Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

JSHL aims to make high-nitrogen steel for Defence sector

Jindal Steel (Hisar) (JSHL), the largest stainless steel maker of the country has entered into the Defence sector by forging an agreement with DRDO for transfer of technology relating to high-nitrogen steel for armour applications.

JSHL has said that “The use of high-nitrogen steel will replace the existing import of rolled homogeneous armour (RHA), resulting in improved cost efficiency in material acquisition for armour applications by 50 percent.”

It says that it has forayed into the Defence sector by “signing the licence agreement with the Defence Research and Development Organisation (DRDO), Ministry of Defence, which entails transfer of technology for manufacturing HNS for armour applications.”

Read EquityPandit’s Technical Analysis on Nifty

Get Daily Prediction & Stocks Tips On Your Mobile