BusinessPhoto: Mint CompaniesJindal Stainless Cuts FY27 Volume Growth Forecast Amid West Asia War
Jindal Stainless Ltd, India's largest stainless steel maker, has lowered its FY27 sales volume growth forecast to 4-6% from 7-9% due to West Asia war-related uncertainties, volatile fuel prices, and shipping disruptions. CEO Tarun Khulbe noted Q1 was severely impacted by fuel issues, though Q2 saw improvement. EBITDA guidance was raised to ₹22,000 per tonne from ₹18,000-20,000. Logistics and cost fluctuations remain challenges.
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