Jindal Stainless and Indian Oil renewed their lubricant deal for 5 years, with the pact signed at the steelmaker’s Hisar plant.

Hemant Rathore, Executive Director, Northern Region and State Head, DSO, was present for Indian Oil Corporation Ltd. Vijay Bindlish, the Hisar unit head, attended for Jindal Stainless.

It is a vendor managed inventory arrangement, or VMI, in which the supplier looks after a customer’s stock of lubricants.

Lubricants are the oils and greases that keep heavy machinery moving. The deal runs five years.

It extends a long-standing association, and it builds on the companies’ wider work across lubricants and energy supplies.

Rathore called the renewal of the Consumer’s Operated Lube Depot agreement an important milestone in a long relationship.

He said Indian Oil will keep supplying its SERVO lubricants for the steelmaker’s demanding applications. Lubricants are only part of the link.

Indian Oil also sells Jindal Stainless light diesel oil, high-speed diesel, low sulphur heavy stock and propane, which together cover a wide range of its energy needs.

Abhyuday Jindal, Managing Director of Jindal Stainless, said the renewal offers a chance to deepen engagement and look at ‘new avenues of technical cooperation’ as industry needs change.

Both companies say the arrangement supports manufacturing continuity, operational efficiency and equipment reliability.

Here is the company behind the deal. Jindal Stainless reported turnover of Rs 42,955 crore in FY26 and has an annual melt capacity of 4.2 million tonnes of steel.

As of March 2026, it ran 16 stainless steel manufacturing and processing facilities worldwide, with a network in 12 countries.

Its products range from slabs, blooms, coils, plates and sheets to precision strips, wire rods, rebars, blade steel and coin blanks.

Tired of missing hot stocks? Tradz by EquityPandit provides powerful tools like stock scans and more help you make informed trading decisions. Download now and take control of your portfolio!