Wednesday, August 27, 2025
spot_img

Jindal Stainless Rewards Employees with 12.42 Lakh Stocks

spot_img
- Advertisement -

Jindal Stainless Ltd, the country’s leading stainless-steel manufacturer, has announced the granting of 12,42,736 stock options under its Employee Stock Option scheme.

This move aims to reward employees for their commitment and performance while attracting and retaining top talent.

Rewarding Commitment and Performance

The stock options comprise an equal mix of Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs), offered at a discounted price to senior employees.

This initiative is a continuation of the company’s efforts to recognize and motivate its workforce, following a similar grant in December 2023.

The stock options will vest over a period of four years, with performance conditions linked to their vesting.

Sushil Baveja, Chief Human Resource Officer at Jindal Stainless, emphasized the importance of such initiatives.

“Initiatives like these empower our employees by enabling wealth creation and instilling a sense of ownership, which drives greater engagement, motivation, and loyalty,” Sushil said.

“This, in turn, creates value for all stakeholders, ensures mutual benefits for the company and employees, and builds a formidable organization in the process,” he concluded.

About Jindal Stainless

Jindal Stainless Ltd is a leading stainless-steel manufacturer in India, known for its high-quality products and innovative solutions.

The company’s mission is to create value for its stakeholders through sustainable practices and continuous improvement.

Jindal Stainless achieved a consolidated annual turnover of Rs 38,562 crore in FY24. The company continues to be a dominant player in the stainless-steel industry.

The company’s robust financial performance is a testament to its strategic initiatives and operational excellence.

With the recent stock options grant, Jindal Stainless aims to further enhance employee engagement and loyalty.

The initiative is expected to foster a culture of ownership and commitment among employees, contributing to the company’s long-term objectives.


Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube. To get the latest news updates, subscribe to our channels. WhatsAppClick HereGoogle NewsClick HereYouTubeClick Here, and LinkedIn: Click Here.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Sindhu Gangadharan, SVP & MD, SAP Labs India on Workplace Technology in 2021

Rendezvous with Sindhu Gangadharan, SVP & Managing Director, SAP...

Infosys President Ravi Kumar S has resigned

India's second-largest IT major, Infosys has announced that its President...

Women Employees in Odisha Get Clarity on Maternity Leave Rules

Odisha government has introduced clear guidelines regarding maternity leave...

COVID-19: ESIC expedites Payments to these beneficiaries

ESIC decides for Prompt payment of Permanent Disablement Benefit...

Remote working workforce challenges, mitigating with SIEM, UEBA

In the modern world, and with the need to...

BSNL, MTNL appoints Kalyan Sagar Nippani as Director HR

Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam...

Wipro appoints Regional Head & Managing Director, Southern Europe

Wipro appoints Graziella Neuvéglise as Regional Head & Managing...

National Human Rights Commission Short-Term Internship, Apply

National Human Rights Commission (NHRC) also offers opportunities throughout...

Related Articles

Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor - Content at SightsIn Plus