Schedule a Call Back
Jindal Stainless BSE shares down by 2.89 % despite input in Navy’s SMART system
Industry News- May 09,24
The company informed that the product could withstand high pressure and temperature during flight.
Jindal Stainless Ltd reported that it supplied 3 mm special alloy steel sheets for the Supersonic Missile-Assisted Release of Torpedo (SMART) system, to enhance the Navy’s anti-submarine warfare capabilities. The sheets are developed by Jindal Stainless’ vertical, Jindal Defence and Aerospace.
The company informed that the product could withstand high pressure and temperature during flight. The sheets were used in the next-generation missile-based light-weight torpedo delivery system, designed and flight-tested by the Defence Research and Development Organisation (DRDO) off the coast of Odisha.
Abhyuday Jindal, Managing Director, Jindal Stainless, said, “The successful flight-testing of the Navy’s SMART system is a significant milestone in India’s strategic defence capabilities far beyond the conventional range of light-weight torpedo. Jindal Stainless is a proud contributor to bolstering the Indian Navy through the canister-based missile system that demands materials of the highest quality to ensure optimal performance and reliability. Jindal Stainless’ special alloy steel sheets have been rigorously tested to meet and exceed the stringent requirements for such critical applications.”
However, the shares were down by 2.89 per cent to Rs 700.90 at 3.15 pm on the BSE.
(Source: Businessline)
Jindal Stainless
BSE
shares
2.89 %
Indian Navy
SMART system
aerospace
Defancce and aerospace
defence
Related Stories
Aerospace Defence
TIL Limited Secures Rs 2 Bn Orders from CONCOR and Indian Armed Forces
These orders validate our dual capability to serve both India's commercial infrastructure expansion and critical defence requirements with equal engineering excellence.
Read moreOther Industrial Products
Jindal Stainless Posts DJSI ESG Score of 78, Ranking among Top Global Steel Players
Jindal Stainless has achieved an ESG score of 78 in the DJSI Corporate Sustainability Assessment for FY25.
Read moreAerospace Defence
Revenues of India’s Top Defence Firms Rise 8.2%: SIPRI
SIPRI says HAL, BEL and MDSL posted combined arms revenues of $7.5 billion.
Read moreRelated Products
Troop Comforts revolutionises military gear with indigenous innovations
Aerospace & Defence
Troop Comforts Ltd (TCL), a state-owned defence corporation, has recently received a request for proposal (RFP) from the Northern Command of the Indian Army for its indigenously developed military gea Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
