Shares of Jindal Steel gained over 2% in trade after the company announced a significant expansion of its structural steel manufacturing operations at its Raigarh facility. As of 9:44 AM, the shares were trading 2.17% higher at Rs 1,007.90.
Under the approved expansion plan, Jindal Steel will double its structural steel capacity from the current 1.2 million tonnes per annum (MTPA) to 2.4 MTPA. The project is targeted for completion by mid-2028 and is expected to significantly enhance the availability of heavy and ultra-heavy structural steel sections within the country.
The expansion is aimed at addressing the growing complexity and scale of infrastructure, power, and energy projects, while also reducing India’s dependence on imported structural steel. By strengthening domestic supply, Jindal Steel is positioning itself to meet rising demand more efficiently and reinforce its leadership in the structural steel segment.
As part of the roadmap, the company will commission a new, dedicated structural steel mill at its Raigarh plant. This will be supported by advanced upstream and downstream technology upgrades, enabling the production of larger and more complex parallel flange sections. At present, Jindal Steel manufactures sections ranging from 100 mm to 900 mm, with weights of up to 333 kg per metre. Post-expansion, the facility will be capable of producing ultra-heavy sections with depths reaching 1,100 mm and weights of up to 1,500 kg per metre, among the largest such capabilities in India.
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