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Jindal Stainless signs $18.5-M contract with Stemcor
By siliconindia staff writer
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Tuesday, 28 September 2004, 19:30 IST
NEW DELHI: Jaindal Stainless on Tuesday said it had signed a one-year $18.5 million contract for supplying stainless steel to UK-based Stemor Ltd.
The agreement was signed by Jindal Stainless vice chairman and managing director Ratan Jindal, a company statement said here.
The contract is for supplying both hot-rolled and cold rolled stainless steel products.
Jindal Stainless has arranged a pre-export finance from Standard Chartered, London, the first-ever securitisation deal done by it against its future exports.