Jindal Stainless moves up on unveiling salt tipper trailer at Technical Conclave in Gujarat
Jindal Stainless is currently trading at Rs. 773.55, up by 3.45 points or 0.45% from its previous closing of Rs. 770.10 on the BSE.
The scrip opened at Rs. 771.05 and has touched a high and low of Rs. 779.30 and Rs. 767.00 respectively. So far 6005 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 818.20 on 25-Aug-2025 and a 52 week low of Rs. 497.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 787.00 and Rs. 744.55 respectively. The current market cap of the company is Rs. 63698.78 crore.
The promoters holding in the company stood at 61.10%, while Institutions and Non-Institutions held 28.34% and 10.56% respectively.
Jindal Stainless has unveiled the pioneering Salt Tipper Trailer at its Technical Conclave in Gujarat, the heart of India’s salt industry. The integration of stainless steel in salt trailers addresses long-standing challenges of corrosion, lower durability, shorter lifespan, and high maintenance costs for salt logistics players, offering them lightweight, corrosion-resistant, energy-efficient, and sustainable solutions.
The company has deployed the advanced 304 & JT (N7 as per BIS 6911 specifications) grades of stainless steel, known for their superior corrosion resistance, fire resistance, and higher strength and excellent impact, for building the trailers. Traditional materials used for this application are known to corrode within 3-4 years, leading to operational downtime and high repair costs. In contrast, stainless steel trailers are estimated to offer around 25% weight reduction, which-among other factors-can result in cost savings of about Rs 25-30 lakh over 10 years and an expected lifespan of about 15-20 years.
This launch builds on a successful pilot, following which Jindal Stainless’ Tipper Trailers have already attracted strong market interest, with leading fleet and transport operators in Gujarat and Rajasthan evaluating the trailers for deployment across their combined fleet.
Jindal Stainless (JSL) is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
