Coverage Report

Jindal Stainless ties up with Maersk

PRINT Date Publication Edition Headline 30‐07‐2020 Deshbandhu Delhi Jindal Stainless ties up with Maersk 30‐07‐2020 Haribhoomi Delhi For logistic upgradation Jindal Stainless ties up with Maersk 30‐07‐2020 Dabang Dunia Mumbai For logistic upgradation Jindal Stainless ties up with Maersk 30‐07‐2020 Dainik Vishwamitra Kolkata Jindal Stainless ties up with Maersk 30‐07‐2020 Prabhat Khabar Kolkata For logistic upgradation Jindal Stainless ties up with Maersk 30‐07‐2020 Samaya Odisha Jindal Stainless Ltd ties up with Maersk for logistics upgrade 30‐07‐2020 Prameya Odisha Jindal Stainless Ltd ties up with Maersk for logistics upgrade 30‐07‐2020 Pragtivadi Odisha Jindal Stainless Ltd ties up with Maersk for logistics upgrade 30‐07‐2020 Dharitri Odisha Jindal Stainless Ltd ties up with Maersk for logistics upgrade 30‐07‐2020 Around Odisha Odisha Jindal Stainless Ltd ties up with Maersk for logistics upgrade 31‐07‐2020 News Today Chennai Jindal Stainless ties‐up with Maersk

Online Date Website Headline 29‐07‐2020 Univarta.com Jindal Stainless ties up with Maersk 30‐07‐2020 Business‐standard.com Bharti Airtel, TVS Motor Company, IndiGo in focus 29‐07‐2020 Economictimes.indiatimes.com Jindal Stainless ties up with Maersk for logistics upgrade Stocks To Watch: Bharti Airtel, BPCL, CEAT, Dabur, GSK Pharma, HDFC, 30‐07‐2020 Bloombergquint.com InterGlobe Aviation, RIL, TVS Motor In pics | Stocks in the news: RIL, HDFC, CEAT, Bharti Airtel, TVS Motor, 30‐07‐2020 Moneycontrol.com ONGC, JSW Energy, Jindal Stainless, Glenmark 29‐07‐2020 Navbharattimes.indiatimes.com For logistic upgradation Jindal Stainless ties up with Maersk 29‐07‐2020 Madhyapradeshtimes.com For logistic upgradation Jindal Stainless ties up with Maersk 30‐07‐2020 Epcworld.in Jindal Stainless ties up with Maersk for logistics upgrade 30‐07‐2020 Steelmint.com Jindal Stainless Ltd inks pact with Maersk for logistics upgrade 31‐07‐2020 Steel‐360.com JSL ties up with Maersk for logistics upgrade 30‐07‐2020 Steelguru.com Jindal Stainless ties up with Maersk for logistics upgrade 30‐07‐2020 Projectstoday.com Jindal Stainless ties up with Maersk for logistics upgrade 29‐07‐2020 Equitybulls.com Jindal Stainless ties up with Maersk for logistics upgrade 29‐07‐2020 Investingguide.in Jindal Stainless Ltd ties up with Maersk for logistics upgrade 30‐07‐2020 Indiainfoline.com Jindal Stainless ties up with Maersk for logistics upgrade 30‐07‐2020 Indiainfoline.com Live market updates 30‐07‐2020 Indiainfoline.com Stock market news that you should not miss today 29‐07‐2020 Psuwatch.com Jindal Stainless Ltd ties up with Maersk for logistics upgrade 29‐07‐2020 Topportalnews.wordpress.com Jindal Stainless Ltd ties up with Maersk for logistics upgrade Searchtopnewsupdates.blogspot 29‐07‐2020 Jindal Stainless Ltd ties up with Maersk for logistics upgrade .com 29‐07‐2020 Indiaseatradenews.com Jindal Stainless Ltd ties up with Maersk for logistics upgrade 29‐07‐2020 Serendeputy.com Jindal Stainless Ltd ties up with Maersk for logistics upgrade In pics | Stocks in the news: RIL, HDFC, CEAT, Bharti Airtel, TVS Motor, 30‐07‐2020 Newzz.in ONGC, JSW Energy, Jindal Stainless, Glenmark J M Baxi unit ICT to run trains linking Visakha container terminal to 30‐07‐2020 Hellenicshippingnews.com hinterland 29‐07‐2020 Samrudhiglobal.com Jindal Stainless Ltd ties up with Maersk for logistics upgrade Jindal Stainless Ltd brings Maersk on board to streamline their supply 30‐07‐2020 Logisticsinsider.in chain 31‐07‐2020 Maritimegateway.com Jindal Stainless Ltd ties up with Maersk for logistics upgrade 31‐07‐2020 Newstodaynet.com Jindal Stainless ties up with Maersk 31‐07‐2020 Dst.news Jindal Stainless Ltd ties up with Maersk for logistics upgrade 30‐07‐2020 Capitalmarket.com Bharti Airtel, TVS Motor Company, IndiGo in focus 30‐07‐2020 Nirmalbang.com Jindal Stainless Ltd ties up with Maersk for logistics upgrade 30‐07‐2020 Deshpran.com Jindal Stainless ties up with Maersk 29‐07‐2020 Thedailypodium.com Jindal Stainless ties up with Maersk for logistics improve 31‐07‐2020 Newswire24.online Jindal Stainless ties up with Maersk for Logistics upgrade 30‐07‐2020 Shippingtribune.com Maiden ICT Rake To ICD Jajpur From VCT 30‐07‐2020 Multibaggerstock.in Jindal Stainless surges on tying up with Maersk for logistics upgrade J M Baxi unit ICT to run trains linking Visakha container terminal to 30‐07‐2020 Ishipnet.com hinterland 29‐07‐2020 Cybex.in Jindal Stainless ties up with Maersk for Logistics upgrade 31‐07‐2020 Constructionweekonline.in Jindal Stainless, Maersk tie up for logistics upgrade

