RSB RECEIVES QUALITY EXCELLENCE AWARD
RSB Transmissions (I) Ltd received Quality Excellence Award for 2014 from Aditya Birla Group at 3rd Annual Manufacturing Today Conference & Awards 2014, in a glittering function attended industry lum
Oberoi Realty bags ‘High Rise Project of the Year 2014’award
Oberoi Realty, one of India’s leading real estate development company, has bagged an award for Oberoi Exquisite under the category- High Rise Project of the Year 2014 at the fourth edition of Constr
ULTRATECH CEMENT WELCOMES NEW NETWORK OF GUJARAT CEMENT DEALERS
UltraTech Cement, the single largest cement brand in the country and a leading brand in Gujarat, proudly welcomed dealers of Gujarat, who were earlier part of Jaypee Cement’s network, into its fold.
Richa Industries Limited bags Rs. 48 Crore order from BHEL
A Pre Engineered Building project for Power Grid Corporation of India Limited
L&T JV secures NTPC order worth Rs. 1885 Crore
Larsen & Toubro (L&T) through its joint venture company L&T-MHPS Boilers Private Limited (LMB), has secured an order worth Rs 1885 crore from the public sector power giant NTPC Limited.
JCB REDEFINES EXCAVATION WITH THE LAUNCH OF JS120 TRACKED EXCAVATOR
JCB (J C Bamford Excavators Ltd) recently unveiled the new JS120 tracked excavator.
CASE Construction Announces New Dealership for South Karnataka, Afro Asia Equipments
CASE appointed Afro Asia Equipments as its new dealership for South Karnataka. The announcement was made today at the official ceremony held at the dealer's premises in Bengaluru in the presence
Zoomlion ElectroMech supplies two flat top tower cranes to Nagarjuna Construction Company
Zoomlion ElectroMech has supplied its high capacity flat-top tower cranes for construction of one of India's largest cooling towers at a 1320MW coal-based thermal powerplant at Nellore
Terex Finlay Launch New I-100rs Impact Crusher.
The NEW Terex® Finlay I-100RS direct drive ø860mm x 860mm (Ø34” x 34”) horizontal impact crusher with variable speed gives operators unprecedented levels of fuel efficiency and production in bo
INDO-AIR COMPRESSORS – a look at selection, rationalization, innovation and safety features
Customers have been often seen with the question of how to select the right compressor for a plant or for a process.
JINDAL STAINLESS LTD.
The mind, body & soul of steel
Read the enlightening Interview
exclusively given to CT
Q. What according to you is needed to develop the SS usage in the Country? How is JSL helping to promote Stainless Steel in the country?
A. The Stainless Steel industry is evolving because stainless steel finds its usage in various sectors like Architecture, Building & Construction(ABC), Consumer Durables (washing machines, microwaves, refrigerators, cooking range), Life Style Products, Automotive, Rail & Transport, Petrochemicals, Oil & Gas, Nuclear Reactors to name a few. Jindal Stainless Limited offers various grades and finishes in Austenitic, Martensitic, Ferritic & Duplex range to meet this demand.
The per capita consumption of Stainless Steel in India is around 2 kgs as compared to the world average of 5 kgs. This is mainly since the growth drivers in India (ABC, ART etc.) are at a relatively nascent stage. The positive is that the growth of stainless steel has been much more than the global average, around 8% in the last 10 years and the opportunities are further enhanced as government has planned to introduce almost 1 Trillion USD in infrastructure projects in next 5 years, also making ABC as the major growth driver.
While we have lots of opportunities but there are flip sides as well. Presently the world is going through one of the biggest recession and is having over capacity (especially in China). Due to this, many manufacturers in the world are dumping their products in India at unbelievably low price levels. The Government of India has recognized the challenge and in this budget the import duty has been increased by 2.5%. We understand that the concerned Department in Government of India is working on stricter controls like Anti Dumping Duty on such imports to ensure level playing field for Indian manufacturers.
We recognize that JSL as a stainless steel major in the country has a major role to play to steer clear of the challenges and to participate in the growth. JSL is sponsoring various exhibitions like SMI, Big5 Construct India, ISSDA-25 year celebrations, Indinox 2015 etc. t... View More