Investment24 Mar 2026, 02:49 pm
Jindal Stainless Commissions Indonesian SMS Facility, Earmarks INR 900 Crore for Cold Rolled Capacities in India
AI Summary
Jindal Stainless has commissioned a 1.2 MTPA stainless steel melt shop (SMS) in Indonesia and committed an additional INR 900 crore investment towards augmenting cold rolled capacities in India. The company is targeting 3.5 MTPA sales volume by FY29, clocking a double-digit CAGR. The new and expanded downstream facilities will enable the production of thinner cold rolled products tailored for high-growth industries.
Key Highlights
- Commissioned 1.2 MTPA stainless steel melt shop (SMS) in Indonesia
- Additional INR 900 crore investment towards augmenting cold rolled capacities in India
- Targeting 3.5 MTPA sales volume by FY29
- Expansion in melting and downstream capacities to better serve evolving market needs
- Strengthening vision to build world-class capabilities in stainless steel