In a bid to strengthen India's defence and aerospace manufacturing, Jindal Stainless inked a deal with the Micro, Small and Medium Enterprises (MSME) Technology Centre, Visakhapatnam for manufacturing value-added products for the missile and satellite launch vehicle segments. The aim of the MoU is to capitalise on Jindal Stainless' expertise in strategic material supply and the manufacturing capabilities of the MSME Technology Centre. It is also aimed at encouraging and supporting the local MSMEs by partnering with them for the production orders.

The products resulting from this MoU will find application in various components, such as motor casings, missile wings, missile launcher structures and rocket motor boosters. The collaboration will significantly enhance the manufacturing of essential components and sub-assemblies crucial for the development of equipment across defence, aerospace, and other industries. The Memorandum of Understanding (MoU) was signed on the premises of the centre in the presence of Head, MSME Technology Centre, Visakhap atnam, Mr. Prasada Reddy G, Jindal Stainless' Head of Business Development for its strategic vertical, Jindal Defence and Aerospace, Col (Retd) Piyush Verma, Head of Sales and Marketing for the vertical, Mr. Amit Goyal.

Previously, Jindal Stainless has supplied material for key projects under the Defence Research and Development Organisation (DRDO) and the Indian Space and Research Organisation (ISRO), such as satellite launcher PSLV, GSLV Mk-3, Chandrayaan, Gaganyaan, to name a few. The company has also indigenously developed world-class armour solutions, including bullet-proof morchas and podiums for the Indian defence forces comprising the Indian Army, Indian Navy, Central Reserve Police Force (CRPF), Border Security Force (BSF), Service Selection Board (SSB), police forces.