IUP Jindal Metals Alloys Ltd

About the Company :

IUPL was set up in 2004 as a Joint Venture (JV) between Jindal Saw Ltd and Arcelor Mittal Stainless Precision (AMSP) (earlier called Imphy Ugine Precision (IUP), France) with a shareholding of 73% and 27% respectively. Currently JSaw holds 80.71% in the JV while the rest is held by AMSP. The JV company was set up to manufacture precision stainless steel products and nickel alloys and sell these products in the  South Asian countries and other export market with necessary technical support from IUP in operation of precision rolling equipments. The company manufactures high-quality precision stainless steel strips which find application in textile machinery, optical fibre industry, automobiles, flexible hoses and bellows, watches and electrical equipments. The company has its production facility situated at Bahadurgarh, Haryana, with an installed capacity of 18,000 MT per annum of cold rolling. The company derives its revenues from two streams viz job work for Jindal Stainless Limited (JSL- an OP Jindal group company) and direct sales to its customer