Jindal Stainless Renews Partnership With Indian Oil; Shares Rise 0.48%

Mumbai, October 5: Jindal Stainless Limited and Indian Oil Corporation Limited have renewed their Lubricants Vendor Managed Inventory (VMI) partnership for another five years, extending a relationship that covers industrial lubricants and energy requirements.

According to the company’s exchange disclosure, the renewed arrangement continues the long-standing partnership between the two companies. A formal agreement signing ceremony was held at Jindal Stainless’ Hisar unit, with senior representatives from both organisations attending the event.

The company said the extended arrangement is intended to support dependable lubricant supplies and continued technical cooperation as manufacturing requirements evolve.

Stock Market Snapshot

The Jindal Stainless share price stood at ₹736.20 as of 12:10:12 PM IST on October 5, 2026, according to the market data.

The stock was up ₹3.50, or 0.48%, at the time. Shares traded mostly in positive territory through the late morning session after an early period of volatility.

The Jindal Stainless share price movement came as the company announced the renewal of its five-year partnership with Indian Oil.

Partnership Covers Lubricants And Energy Requirements

The renewed VMI arrangement covers a range of lubricant and fuel requirements at Jindal Stainless. The company said Indian Oil will continue supplying lubricants, while the partnership also extends to energy requirements involving products such as LDO, HSD, LSHS and Propane.

The agreement also covers Indian Oil’s Consumer Operated Lube Depot (COLD) arrangement for another five years. Jindal Stainless said the continued engagement is intended to support equipment reliability, operational efficiency and manufacturing continuity.

The partnership brings together lubricant supply and technical support as part of the companies’ ongoing industrial relationship.

Jindal Stainless Expands Long-Term Industrial Collaboration

Jindal Stainless Managing Director Abhyuday Jindal said the renewal provides an opportunity to deepen technical cooperation with Indian Oil and develop further areas of collaboration as industry requirements change.

Indian Oil’s Executive Director, Northern Region & State Head, DSO, Hemant Rathore, described the relationship as covering lubricant and fuel requirements and said the extended partnership would support reliable supply solutions for Jindal Stainless’ operations.

Jindal Stainless operates stainless steel manufacturing and processing facilities in India and overseas. The company said its operations are increasingly focused on equipment reliability, manufacturing efficiency and performance, with dependable lubrication and energy solutions forming part of that operating framework.

Conclusion

The five-year renewal with Indian Oil extends Jindal Stainless’ established arrangement for lubricant and energy supplies while supporting its manufacturing operations and technical requirements. The Jindal Stainless share price was trading 0.48% higher at ₹736.20 as of 12:10:12 PM IST on October 5, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/JSL/Jindal-Stainless-Limited
• https://nsearchives.nseindia.com/corporate/JSL_05102026114512_PressReleaseSeptember302026sd.pdf