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2026-07-17 03:43:49 pm | Source: Accord Fintech
Jindal Stainless inches up on suppling stainless steel for India's first hydrogen-powered train
Jindal Stainless inches up on suppling stainless steel for India's first hydrogen-powered train

Jindal Stainless is currently trading at Rs. 737.45, up by 0.75 points or 0.10% from its previous closing of Rs. 736.70 on the BSE.

The scrip opened at Rs. 737.80 and has touched a high and low of Rs. 742.00 and Rs. 732.05 respectively. So far 5952 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 883.25 on 07-Jan-2026 and a 52 week low of Rs. 651.05 on 29-Jul-2025.

Last one week high and low of the scrip stood at Rs. 742.00 and Rs. 701.55 respectively. The current market cap of the company is Rs. 60557.74 crore.

The promoters holding in the company stood at 62.05%, while Institutions and Non-Institutions held 27.80% and 10.15% respectively.

Reinforcing its contribution to India's next generation of sustainable mobility, Jindal Stainless has supplied about 40% of the total stainless steel requirement for India's first hydrogen-powered train.

The premium austenitic stainless steel grade X5CrNi1810, exclusively supplied by Jindal Stainless’ Jajpur and Hisar plants, has been used in the fabrication of the hydrogen train. Equipped with a hydrogen propulsion system, the train represents a significant step in Indian Railways' efforts towards adopting green mobility solutions.

Stainless steel has emerged as the preferred material for modern railway coaches owing to its unique combination of corrosion resistance, crash-worthiness, high strength-to-weight ratio, fire and impact resistance, durability, and recyclability. Its lightweight properties also contribute to improved energy efficiency, making it particularly well-suited for emerging mobility solutions such as hydrogen-powered trains.

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