Steel and Metals Market Research (SMR) GmbH, an international independent market research organisation, recently conferred the Stainless Steel Executive of the Year 2024 Award to Chairman, Jindal Stainless, Mr Ratan Jindal. The award was given to him for his exceptional leadership, strategic vision, and firm commitment to driving Jindal Stainless' success in the stainless steel industry globally. The award ceremony took place in Rome, Italy, as part of the three-day International Stainless & Special Steel Conference 2024.
Chairman, Jindal Stainless, Mr Ratan Jindal, said while receiving the honour, "Standing here today, I am overwhelmed with a deep sense of gratitude and humility as I receive the Stainless Steel Executive of the Year Award. While it is a moment of immense pride for me, it's also a reflection of the incredible journey of Jindal Stainless over the past 54 years. I want to express my deepest gratitude to my team and colleagues, partners and customers who have been a part of this journey. This award is as much theirs as it is mine. It is their hard work, dedication, and belief in our shared vision that has brought us to where we are today. All of them have not only made my journey possible, but they have also made it worthwhile."
SMR presents this award annually to individuals who have made significant advancements in the industry. The three-day conference also included panel discussions around varied topics such as fairness in the supply chain and CBAM, generational differences, labour shortage, remote work, chromium as an enabler of sustainable and strategic applications, etc.
Mr Jindal was honoured for his role in transforming India's stainless steel industry. Owing to his business acumen, Jindal Stainless has emerged as a major player in the global stainless steel market, renowned for its high-quality products, technological advancements, and sustainable practices.
His courage of conviction, strategic thinking, and ingenious financial planning turned the company profitable. Some of his key milestones include commercialising the 200 series of stainless steel in India; initiating usage of stainless steel in Indian Railways' wagons and coaches, replacing the conventionally used carbon steel; introducing blade steel and precision strips and making Jindal Stainless the top producer of razor blade steel in the world today; financial turnaround of Jindal Stainless to make India's largest and among the world's top 5 stainless steel producing companies; championing sustainable practices, including achieving Net Zero carbon emissions by 2050; entering into a strategic agreement to set up a nickel pig iron smelter in Indonesia. His strategic initiatives have enabled the company to diversify its product portfolio, enhance its operational efficiency, and strengthen its market position. Furthermore, Mr Jindal has been a strong advocate for sustainability in the stainless steel industry, implementing initiatives to reduce the company's environmental footprint and promote responsible sourcing.
Shares of Jindal Stainless Limited was last trading in BSE at Rs. 771.10 as compared to the previous close of Rs. 776.20. The total number of shares traded during the day was 70067 in over 6536 trades.
The stock hit an intraday high of Rs. 779.50 and intraday low of 751.25. The net turnover during the day was Rs. 53608417.00. |