Date 30‐07‐2020 Publication Deshbandhu

Page No. 11

Date 30‐07‐2020 Publication Haribhoomi

Page No. 10

Date 30‐07‐2020 Publication Dabang Dunia

Page No. 08

Date 30‐07‐2020 Publication Dainik Vishwamitra

Page No. 04

Date 30‐07‐2020 Publication Prabhat Khabar

Page No. 10

Date 30‐07‐2020 Publication Samaya

Page No. 07

Date 30‐07‐2020 Publication Prameya

Page No. 05

Date 30‐07‐2020 Publication Pragativadi

Page No. 17

Date 30‐07‐2020 Publication Dharitri

Page No. 08

Date 30‐07‐2020 Publication Around Odisha

Page No. 08

Date 31‐07‐2020 Publication News Today

Page No. 07

ONLINE

Date 29‐07‐2020 Website Univarta.com

News‐Link: http://www.univarta.com/news/business/story/2100195.html

Date 30‐07‐2020 Website Business‐standard.com

News‐Link: https://www.business‐standard.com/article/news‐cm/bharti‐airtel‐tvs‐motor‐company‐indigo‐in‐focus‐ 120073000278_1.html

Bharti Airtel, TVS Motor Company, IndiGo in focus

Bharti Airtel reported consolidated net loss of Rs 15,933.10 crore in Q1 June 2020, higher than Rs 2,866 crore in Q1 June 2019. Total income rose 16.38% to Rs 24,585.80 crore. CEAT reported consolidated net loss of Rs 34.76 crore in Q1 June 2020 compared to net profit of Rs 82.60 crore in Q1 June 2019. Total income fell 36.33% to Rs 1,126.46 crore. TVS Motor Company reported consolidated net loss of Rs 179.37 crore in Q1 June 2020 compared to net profit of Rs 146.40 crore in Q1 June 2019. Total income fell 61.28% to Rs 1,946.35 crore.

InterGlobe Aviation (IndiGo) reported a consolidated net loss of Rs 2,844.30 crore in Q1 June 2020 as against net profit of Rs 1,203.14 crore in Q1 June 2019. IndiGo saw its revenue fall 92% to Rs 766.7 crore this Q1 from Rs 9,420 crore, against a 90.9% reduction in capacity, compared to same period last year. The low cost carrier said that closure of scheduled operations till 24 May 2020 and lower capacity deployment thereafter on account of COVID‐19 had significantly impacted the quarterly results.

Glaxosmithkline Pharmaceuticals reported 2.39% fall in consolidated net profit to Rs 110.83 crore on 13.71% fall in total income to Rs 706.51 crore in Q1 June 2020 over Q1 June 2019. Reliance Industries, HDFC, Dabur India and Piramal Enterprises will announce their April‐June their quarterly results today, 30 July 2020. Sagar Cements reported 22.27% rise in consolidated net profit to Rs 36.13 crore on 23.36% fall in total income to Rs 264.91 crore in Q1 June 2020 over Q1 June 2019. Navin Fluorine International reported 29.88% rise in consolidated net profit to Rs 56.03 crore on 2.81% fall in total income to Rs 251.13 crore in Q1 June 2020 over Q1 June 2019.

Jindal Stainless and the integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL). As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24.

Date 29‐07‐2020 Website Economictimes.indiatimes.com

News‐Link: https://economictimes.indiatimes.com/industry/indl‐goods/svs/steel/jindal‐stainless‐ties‐up‐with‐maersk‐for‐ logistics‐upgrade/articleshow/77240147.cms

Jindal Stainless ties up with Maersk for logistics upgrade

Jindal Stainless NSE 0.14 % Ltd (JSL), and integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL). As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha.

The first rake was flagged off on July 24. Commenting on this association, Jindal Stainless managing director, Abhyuday Jindal said: “Jindal Stainless Ltd is India’s largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us.”

Steve Felder, managing director, Maersk South Asia said: “At Maersk, we are ensuring that our customers have access to products and solutions that meet their end‐to‐end supply chain needs. With a solution designed and curated especially with and for Jindal Stainless Ltd, we are going all the way in delivering our promise of being enablers of trade.”

Spread over 12 acres and operational since November 2019, Jindal Stainless Logistics Park is a rail‐linked ICD at Jajpur, fully equipped with custom‐bonded facility, covered warehouse, and adequate container handling/storage/repair facilities to cater to the requirements of various importers and shippers located in Kalinganagar and nearby industrial areas of Odisha. It is now possible to directly move container trains from Vishakhapatnam Container Terminal Private Ltd (VCTPL) to Jindal Stainless Private Freight Terminal (PFT), thereby saving time as well as costs.

Date 30‐07‐2020 Website Bloombergquint.com

News‐Link:https://www.bloombergquint.com/markets/stocks‐to‐watch‐bharti‐airtel‐bpcl‐ceat‐dabur‐gsk‐pharma‐hdfc‐ interglobe‐aviation‐ril‐tvs‐motor

Stocks To Watch: Bharti Airtel, BPCL, CEAT, Dabur, GSK Pharma, HDFC, InterGlobe Aviation, RIL, TVS Motor

Asian stocks saw modest gains Thursday after a signal from the Federal Reserve that more stimulus will be provided pushed U.S. equities higher and weighed on the dollar. Shares climbed in Tokyo and Sydney with stocks in Seoul given an extra boost as earnings at Samsung Electronics Co. topped estimates.

