Jindal Aluminum increasing focus on defense and aerospace segments
2020-08-24 11:34:02 [Print]
India's largest aluminum extrusion firm Jindal Aluminum, which controls over 30 per cent of the domestic market, is increasing its focus on the defense and aerospace segments as it expects these sectors to be more active given the policy changes allowing private players, says a senior company official.
Its products reach 42 countries globally, contributing 15-20 per cent of its topline annually, says vice-chairman and managing director Pragun Jindal Khaitan.
"While we straddle the entire spectrum of the aluminum downstream industry, we see lot of scope to widen our focus on the defense sector with government allowing larger private participation in this. Another focus area is the aerospace segment, where also we see more business coming in from . Currently our revenue from these two segments is negligible . We want to really play big in these two areas," said vice-chairman and managing director Pragun Jindal Khaitan. "We also want to grow by catering to the packaging industry as well as high-speed/metro rail systems," added Khaitan.
Its products reach 42 countries globally, contributing 15-20 per cent of its topline annually, says vice-chairman and managing director Pragun Jindal Khaitan.
"While we straddle the entire spectrum of the aluminum downstream industry, we see lot of scope to widen our focus on the defense sector with government allowing larger private participation in this. Another focus area is the aerospace segment, where also we see more business coming in from . Currently our revenue from these two segments is negligible . We want to really play big in these two areas," said vice-chairman and managing director Pragun Jindal Khaitan. "We also want to grow by catering to the packaging industry as well as high-speed/metro rail systems," added Khaitan.