Jindal Steel & Power Ltd commissions state-of-the-art Hot Strip Mill in record time

Jindal Steel & Power has announced the successful commissioning of its State-of-the-art Hot Strip Mill complex at its Angul plant. Today, Jindal Steel & Power marks the date with the first-ever rake dispatch from the newly commissioned mill. Commissioned in a world record period of 29 months from the groundbreaking date of 7th Aug 2021, the HSM produced its first coils on January 10, 2024. The first dispatch of the coils took place on 15th January 2024.

Supplied by SMS SIEMAG, the HSM is capable of producing up to 6 MTPA 1.00mm thick and 1680mm wide coils and is equipped with advanced features like Transfer bar cooling, edge heater, coil box, and heat shields, ensuring top-notch flatness, uniform mechanical properties, and production of superior value-added grades. This positions Jindal Steel & Power to cater to various sectors including auto, construction, oil, downstream cold rolling, galvanizing, colour coating, etc.

"Commissioning of HSM at Angul is an important milestone for Jindal to become a serious player in the flat products market. That it has been done in a record time adds to the growing list of firsts in the steel industry in India and globally, said Mr Pankaj Malhan, Executive Director of JSP's Angul Plant, in a statement.

Shares of Jindal Steel & Power Limited was last trading in BSE at Rs. 729.30 as compared to the previous close of Rs. 719.45. The total number of shares traded during the day was 49026 in over 1542 trades.

The stock hit an intraday high of Rs. 732.95 and intraday low of 721.85. The net turnover during the day was Rs. 35678945.00.

Source : Equity Bulls

Keywords

JindalSteelandPower INE749A01030 HotStripMillComplex Commissioned AngulPlant