Jindal Stainless has brought down logistics cost by around 15 per cent to help the company exit the corporate debt restructuring (CDR) framework.
The company has also tweaked raw material sourcing and its distribution value chain to become the few companies in the country to successfully achieve an exit from the CDR.
Abhyuday Jindal, Managing Director at Jindal Stainless, told BusinessLine that “All our processes and functions had to really be spruced up and improved for us to jointly get out of CDR. From operations side, the primary focus was to get our Jajpur Plant (in Odisha) fully utilised. When we started in Jajpur, we did not have our railway siding ready, this was completed in the last three years and now we have moved most of our logistics to rail. Rail is the lowest cost transportation in the country.”
“Then we went into strategic sourcing, this was an important