Jindal Stainless Limited — Important, 08-05-2025: Updates

Jindal Stainless has announced a board meeting. It delivered strong financial results with standalone revenue of ₹40,181.68 Cr and net profit of ₹2,711.19 Cr, driven by margin improvement and efficiency gains. The company completed full acquisition of Chromeni Steels and boosted its stake in Mynd Solutions by ₹102.55 Cr, strengthening its supply chain finance footprint. Melting capacity will expand from 3 MTPA to 4.2 MTPA via a new JV in Indonesia. A final dividend of ₹2 per share has been proposed.