Jindal Stainless grants ESOPs to employees
Bhubaneswar, prabaha news : Jindal Stainless Limited, India’s largest stainless steel manufacturer, granted12,42,736 stock options on a discounted price through Employee stock options(ESOPs) and Restricted Stock Unit (RSUs) in an equal mix to the senior employees under its Employee Stock Option Scheme. This is in continuation of grant of stock options bythe Companyin December last year.The stock optionswill vest over a period of four years, along with linkage to performance conditions.
Commenting on this development, Chief Human Resource Officer, Jindal Stainless, Mr Sushil Baveja, said, “At Jindal Stainless, we are deeply committed to strengthening employee growth and creating opportunities for shared success. Initiatives like these empower our employees by enabling wealth creation and instilling a sense of ownership, which drives greater engagement, motivation, and loyalty. This, in turn, creates value for all stakeholders, ensures mutual benefits for company and employees, and builds a formidable organisation in the process.”
The initiative is aimed at rewarding employees for their commitment and performance. It has been introduced to also attract and retain top talent while cultivating a shared sense of ownership.
