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Jindal Stainless raises coin blank capacity 20 percent
Business Standard··30 Aug
Jindal Stainless is raising annual coin blank capacity by 20 percent to 12,000 tonnes from 10,000 tonnes, Hisar unit head Vijay Bindlish said. Blanks are made under high security for Indian and overseas mints. Division head Saurabh Kumar said the unit holds a 60-70 percent global razor blade share, making 19,500 tonnes a year now.
Prism
What It Means For You
- Mints buying unstamped blanks from Hisar will see capacity targeted at 12,000 tonnes a year.
- Blade customers in India, Poland, Vietnam, China and South Korea stay linked to a 19,500-tonne line.
- Local energy watchers will see green power rise from 70 percent toward 80 percent.
What's Happening
- Bindlish said supplies go to Indian, French, Finnish, Polish, Dutch, UK, Malaysian and Slovak mints.
- Each order is cut to a mint's size, thickness, shape and alloy rules.
- The 0.8 million-tonne Hisar works began carbon steel in 1970 and shifted to stainless in 1978.
What Mint Buyers Will Notice
- Coin blanks sit beside razor blades and precision strips inside the secure division.
- Sushil Jain said the plant runs zero liquid discharge and reuses treated water and acids.
- Two captive hydrogen projects and a floating solar project support the energy shift.
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