Jindal Stainless Limited,
India’s largest stainless steel manufacturer, granted 12,42,736 stock options
on a discounted price through Employee stock options(ESOPs) and Restricted
Stock Unit (RSUs) in an equal mix to the senior employees under its Employee Stock
Option Scheme. This is in continuation of grant of stock options by the Company
in December last year. The stock options will vest over a period of four years,
along with linkage to performance conditions.
Commenting on this
development, Chief Human Resource
Officer, Jindal Stainless, Mr Sushil Baveja, said, “At Jindal Stainless, we
are deeply committed to strengthening employee growth and creating
opportunities for shared success. Initiatives like these empower our employees
by enabling wealth creation and instilling a sense of ownership, which drives
greater engagement, motivation, and loyalty. This, in turn, creates value for
all stakeholders, ensures mutual benefits for company and employees, and builds
a formidable organisation in the process.”
The initiative is aimed at
rewarding employees for their commitment and performance. It has been
introduced to also attract and retain top talent while cultivating a shared
sense of ownership.
