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The debt-laden company is in no hurry to list its subsidiaries - Jindal United Steel Ltd (JUSL) and Jindal Coke Ltd (JCL) - as it feels that it will not be able to realise the assets real value in the prevailing market conditions.
The anti-dumping duty which is effective is on one particular product which is HR 304 and the effectiveness is because it is from 0-1650 millimetres, the entire range of width, JSL Stainless's Rajiv Rajvanshi tells CNBC-TV18
As far as stainless Steel sector is concerned, Finance Minister has proposed peak rate of custom duty on iron & steel from 10 percent to 15 percent, which would allow government to increase custom duty upto 15 percent, says Rajiv Rajvanshi – Sr. VP – Corporate Strategy of Jindal Stainless.