Here are the stocks to watch in trade today:  Mindspace Business Parks REIT IPO subscribed 13 times on Day 3.Institutional subscription at 10.65 times. Retail subscription at 15.83 times. Institutional category doesn’t include anchor portion. Issue has been closed.  S &P Global Ratings. has placed 'BB‐' long‐term issuer credit rating of Glenmark Pharmaceuticals and it’s notes on Credit. Watch with negative implication on growing refinancing risk.  Eicher Motors on Covid‐19 impact: As of March 20, the company has successfully cleared all existing inventory of BS‐IV motorcycles across channels and dealerships. As on date more than 85% of dealers have begun operations. Demand for company’s motorcycle is expected to recover further in the forthcoming quarters of the financial year 2020‐21.  Union Bank of India approved raising Rs 10,300 crore in capital for fiscal 2021.Board approved raising Rs 6,800 crore in equity capital and to raise AT‐1 and or Tier‐2 bonds not exceeding Rs 9,400 crore. Government has extended last date for submission of expression of interest for BPCL divestment up to Sept. 30. Department of Investment and Public Asset Management had earlier extended the due date for expression of interest submission to July 31  ONGC has allotted NCDs worth Rs 500 crore on a private placement basis  Jindal Stainless has tied up with Maersk to optimise the flow of containerized exports and imports between Jaipur and Vizag Container Terminal .As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park ,a newly commissioned inland container depot located at Jajpur, Odisha.  Praj Industries and Automotive Research Association of India have entered into a memorandum of undertaking to jointly drive application development of advanced biofuels that will find usage in industry and transportation.  GMM Pfaudler has received approval to sign definitive documents with De Dietrich Process Systems India for the acquisition of their Glass Lined Equipment manufacturing facility in Hyderabad, Telangana.  NTPC to raise Rs 1,000 crore on July 31 through private placement of unsecured non‐convertible bonds in the nature of debentures.  HDFC Life Insurance allotted NCDs worth Rs 600 crore on a private placement basis.  InterGlobe Aviation: CEO, Ronojoy Dutta said that he sees great deal of potential in the cargo business. Have converted 10 aircrafts into all cargo planes and to deploy 70% of the capacity in the third quarter of fiscal 2021. He also stated that company has been able to manage to reduce cash burn and plans to raise Rs 2,000 crore by sale, lease‐back of assets. ICRA has has reaffirmed the company’s long‐term rating at ICRA A+, with negative outlook and downgraded short term rating from ICRA A1+ to ICRA A1 due to the unprecedented disruptions caused by Covid‐19 pandemic and its consequential impact on the global and domestic demand for air travel.  REC to consider raising funds via NCDs on Aug. 7.  Future Consumer: Care Ratings downgraded long‐term banking facilities worth Rs 375 crore to ‘CARE BB’ from ‘CARE A‐‘. All rating continue to be on credit watch with developing implications due to weakening of the liquidity position of its key customer which is also the flagship entity of the Future Group.  Shankara Building Products on Covid‐19 impact: Walkins in retail store have been reduced and home construction plans have been deferred. Enterprise segment has been impacted by end used demand. Channel segment continues to hold at lower threshold levels and processing business in operating at lower utilization levels. Overall revenue for first quarter of fiscal 21 would around 54‐56% of last year’s level.  Sadhana Nitrochem: Board approved bonus issue of 1 share for every 2 existing equity shares held. Expected date of credit of bonus shares is Sept. 25.  Omaxe: Board approved enabling resolution for shareholders’ approval to undertake the fund raising activity of up to Rs 500 crore at the forthcoming annual general meeting of the company.

Hubtown: Statutory auditors have resigned as considering the present Covid‐19 situation and delay in receipt of audit emoluments resulting in undue pressure on deploying necessary resources for completing the assignment.

Date 30‐07‐2020 Website Moneycontrol.com

News‐Link: https://www.moneycontrol.com/news/photos/business/stocks/in‐pics‐stocks‐in‐the‐news‐ceat‐bharti‐airtel‐ tvs‐motor‐ongc‐jsw‐energy‐jindal‐stainless‐glenmark‐deepak‐nitrite‐5618271‐33.html

In pics | Stocks in the news: RIL, HDFC, CEAT, Bharti Airtel, TVS Motor, ONGC, JSW Energy, Jindal Stainless, Glenmark

Reliance Industries, HDFC, Dabur India, 8K Miles Software, A2Z Infra Engineering, Aegis Logistics, Ajanta Pharma, LT Foods, Dhampur Sugar Mills, Dredging Corporation of India, Eros International Media, Essel Propack, Gujarat Fluorochemicals, Gateway Distriparks, GMR Infrastructure, ITDC, Jain Irrigation Systems, JM Financial, Jaypee Infratech, Lakshmi Vilas Bank, Laurus Labs, Mahindra Logistics,, Max Financial Services, National Fertilizers, Piramal Enterprises, Reliance Infrastructure, Reliance Power, Sequent Scientific, SRF, Sundaram‐Clayton, Tata Communications, Tata Steel BSL, Torrent Pharmaceuticals, Westlife Development.

Sagar Cements Q1 | Profit at Rs 36 crore versus Rs 29.5 crore, revenue at Rs 264.1 crore versus Rs 344.2 crore YoY.

CEAT Q1 | Loss at Rs 34.8 crore versus profit of Rs 82.6 crore, revenue at Rs 1,120 crore versus Rs 1,752 crore YoY.

TVS Motor Q1 | Loss at Rs 139.1 crore versus profit of Rs 142.3 crore, revenue at Rs 1,431.7 crore versus Rs 4,468.6 crore YoY.

GMM Pfaudler Q1 | Profit at Rs 19.2 crore versus Rs 17.7 crore, revenue at Rs 154.4 crore versus Rs 150.3 crore YoY.

InterGlobe Aviation Q1 | Loss at Rs 2,844.3 crore versus profit of Rs 1,203.1 crore, revenue at Rs 766.7 crore versus Rs 9,420.1 crore YoY.

Gateway Distriparks | The Rs 116 crore Rights issue opened on July 30.

Bharti Airtel Q1 | Loss at Rs 15,933.1 crore versus loss Rs 5,237 crore, revenue at Rs 23,938.7 crore versus Rs 23,722.7 crore QoQ.

GSK Pharma Q1 | Profit at Rs 110.8 crore versus Rs 113.5 crore, revenue at Rs 648.6 crore versus Rs 788 crore YoY.

