Ferro-alloys.com：India Jindal Steel Limited (JSL) said in a statement recently that the company will merge Jindal Stainless Hisar Limited (JSHL). Abhyuday Jindal, managing director of JSL, said in a statement that the merger of JSL and JSHL will simplify the capital structure and expand the combined business turnover to approximately US$2.73 billion. The statement stated that the physical annual steel production capacity of the two companies after the merger will be 1.9 million tons, which will become the only Indian company among the world's top ten stainless steel producers.

The merger of JSHL into JSL will create a large stainless steel entity that will rank among the top ten stainless steel companies in the world and the largest stainless steel company in India. The merger will not only enhance the company's product portfolio and better serve customers with 360-degree coverage, it will also provide customers with seamless, single-window, pan-Indian and global network access, and will further promote a "just in time" approach. The business combination will reorganize the combined entity into an integrated, modern, "state-of-the-art" manufacturing plant, thereby bringing together diverse technologies, talents, and research and development. The merger will bring JSL close to ports and raw materials, as well as a world-class finishing line, thereby achieving enhanced operational synergy. And JSHL's strategic location near major domestic consumer centers. In addition, the combined entity will use Jajpur’s existing infrastructure for cost-effective Brownfield expansion, thereby providing growth reinvestment opportunities.

• [Editor:zhaozihao]