Jindal Stainless Commissions Indonesia Plant, Announces ₹900 Crore Investment to Boost Capacity

Jindal Stainless has started operations at its new stainless steel melt shop (SMS) facility in Indonesia.

• Capacity added: 1.2 MTPA
• Total melting capacity rises to 4.2 MTPA
• Out of this, 3 MTPA capacity is in India

The plant was completed ahead of schedule through a joint venture.

Jindal Stainless Expansion Plans in India

The company is also expanding its facilities in India:

• New HRAP line (1.1 MTPA) to be ready by Q4 FY27
• New cold rolling capacity (0.17 MTPA) by Q2 FY27
• These are part of an earlier investment of ₹1,900 crore

Fresh ₹900 Crore Investment

To further grow its business, Jindal Stainless has announced an additional ₹900 crore investment.

• Locations: Hisar and Kharagpur
• Expected completion: Q2 FY28
• Focus: Expanding cold rolling capacity

This will help the company produce thinner and high-value steel products.

Capacity and Growth Targets

After these expansions:

• Cold rolling capacity will increase from 2.05 MTPA (FY26) to 2.67 MTPA (FY28)
• Cold rolling will make up 64% of total capacity

The company aims to achieve:

• 3.5 MTPA sales volume by FY29
• Double-digit growth (CAGR) over the next 3 years

Management Commentary

Managing Director Abhyuday Jindal said the expansion strengthens raw material security and improves value-added products.

CEO Tarun Khulbe added that the move supports India’s growth and helps build world-class steel capabilities.

Global Presence and Focus

Jindal Stainless is expanding its global reach with operations and exports to countries like the US, Germany, Italy, South Korea, and Japan.

The company is also focusing on:

• Sustainable production using electric arc furnaces
• Reducing emissions
• Recycling steel efficiently

Read More: H.G. Infra Engineering Wins ₹401.33 Crore Railway Infrastructure Project in Madhya Pradesh!

Jindal Stainless Share Price Movement

Jindal Stainless share price (NSE: JSL) closed at ₹719.40, gaining ₹23.70 (3.41%) on March 24, 2026. The stock opened at ₹703.90 and moved between a low of ₹703.90 and a high of ₹721.70 during the day. The company has a market capitalisation of around ₹59,230 crore with a P/E ratio of 20.16. Its 52-week high stands at ₹884, while the 52-week low is ₹496.60. The stock also offers a dividend yield of 0.42%, with a quarterly dividend amount of ₹0.76.

Conclusion

Jindal Stainless is strengthening its global position with new capacity and investments. The expansion will support long-term growth, improve product quality, and boost its presence in both domestic and international markets.

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