Bombay Bumrah Q1 | Profit at Rs 464 crore versus Rs 244.5 crore, revenue at Rs 3,461.9 crore versus Rs 2,784.8 crore YoY.

Chambal Fertilisers Q1 | Profit at Rs 298.4 crore versus Rs 164.4 crore, revenue at Rs 3,218.7 crore versus Rs 2,854.7 crore YoY.

Deepak Nitrite | State Street Global Advisors Asia A/C SSGA Funds Management acquired 9,25,451 shares in company at Rs 632.36 per share.

Kellton Tech Solutions | Peddiboyana Ramanaiah sold 4,84,784 shares in company at Rs 20.9 per share. Gokaldas Exports Q1 | Loss at Rs 4.26 crore versus profit Rs 33.68 crore, revenue at Rs 233.9 crore versus Rs 342.23 crore YoY.

Kitex Garments Q4 | Profit at Rs 17.62 crore versus Rs 24.21 crore, revenue at Rs 146.3 crore versus Rs 180 crore YoY.

ONGC | Company raised Rs 500 crore via NCD on private placement basis at the interest rate of 5.25 percent per annum.

Genus Power Infrastructures Q1 | Profit at Rs 10.82 crore versus Rs 12.38 crore, revenue at Rs 84 crore versus Rs 268.63 crore YoY.

Indian Energy Exchange Q1 | Profit at Rs 42.09 crore versus Rs 39.58 crore, revenue at Rs 67.88 crore versus Rs 60.55 crore YoY.

Future Consumer | CARE revised credit rating on long term bank facilities to BB from A‐, with credit watch with developing implications.

Glenmark Pharmaceuticals | S&P Global placed ratings on creditwatch negative on growing refinancing risk.

Security and Intelligence Services (India) Q1 | Profit at Rs 57.9 crore versus Rs 74.9 crore, revenue at Rs 2,166.7 crore versus Rs 2,008.4 crore YoY.

Navin Fluorine International Q1 | Profit at Rs 56 crore versus Rs 43.14 crore, revenue at Rs 215 crore versus Rs 251.5 crore YoY.

JSW Energy | Promoter Danta Enterprises released 39 lakh pledged shares.

Sudarshan Chemical Industries | Company appointed Nilkanth Natu as a Chief Financial Officer.

JSW Steel | Promoters Danta Enterprises released 9.25 lakh pledged shares and Glebe Trading released 4.5 lakh shares.

Nectar Lifesciences Q4 | Profit at Rs 7.42 crore versus Rs 17.5 crore, total income at Rs 564.87 crore versus Rs 797.3 crore YoY.

Rail Vikas Nigam Q4 | Profit at Rs 247.34 crore versus Rs 191.4 crore, revenue at Rs 4,220.67 crore versus Rs 3,427 crore YoY.

Praj Industries | Praj and ARAI in alliance will drive green fuel technologies for transportation.

GTPL Hathway | Promoter Anirudhsinh Noghubha Jadeja released 5.62 lakh pledged shares.

Laurus Labs | Promoter Satyanarayana Chava released 25 lakh pledged shares. JK Paper Q1 | Profit at Rs 3.52 crore versus Rs 127.11 crore, revenue at Rs 469.3 crore versus Rs 713 crore YoY.

Jindal Stainless | Company tied up with Maersk for logistics upgrade.

GlaxoSmithKline Pharmaceuticals | Company reported 2.38 percent fall in its net profit to Rs 110.83 crore for the first quarter ended June 30. The company had posted a net profit of Rs 113.54 crore in the corresponding period previous fiscal, GlaxoSmithKline Pharmaceuticals said in a BSE filing. Revenue from operations stood at Rs 648.59 crore for the quarter under consideration. It was Rs 787.97 crore for the same period year ago, it added.

Punjab National Bank | Punjab National Bank International Limited (PNBIL) has logged a big win in a UK High Court in its pursuit of around USD 22 million in unpaid loans, setting a precedent for other enforcement cases brought by Indian banks against promoters or guarantors in English courts. The case by the UK subsidiary of PNB is seen as a “landmark decision” for similar cases involving wilful defaulters who are residing in or have assets in the UK, or where the finance agreements are subject to English law and jurisdiction. Date 29‐07‐2020

Website Navbharattimes.indiatimes.com

News‐Link: https://navbharattimes.indiatimes.com/business/business‐news/jindal‐joins‐hands‐with‐maesrk‐for‐logistical‐ upgrade/articleshow/77240963.cms

Date 29‐07‐2020 Website Madhyapradeshtimes.com

News‐Link: https://madhyapradeshtimes.com/other/29393/

Date 30‐07‐2020 Website Epcworld.in

News‐Link: http://www.epcworld.in/p/post/jindal‐stainless‐ties‐up‐with‐maersk‐for‐logistics‐upgrade

Jindal Stainless Ltd ties up with Maersk for logistics upgrade

Jindal Stainless (JSL), and the integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL). As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha.

The first rake was flagged off on July 24. Commenting on this association, MD, Jindal Stainless, Abhyuday Jindal said, “Jindal Stainless is India’s largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us.”

Managing Director, Maersk South Asia, Steve Felder added, “At Maersk, we are ensuring that our customers have access to products and solutions that meet their end‐to‐end supply chain needs. With a solution designed and curated especially with and for Jindal Stainless, we are going all the way in delivering our promise of being enablers of trade.”

Spread over 12 acres and operational since November 2019, Jindal Stainless Logistics Park is a rail‐linked ICD at Jajpur, fully equipped with custom‐bonded facility, covered warehouse, and adequate container handling/storage/repair facilities to cater to the requirements of various importers and shippers located in Kalinganagar and nearby industrial areas of Odisha. It is now possible to directly move container trains from Vishakhapatnam Container Terminal (VCTPL) to Jindal Stainless Private Freight Terminal (PFT), thereby saving time as well as costs.

