Jindal Stainless Eyes 30% Jump in Exports for FY25 Amid Favorable Tariff Landscape

Jindal Stainless Limited (JSL), a top Indian stainless steel manufacturer, is eyeing a 30% export growth for the fiscal year 2024-25 to export between 22,000 and 25,000 metric tons of stainless steel products abroad.

The company’s leadership attributes the expected growth to a more favorable global trade environment. “US tariffs have now been uniformly applied across the EU, Korea, India, Japan, and Taiwan. This alignment levels the playing field for us, and we’re confident of leveraging it to boost exports,” said JSL CEO Tarun Khuble.

Exports contributed just 9% to JSL’s total output during FY 2023-24, compared to 13% in the earlier year. However, with recent policy changes and renewed global clientele interest, the company expects a sharp turnaround.

A significant number of customers who had stayed away before 2016 are coming back. Although there is still some reluctance about possible policy shifts by Mr. Trump, many are now interested once again, and our book of orders is much stronger,” said JSL Managing Director Abhyuday Jindal.

The firm views the harmonized tariff arrangement as a strategic chance to recover lost ground in major overseas markets. JSL is now receiving several inquiries from existing and new customers, pointing towards increased worldwide demand for Indian stainless steel.

The export outlook also mirrors India’s overall drive to consolidate its manufacturing prowess and emerge as a dependable world supplier, especially with global buyers diversifying out of traditional sources.

With stable market conditions and easing trade barriers, JSL’s export strategy seems timely for FY25. The company is gearing up to regain its place in the international market, making the best use of policy dynamics as well as building on consolidated customer relationships.