JINDAL STAINLESS LTD. - Updates

Jindal Stainless Ltd has informed BSE that due to pending differences between Management and workers who have lately been resorting to go-slow and other disruptive tactics, Management has decided to temporarily shut down operations of the Ferro Alloys Unit at Kothavalasa in Vizianagaram district, Andhra Pradesh and shift production of ferro chrome to more economical Jajpur facilities.<BR><BR>The Management is engaged in active dialogue with the workers and hopes to resolve the issue in near future enabling it to resume operations. The operations of the Companys other Units will not be adversely affected by this shutdown.