Date 30‐07‐2020 Website Steelmint.in

News‐Link: https://www.steelmint.com/insights/jindal‐stainless‐ltd‐inks‐pact‐with‐maersk‐for‐logistics‐upgrade‐173783

Jindal Stainless Ltd inks pact with Maersk for logistics upgrade

Jindal Stainless Ltd (JSL), the country's largest stainless steel producer and integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Kalinganagar (Odisha) and Vizag Container Terminal (VCTPL).

As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24. Commenting on this association, managing director of Jindal Stainless Ltd, Abhyuday Jindal said, "Jindal Stainless Ltd is India's largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us."

Steve Felder, Managing Director, Maersk South Asia said, "At Maersk, we are ensuring that our customers have access to products and solutions that meet their end‐to‐end supply chain needs. With a solution designed and curated especially with and for Jindal Stainless Ltd, we are going all the way in delivering our promise of being enablers of trade."

It is now possible to directly move container trains from Visakhapatnam Container Terminal Private Ltd (VCTPL) to Jindal Stainless Private Freight Terminal (PFT), thereby saving time as well as costs. Jindal Stainless Limited is the largest stainless steel manufacturer in India with a capacity of 1.1 million tonnes per annum. The state‐of‐the‐art plant is located in Jajpur, in the state of Odisha. The plant comprises 250,000 tonnes per annum Ferro Alloy's facilities with world‐class technology and equipment. The manufacturing complex, equipped with captive power generation facility, is eventually scalable up to a capacity of 3.2 million tonnes per annum.

Date 31‐07‐2020 Website Steel‐360.com

News‐Link: https://www.steel‐360.com/press‐releases‐awards/jsl‐ties‐up‐with‐maersk‐for‐logistics‐upgrade

Jindal Stainless Ltd inks pact with Maersk for logistics upgrade

India’s largest stainless steel producing company, Jindal Stainless Ltd (JSL), and the integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerised exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL). As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24. Commenting on the tie‐up, Jindal Stainless Managing Director Abhyuday Jindal said, “Jindal Stainless Ltd is India’s largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us.” Maersk South Asia Managing Director Steve Felder added, “At Maersk, we are ensuring that our customers have access to products and solutions that meet their end‐to‐end supply chain needs. With a solution designed and curated especially with and for Jindal Stainless Ltd, we are going all the way in delivering our promise of being enablers of trade.” The Jindal Stainless Logistics Park, spread over 12 acres and operational since November 2019, is a rail‐linked ICD at Jajpur, fully equipped with custom‐bonded facility, covered warehouse, and adequate container handling/storage/repair facilities to cater to the requirements of various importers and shippers located in Kalinganagar and nearby industrial areas of Odisha. It is now possible to directly move container trains from the Vishakhapatnam Container Terminal Private Ltd (VCTPL) to Jindal Stainless Private Freight Terminal (PFT), thereby saving time as well as costs.

About JSL

Jindal Stainless Limited is the largest stainless steel manufacturer in India with a capacity of 1.1 million tonnes per annum. The state‐of‐the‐art plant is located in Jajpur, in the state of Odisha. The plant comprises 250,000 tonnes per annum Ferro Alloy’s facilities with world‐class technology and equipment. The manufacturing complex, equipped with captive power generation facility, is eventually scalable up to a capacity of 3.2 million tonnes per annum.

Date 30‐07‐2020 Website Steelguru.com

News‐Link: https://steelguru.com/steel/jindal‐stainless‐ties‐with‐maersk‐for‐logistics‐upgrade/561704

Jindal Stainless Ltd ties up with Maersk for logistics upgrade

India's largest stainless steel producing company Jindal Stainless Ltd and the integrated container logistics company Maersk have joined hands to ease and optimise the flow of containerized exports and imports between JSL Jajpur and Vizag Container Terminal.

As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park, a newly commissioned Inland Container Depot located at Jajpur, Odisha. The first rake was flagged off on July 24.

Spread over 12 acres and operational since November 2019, Jindal Stainless Logistics Park is a rail‐linked ICD at Jajpur, fully equipped with custom‐bonded facility, covered warehouse, and adequate container handling/storage/repair facilities to cater to the requirements of various importers and shippers located in Kalinganagar and nearby industrial areas of Odisha. It is now possible to directly move container trains from Vishakhapatnam Container Terminal Private Ltd (to Jindal Stainless Private Freight Terminal, thereby saving time as well as costs.

Date 30‐07‐2020 Website Projectstoday.com

News‐Link: https://www.projectstoday.com/News/Jindal‐Stainless‐teams‐up‐with‐Maersk‐for‐logistics‐upgrade

Jindal Stainless Ltd ties up with Maersk for logistics upgrade

Spread over 12 acres and operational since November 2019, Jindal Stainless Logistics Park is a rail‐linked ICD at Jajpur, fully equipped with custom‐bonded facility, covered warehouse, and adequate container handling/storage/repair facilities to cater to the requirements of various importers and shippers located in Kalinganagar and nearby industrial areas of Odisha. It is now possible to directly move container trains from Vishakhapatnam Container Terminal Private Ltd (to Jindal Stainless Private Freight Terminal, thereby saving time as well as costs.

Date 29‐07‐2020 Website Equitybulls.com

News‐Link: https://www.equitybulls.com/admin/news2006/news_det.asp?id=270995

Jindal Stainless Ltd ties up with Maersk for logistics upgrade

India's largest stainless steel producing company, Jindal Stainless Ltd (JSL), and the integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL).

As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24. Commenting on this association, MD, Jindal Stainless Ltd, Mr Abhyuday Jindal said, "Jindal Stainless Ltd is India's largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs.

