Jindal Stainless jumps on partnering with CII
Jindal Stainless is currently trading at Rs. 260.80, up by 4.90 points or 1.91% from its previous closing of Rs. 255.90 on the BSE.
The scrip opened at Rs. 256.65 and has touched a high and low of Rs. 261.70 and Rs. 256.65 respectively. So far 38321 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 275.00 on 22-Feb-2023 and a 52 week low of Rs. 95.05 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 275.00 and Rs. 242.70 respectively. The current market cap of the company is Rs. 13655.00 crore.
The promoters holding in the company stood at 70.10%, while Institutions and Non-Institutions held 20.26% and 9.46% respectively.
Jindal Stainless (JSL) has partnered with Industry body the Confederation of Indian Industry (CII) to create awareness on corrosion and scale up its management activities to cut down losses estimated to be worth lakhs of crores of rupees in the country.
CII and JSL signed a memorandum of understanding which focuses on inviting suggestions on improvements specific to stainless steel use, scaling up corrosion management activities in India and abroad, promoting technology to manage corrosion, and providing short-term and long-term courses for industry professionals for the right material selection.
It also involves conducting workshops, organizing summits on corrosion, identifying global practices in corrosion management, suggesting potential solutions to minimize corrosion-related losses, etc.
Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.