due to a major price drop during this period.JSL will acquire Jindal United Steel Limited as a wholly-owned subsidiary and become an integrated stainless steel manufacturing company with all the critical facilities under one umbrella. Jindal United Steel Limited has been operating the hot strip mill for rolling stainless steel and carbon steel slabs with its total capacity being enhanced to 3.6 million tonne per annum. JUSL is also operating cold rolling mill with a capacity of 0.2 million tonne per annum for stainless steel applications.JSL supplied stainless steel for India’s second stainless steel foot-over-bridge unveiled at Srikakulam Road Railway Station in Waltair Division of East Cost Railway.JSL is supplying ~2000 tonnes stainless steel to Alstom for developing trainsets for India’s first Regional Rapid Transit System. The Company will supply its world-class 301LN stainless steel grade in 2J finish for developing 210 trainsets. As India’s first semi high-speed regional trainsets, the RRTS trainsets will function at a speed of 180 km per hour and will reduce commute time between Delhi and Meerut by about 40%.