Jindal Stainless ties up with Maersk for logistics upgrade

30 Jul 2020 Evaluate

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, 2020.

The company’s collaboration with Maersk is a mutual win-win solution as it harnesses volumes on its side and expertise on theirs. This arrangement shall help it strengthen its supply chain and expedite container movement, besides saving costs for it.

Jindal Stainless is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

Jindal Stainless Share Price

625.05 -7.60 (-1.20%)
10-Jan-2025 16:59 View Price Chart
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Jindal Stainless 625.05
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