India’s Stainless Steel Market Stays Sluggish Despite BIS Import Relaxation
India’s stainless steel market remains sluggish even after imports resumed following the Bureau of Indian Standards (BIS) relaxation. Domestic demand for stainless steel products has weakened, and market sentiment stays subdued. Moreover, import flows restarted quickly once the regulatory relief...
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Govt Launches Third Round of PLI Scheme to Boost Stainless Steel and Specialty Steel Production
The government launched the third round of the Production-Linked Incentive (PLI) scheme for Specialty Steel on Tuesday. It also aims to accelerate stainless steel production and promote domestic manufacturing under the Aatmanirbhar Bharat vision. Union Minister H.D. Kumaraswamy led the...
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Stainless Steel Scrap Prices Slip in India amid Weak Demand and Ample Supply
India’s stainless steel scrap prices fell last week as weak buying and ample scrap supply dampened the market. Many mills turned to cheaper alternatives such as nickel pig iron (NPI) and semi-finished products to cut costs and manage cash flow...
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L&T Heavy Engineering Secures Key Orders for Stainless Steel Equipment
Larsen & Toubro’s (L&T) Heavy Engineering division has won new contracts worth between ₹1,000 crore and ₹2,500 crore, the company said in a filing to the BSE. The latest orders cover sectors such as natural gas, petrochemicals, fertilisers, and nuclear...
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Jindal Stainless Wins Top Honours for Sustainability and Energy Efficiency
Jindal Stainless has earned major recognition for its strong commitment to sustainability and energy management. The company’s Hisar and Jajpur plants won the title of ‘Excellent Energy Efficient Unit’ at the CII National Awards for Excellence in Energy Management 2025,...
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Jindal Stainless Re-Appoints Rajeev Uberoi as Independent Director
Jindal Stainless Limited (JSL) has reappointed Rajeev Uberoi as an Independent Director for a second three-year term. The new term will begin on 2 November 2025. The company’s board approved the reappointment through a resolution passed on 28 October 2025....
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