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23 September, 2023 10:24 IST
Jindal Stainless launches first branded chequered stainless steel sheet 'Infinity'
Source: IRIS | 17 Dec, 2021, 01.10PM
Rating: NAN / 5 stars.
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Jindal Stainless, India’s largest stainless steel manufacturer, launched India’s first hot rolled stainless steel chequered sheet with brand name Jindal Infinity at the International Railway Equipment Exhibition 2021 organized by CII. This is Jindal Stainless’ second foray in the branded category after the launch of Jindal Saathi, the co-branded stainless steel pipes and tubes products.

With the launch of Infinity, the company aims to capture 20% market share over the next 3 years, amounting to an additional business potential of Rs 500 crores. According to industry estimates, the current size of chequered sheet market in India is 2,00,000 tons annually and is growing at an annual rate of 8%.

Speaking on the launch of 'Infinity', Managing Director, Jindal Stainless, Abhyuday Jindal said, "The launch of our branded stainless steel chequered sheet, Infinity, is another step towards bringing in quality consciousness for the end-customer. We are targeting annual sales of 40,000 tons of this brand in the next couple of years. Albeit chequered sheets have been in use for transport and industrial applications, stainless steel chequered sheets, given their remarkably superior offerings, are sure to change the dynamics within this category."

Shares of the company gained Rs 1.25, or 0.68%, to trade at Rs 185.45. The total volume of shares traded was 148,560 at the BSE (11.40 a.m, Friday).

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