This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us." Managing Director, Maersk South Asia, Mr Steve Felder added, "At Maersk, we are ensuring that our customers have access to products and solutions that meet their end‐to‐end supply chain needs. With a solution designed and curated especially with and for Jindal Stainless Ltd, we are going all the way in delivering our promise of being enablers of trade." Spread over 12 acres and operational since November 2019, Jindal Stainless Logistics Park is a rail‐linked ICD at Jajpur, fully equipped with custom‐bonded facility, covered warehouse, and adequate container handling/storage/repair facilities to cater to the requirements of various importers and shippers located in Kalinganagar and nearby industrial areas of Odisha.

It is now possible to directly move container trains from Vishakhapatnam Container Terminal Private Ltd (VCTPL) to Jindal Stainless Private Freight Terminal (PFT), thereby saving time as well as costs. Shares of JINDAL STAINLESS LTD. was last trading in BSE at Rs.36.95 as compared to the previous close of Rs. 36.65. The total number of shares traded during the day was 13836 in over 134 trades. The stock hit an intraday high of Rs. 37.4 and intraday low of 36.5. The net turnover during the day was Rs. 511952.

Date 29‐07‐2020 Website Investingguide.in

News‐Link: https://www.investingguide.in/jindal‐stainless‐ltd‐ties‐up‐with‐maersk‐for‐logistics‐upgrade/

Jindal Stainless Ltd ties up with Maersk for logistics upgrade

The first rake was flagged off on July 24. Commenting on this association, MD, Jindal Stainless Ltd, Mr Abhyuday Jindal said, “Jindal Stainless Ltd is India’s largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us.”

Managing Director, Maersk South Asia, Mr Steve Felder added, “At Maersk, we are ensuring that our customers have access to products and solutions that meet their end‐to‐end supply chain needs. With a solution designed and curated especially with and for Jindal Stainless Ltd, we are going all the way in delivering our promise of being enablers of trade.”

Date 30‐07‐2020 Website Indiainfoline.com

News‐Link:https://www.indiainfoline.com/article/news‐top‐story/jindal‐stainless‐ties‐up‐with‐maersk‐for‐logistics‐ upgrade‐120073000409_1.html

Jindal Stainless ties up with Maersk for logistics upgrade

Commenting on this association, MD, Jindal Stainless Ltd, Abhyuday Jindal said, “Jindal Stainless Ltd is India’s largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us.”

Date 30‐07‐2020 Website Indiainfoline.com

News‐Link:https://www.indiainfoline.com/markets/live‐news/2020‐07‐30/Live‐News‐Sensex‐Nifty‐live‐stock‐markets‐ bse‐nse‐futures‐and‐options‐derivative‐trading

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 After a gap‐up start the indices are firm in the mid‐ noon trade.  BSE Sensex is trading at 38,306.14 up 235.01 or 0.62% while Nifty50 is trading at 11,269.05 up 66.20 or 0.59%.  The Nifty Bank is trading up 0.34% at 22152.30 while Mid‐cap Index is down by 0.08%.  Dr. Reddy, Maruti, Wipro, TCS and Kotak Bank are the top gainers. BPCL, IOC, IndusInd Bank, Power Grid and Bharti Infratel are the top losers.  Nifty Pharma (~3%) surges further to continue to lead the trade while Nifty Media continues to be under tremendous selling pressure.  Out of 50 stocks traded on the, NSE, 28 advanced and 22 declined.  Kitex Garments Limited informed the exchanges Wednesday that the company has adequate financial resources to ensure smooth operations. In view of such lockdown, the profitability for FY21 is likely to be adversely impacted.  The company is debt free entity with good market share in Infants wear segment and has a strong financial position with adequate forex reserve. It has good track record of making continuous profitability and unutilized working capital limit to meet its financial needs. Read More  The US Federal Reserve kept its benchmark interest rate unchanged at the record‐low level of near‐zero amid a recent resurgence in Covid‐19 cases nationwide. The Federal Reserve on Wednesday is committed to using its full range of tools to support the US economy in this challenging time, thereby promoting its maximum employment and price stability goals. Read More  FCS Software solutions Limited informed the exchanges Wednesday that Covid‐19 Pandemic has no significant impact on its business operations. After lockdown company's offices were completely shutdown and employees were given working from home as per directions of Government.  Many employees have resumed office and working as per social distancing norms. Rest of the employees who is not able to join is still working from home. Read More  The private carrier Jet Airways on Thursday opened at a lower circuit limit of Rs27.65 per piece, trading down by 4.98% on Sensex. The stock will be in focus as the airline's committee of creditors (CoC) meet is scheduled for today.  Jet Airways said, "We wish to inform that the Thirteenth Meeting of Committee of Creditors (CoC) of Jet Airways (India) Limited is scheduled to be held on July 30, 2020, at 12: 00 P.M. IST".  Domestic markets opened higher on the expiry day of July's F&O contracts and also tracking gains in Asian peers after the US Federal Reserve kept interest rates at ultra‐low levels. Today’s gain led by heavyweight index Bharti Airtel, HDFC twins, Infosys and TCS.  At 9:18 AM, the Sensex was trading 212 points higher at 38,283 while the Nifty rose 71 points to 11,274. The market breadth was in favour of the gainers on the NSE with 1,029 stocks are trading with gains and 393 trade with losses.  The Reserve Bank of India (RBI) former deputy governor Viral Acharya has now raised concern over Indian economy as bad loans surge ahead, stating that the country risks it on the same path that took Japan to the lost decade in the 1990s.  In an interview reported by Bloomberg, Acharya stated that India is witnessing the return of a worrying trend of greater tolerance for loose lending and provisioning practices, which risks putting it on the same path that took Japan to the “lost decade” in the 1990s.  He reportedly added, the certainty with the COVID shock, and as highlighted in the RBI’s financial stability report, the bad loans are likely to mount to 12%‐15% region. The ex‐RBI banker thereby further said, "Given all that, Japanification is a serious concern and the way out of it is to raise capital in the financial intermediation sector. The time is now.”  Acharya was reportedly referring to Japan's experience back in the 1990s where the country's weak banking and financial sector disrupted activity and contributed to a lost decade of sub‐par economic growth. Read More  Here is the important stock market news to watch out for today.  Markets to open on a flat note; support @11,150, resistance at 11,350.  FIIs sold shares worth Rs352.62cr (cash), sold Rs505.62cr in index futures.  US Indices close with gains; Asian markets opened in the green with muted gains.  Oil trades flat at 43.377 SD/bbl.  Reliance Industries to announce Q1 results today  Bharti Airtel on Wednesday reported widening of losses to Rs15,933cr for the June quarter its fifth straight quarter of decline as the telco made additional provision for statutory dues.  Mindspace Business Parks REIT IPO subscribed 13 times on Day 3. Read More

