Jindal Steel, one of the largest private steel producers in India, is tied to its first large bulker purchase of the decade. 

Broker sources tell Splash that the outfit has quietly tapped UK’s Anglo International Shipping for a mini-cape, the Anglo Saxon, now named Iron Crusader, tabling $14.5m for the 114,200 dwt, Chinese-built bulker. 

This marks Jindal’s first shipowning move in a decade. In 2015, it placed an order with Bangladesh’s Western Marine Shipyard for 10 small bulk carriers.

Jindal Steel is one of India’s leading steel, power, and infrastructure companies, part of the OP Jindal Group. Headquartered in New Delhi, it operates integrated steel plants in Chhattisgarh, Odisha, and Jharkhand, producing a wide range of products including rails, plates, structural steel, and hot-rolled coils. It is also a significant player in the power and mining sectors, with captive coal and iron ore resources supporting its operations.