Jindal Steel and Power ltd (JSPl), one of India’s leading steel and power companies is mulling over plans to invest up to Rs 2000 crore during the next two years for taking up modernisation and expansion of its Raigarh plant in Chhattisgarh, Virendra Kumar Mehta, Director, Sales & Marketing, JSPl said.
He was talking to mediapersons on the launch of JSPl’s new retail brand, ‘Jindal Panther’ in Raipur. The brand is inspired by the Black Panther, a powerful feline synonymous with strength, agility and rebirth, he said. The first product to be launched under Jindal Panther™ is the Jindal Panther™ TMT Rebars, signifying the company's foray into the retail product segment, Mehta said.
He said that the new generation premium quality ribbed Thermo Mechanically Treated (TMT) Rebars have a higher degree of strength, ductility and malleability, yielding the best results for all constructions needs. ‘We were keen on a shake-up of the TMT bars markets as there are around 1,800 secondary steel producers in the country’, he said.
Ravi Uppal, MD and CEO, JSPl in a statement said, “At JSPl, our brand values are rooted in excellence, innovation and commitment to world class quality as envisioned by our founder O.P Jindal.” Our entry into retail is spurred with an aim to provide top quality reinforced bars to the housing segment. Jindal Panther™ TMT Rebars have been inspired by the strength and agility of the powerful Panther and promises to empower every Indian home by offering strength and purity to its construction. With this we aspire to serve the emerging needs of infrastructure in the country, he said.
The TMT Rebar is being produced at the TMT Rebar mill at Patratu, Jharkhand with a production capacity of 1.0 MTPA, using the leading Siemens rebar production technology from USA. The mill produces high strength rebars confirming to IS 1786:2008 in Fe 500D, Fe 550D & Fe 600 grade in normal, EQR & CRS quality.