Jindal Stainless has announced the commissioning of its 1.2 million tonnes per annum (MTPA) stainless steel melt shop in Indonesia, achieved ahead of schedule through a joint venture. This development increases the company’s total melting capacity to 4.2 MTPA, with 3 MTPA located in India.
Alongside this expansion, Jindal Stainless is preparing to launch a new 1.1 MTPA Hot Rolled Annealed Pickled (HRAP) line and a 0.17 MTPA Cold Rolling capacity in Jajpur, Odisha, by the fourth quarter of FY27 and the second quarter of FY27, respectively. These projects are part of an earlier announced investment of ₹1,900 crore.
Further augmenting its cold rolling capabilities, the company has allocated an additional ₹900 crore for facilities in Hisar and Kharagpur, expected to be operational by the second quarter of FY28. These expansions will enable the production of thinner cold rolled products for high-growth industries, increasing the company’s Cold Rolling capacity from 2.05 MTPA in FY26 to 2.67 MTPA by FY28, an increase of 0.62 MTPA. Once all projects are completed, Cold Rolling capacity will represent 64% of total melt capacity.
Jindal Stainless aims to achieve a sales volume of approximately 3.5 MTPA by FY29, with a double-digit compound annual growth rate (CAGR) over the next three years. Managing Director Abhyuday Jindal highlighted the company’s commitment to raw material security and an integrated growth approach, while CEO Tarun Khulbe emphasised the alignment of capacity enhancements with India’s domestic potential.
The company remains focused on developing a future-ready, value-driven stainless steel portfolio, supporting India’s growth and self-reliance, and expanding its global customer base across key export markets such as the US, Germany, Italy, South Korea, and Japan.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).