DSIJ Mindshare

Earlier, Jindal Stainless Ltd, India's largest stainless-steel manufacturer, created a high-strength alloy steel for Chandrayaan-3's motor casing. Developed over 3 years, this heat-resistant grade aids ISRO by meeting quality standards, enhancing India's space endeavours.

PMPL has been awarded the biggest order of Rs 30,438 crore mine development and operation project by the Steel Authority of India Ltd. The project will be executed by a consortium of PMPL and PC Patel Infra, with PMPL holding a 74 per cent stake. Including all the orders, the company's order book now stands at over Rs 54,000 crore.

Shares of the company gained more than 100 per cent in the last six months.

According to half-yearly results, the net sales increased by 272.53 per cent to Rs 17.36 crore and net profit increased by 164.21 per cent to Rs 2.53 crore in H2FY23 compared to H2FY22. As of June 2023, the promoters own a 70.57 per cent stake in the company and the rest 29.43 per cent stake is owned by the general public.

The stock of the company was listed on the NSE as an SME company with a lot size of Rs 1,600 equity shares on February 03, 2023. The company has a market cap of Rs 52 crore. The net sales increased by 3.15 per cent to Rs 218 crore and net profit skyrocketed 300 per cent to Rs 4 crore in FY23 over FY22.