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Jindal Stainless ties up with Maersk for logistics upgrade

 India’s largest stainless steel producing company, Jindal Stainless Ltd (JSL), and the integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL).  As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24.  Commenting on this association, MD, Jindal Stainless Ltd, Abhyuday Jindal said, “Jindal Stainless Ltd is India’s largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us.” Managing Director, Maersk South Asia, Mr Steve Felder added, “At Maersk, we are ensuring that our customers have access to products and solutions that meet their end‐to‐end supply chain needs. With a solution designed and curated especially with and for Jindal Stainless Ltd, we are going all the way in delivering our promise of being enablers of trade.”  Reliance Industries to announce Q1 results today  Bharti Airtel on Wednesday reported widening of losses to Rs15,933cr for the June quarter its fifth straight quarter of decline as the telco made additional provision for statutory dues.  Mindspace Business Parks REIT IPO subscribed 13 times on Day 3.  S&P Global Ratings has placed 'BB‐' long‐term issuer credit rating of Glenmark Pharmaceuticals and it’s notes on Credit Watch with negative implication on growing refinancing risk.  Eicher Motors on Covid‐19 impact informed that as of March 20, the company has successfully cleared all existing inventory of BS‐IV motorcycles across channels and dealerships.  US Market: US Indices close with gains as Federal Reserve assures markets of zero rate policy persisting with all tools available to infuse liquidity. Bond yields fall further at 0.57% even as banks see rally as easy line of credit to persist till end of year. Gold & Silver prices see fall as profit booking from record highs sees money exit bullion & enter fixed income. Among sectoral indices, the Nifty IT index snapped a three‐day gaining streak, ending 0.9% lower. The Nifty Auto index was the major laggard, and ended 1.2% lower, while pharma index outperformed in today's trade and ended 3.1% higher.

Date 30‐07‐2020 Website Indiainfoline.com

News‐Link: https://www.indiainfoline.com/article/news‐top‐story/stock‐market‐news‐that‐you‐should‐not‐miss‐today‐ 120073000412_1.html

Stock market news that you should not miss today

Here is the important stock market news to watch out for today. Markets to open on a flat note; support @11,150, resistance at 11,350. FIIs sold shares worth Rs352.62cr (cash), sold Rs505.62cr in index futures. US Indices close with gains; Asian markets opened in the green with muted gains. Oil trades flat at 43.377 SD/bbl. Reliance Industries to announce Q1 results today Bharti Airtel on Wednesday reported widening of losses to Rs15,933cr for the June quarter its fifth straight quarter of decline as the telco made additional provision for statutory dues.

Mindspace Business Parks REIT IPO subscribed 13 times on Day 3. S&P Global Ratings has placed 'BB‐' long‐term issuer credit rating of Glenmark Pharmaceuticals and it’s notes on Credit Watch with negative implication on growing refinancing risk. Eicher Motors on Covid‐19 impact informed that as of March 20, the company has successfully cleared all existing inventory of BS‐IV motorcycles across channels and dealerships.

Union Bank of India approved raising Rs10,300cr in capital for fiscal 2021. Government has extended last date for submission of expression of interest for BPCL divestment up to Sept. 30. ONGC has allotted NCDs worth Rs500cr on a private placement basis.

Jindal Stainless has tied up with Maersk to optimise the flow of containerized exports and imports between Jaipur and Vizag Container Terminal .

Praj Industries and Automotive Research Association of India have entered into a memorandum of undertaking to jointly drive application development of advanced biofuels that will find usage in industry and transportation. GMM Pfaudler has received approval to sign definitive documents with De Dietrich Process Systems India for the acquisition of their Glass Lined Equipment manufacturing facility in Hyderabad, Telangana.

NTPC to raise Rs1,000cr on July 31 through private placement of unsecured non‐convertible bonds in the nature of debentures. HDFC Life Insurance allotted NCDs worth Rs600cr on a private placement basis. InterGlobe Aviation, CEO, Ronojoy Dutta said that he sees great deal of potential in the cargo business. REC to consider raising funds via NCDs on Aug. 7. Care Ratings downgraded long‐term banking facilities of Future Consumer worth Rs375cr to ‘CARE BB’ from ‘CARE A‐‘. Shankara Building Products on Covid‐19 impact informed that walkins in retail store have been reduced and home construction plans have been deferred.

Sadhana Nitrochem Board approved bonus issue of 1 share for every 2 existing equity shares held. Omaxe Board approved enabling resolution for shareholders’ approval to undertake the fund raising activity of up to Rs500cr at the forthcoming annual general meeting of the company. Results today: Reliance Industries, HDFC, Dabur India, 8K Miles Software, A2Z Infra Engineering, Aegis Logistics, Ajanta Pharma, LT Foods, Dhampur Sugar Mills, Dredging Corporation of India, Eros International Media, Essel Propack, Gujarat Fluorochemicals, Gateway Distriparks, GMR Infrastructure, ITDC, Jain Irrigation Systems, JM Financial, Jaypee Infratech, Lakshmi Vilas Bank, Laurus Labs, Mahindra Logistics,, Max Financial Services, National Fertilizers, Piramal Enterprises, Reliance Infrastructure, Reliance Power, Sequent Scientific, SRF, Sundaram‐Clayton, Tata Communications, Tata Steel BSL, Torrent Pharmaceuticals, Westlife Development.

