AT A GLANCE: Jindal Stainless posts faster-than-expected recovery for October-December 2020

A summary of the financial results for Indian steelmaker Jindal Stainless up to December 31, 2020, representing the third quarter and first nine months of its 2020-21 business year.

In brief

Shipping costs for imported raw materials increased by 30-35% in July-December 2020 compared with the first-half of 2020.  In October-December 2020, Jindal Stainless' share of domestic sales grew to 85% up from 79% in the same quarter in 2019, while its share of export sales dipped to 15% from 21% in the same comparison. Between...


Carrie Bone

February 11, 2021

11:06 GMT