Jindal Stainless ties up with Japa’s JFE Steel to strengthen ferritic stainless steel manufacturing
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Jindal Stainless (JL) has entered into a Technical Assistance Agreement with Japan’s JFE Steel Corporation to strengthen its manufacturing capabilities for selected ferritic stainless steel grades.
In an exchange filing to the Bombay Stock Exchange (BSE) on Monday, the company said that the collaboration will focus on enhancing product quality, manufacturing practices, and process efficiency through technical assistance.
The agreement comes at a time when global demand for stainless steel is accelerating, driven by increasing adoption across automotive, infrastructure, railways, process industries, and other valueadded applications owing to its corrosion resistance, durability, and lower lifecycle costs, it said.
Industry estimates suggest that the global stainless steel market, particularly the ferritic stainless steel segment, is poised for steady growth over the next decade, driven by rising demand for cost-efficient and sustainable material solutions. Ferritic stainless steel grades are widely used across automotive components, railway coaches, kitchen equipment, industrial machinery, construction and other value-added applications, positioning the segment as an important area of future growth.
JFE Steel will support JL’s fforts to strengthen product quality
Under the Technical Assistance Agreement, JFE Steel will support Jindal Stainless’ ongoing efforts to strengthen product quality and manufacturing practices for the grades specified in the Agreement.
Commenting on the cooperation, Managing Director, Jindal Stainless, Abhyuday Jindal, said, “The future of manufacturing will be shaped by materials that deliver superior performance, sustainability, and value. Stainless steel, as a group of diversified high-performance alloys, is emerging as the material of choice across industries. Ferritic stainless steel, in particular, is becoming an increasingly important solution for industries looking to balance durability, corrosion resistance, and cost efficiency.”
“JFE Steel's decades of expertise in ferritic stainless steel manufacturing will help us further strengthen product quality and operational excellence. More importantly, this association is about building capabilities that create greater value for our customers by strengthening our people, processes, and practices through this agreement.” he added.
At BSE, the company’s shares opened almost flat at ₹1,162.90 today against the previous close of ₹1,163. During the session, the stock fell as much as 2.75% to an intraday low of ₹1,131, while its volume-weighted average price (VWAP) stood at ₹1,142.23. The stock touched an intraday high of ₹1,162.95.