Date 29‐07‐2020 Website Psuwatch.com

News‐Link: https://psuwatch.com/jindal‐stainless‐ltd‐ties‐up‐with‐maersk‐for‐logistics‐upgrade

Jindal Stainless Ltd ties up with Maersk for logistics upgrade

Jindal Stainless Limited (JSL) and Maersk, the integrated container logistics company, have joined hands to ease and optimise the flow of containerised exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL). As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha.

The first rake was flagged off on July 24. Commenting on this association, Jindal Stainless Limited's Managing Director (MD) Abhyuday Jindal said, “Jindal Stainless Limited is India’s largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us.”

While Maersk's (South Asia) Managing Director Steve Felder added, “At Maersk, we are ensuring that our customers have access to products and solutions that meet their end‐to‐end supply chain needs. With a solution designed and curated especially with and for Jindal Stainless Limited, we are going all the way in delivering our promise of being enablers of trade.”

Spread over 12 acres and operational since November 2019, Jindal Stainless Logistics Park is a rail‐linked ICD at Jajpur, fully equipped with the custom‐bonded facility, covered warehouse, and adequate container handling, storage and repair facilities to cater to the requirements of various importers and shippers located in Kalinganagar and nearby industrial areas of Odisha. It is now possible to directly move container trains from Vishakhapatnam Container Terminal Private Ltd (VCTPL) to Jindal Stainless Private Freight Terminal (PFT), thereby saving time as well as costs.

Jindal Stainless Limited (JSL) Jindal Stainless Limited is the largest stainless steel manufacturer in India with a capacity of 1.1 million tonnes per annum. The state‐of‐the‐art plant is located in Jajpur, in the state of Odisha. The plant comprises 2,50,000 tonnes per annum Ferro Alloy’s facilities with world‐class technology and equipment.

The manufacturing complex, equipped with captive power generation facility, is eventually scalable up to a capacity of 3.2 million tonnes per annum. AP Moller Maersk AP Moller ‐ Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs roughly 80,000 people. Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.

Date 29‐07‐2020 Website Topportalnews.wordpress.com

News‐Link: https://topportalnews.wordpress.com/2020/07/29/jindal‐stainless‐ties‐up‐with‐maersk‐for‐logistics‐upgrade/

#Jindal Stainless ties up with Maersk for logistics upgrade

Jindal Stainless Ltd (JSL), and the integrated container logistics company, Maersk, have joined hands to ease and optimise the flow of containerized exports and imports between JSL, Jajpur and Vizag Container Terminal (VCTPL). As per the terms of the contract, Maersk shall facilitate to and fro rail movement of containers between Vizag and Jindal Stainless Logistics Park (JSLP), a newly commissioned Inland Container Depot (ICD) located at Jajpur, Odisha. The first rake was flagged off on July 24.

Jindal Stainless Ltd, Managing Director, Mr Abhyuday Jindal said, “Jindal Stainless Ltd is India’s largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us.”

It is now possible to directly move container trains from Vishakhapatnam Container Terminal Private Ltd (VCTPL) to Jindal Stainless Private Freight Terminal (PFT), thereby saving time as well as costs. Jindal Stainless Limited is the largest stainless steel manufacturer in India with a capacity of 1.1 million tonnes per annum. The state‐of‐the‐art plant is located in Jajpur, in the state of Odisha.

The plant comprises 250,000 tonnes per annum Ferro Alloy’s facilities with world‐class technology and equipment. The manufacturing complex, equipped with captive power generation facility, is eventually scalable up to a capacity of 3.2 million tonnes per annum. A.P. Moller – Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in

shipping services, the company operates in 130 countries and employs roughly 80,000 people. Date 29‐07‐2020 Website Searchtopnewsupdates.blogspot.com

News‐Link: https://searchtopnewsupdates.blogspot.com/2020/07/jindal‐stainless‐ties‐up‐with‐maersk.html

Jindal Stainless ties up with Maersk for logistics upgrade

The first rake was flagged off on July 24. Jindal Stainless Ltd, Managing Director, Mr Abhyuday Jindal said, “Jindal Stainless Ltd is India’s largest importer of containerised stainless steel scrap. Our collaboration with Maersk is a mutual win‐win solution as it harnesses volumes on our side and expertise on theirs. This arrangement shall help us strengthen our supply chain and expedite container movement, besides saving costs for us.”

It is now possible to directly move container trains from Vishakhapatnam Container Terminal Private Ltd (VCTPL) to Jindal Stainless Private Freight Terminal (PFT), thereby saving time as well as costs. Jindal Stainless Limited is the largest stainless steel manufacturer in India with a capacity of 1.1 million tonnes per annum. The state‐of‐the‐art plant is located in Jajpur, in the state of Odisha.

The plant comprises 250,000 tonnes per annum Ferro Alloy’s facilities with world‐class technology and equipment. The manufacturing complex, equipped with captive power generation facility, is eventually scalable up to a capacity of 3.2 million tonnes per annum. A.P. Moller ‐ Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs roughly 80,000 people

Date 29‐07‐2020 Website Indiaseatradenews.com

News‐Link: https://indiaseatradenews.com/jindal‐stainless‐ltd‐ties‐up‐with‐maersk‐for‐logistics‐upgrade/

Jindal Stainless Ltd ties up with Maersk for logistics upgrade

Date 29‐07‐2020 Website Serendeputy.com

News‐Link: https://serendeputy.com/d/f7eced2bf6

Jindal Stainless Ltd ties up with Maersk for logistics upgrade

Date 30‐07‐2020 Website Newzz.in

News‐Link: https://newzz.in/business/in‐pics‐stocks‐in‐the‐news‐ril‐hdfc‐ceat‐bharti‐airtel‐tvs‐motor‐ongc‐jsw‐energy‐ jindal‐stainless‐glenmark/14932017090549011733/14932017090549011733/