Steel Authority of India Limited (SAIL) has entered into a strategic joint venture (JV) with Indonesia's PT. Krakatau Steel to establish a stainless steel slab manufacturing facility in Indonesia, as per news reports.
The project marks SAIL's first major international manufacturing partnership in the stainless steel segment and supports its strategy of expanding into value-added steel products beyond India.
The proposed facility will have a planned production capacity of 500 kilotonnes (KT) per annum and will manufacture stainless steel slabs.
Production will cater to customers in Indonesia and the wider ASEAN region, supporting infrastructure and industrial demand across Southeast Asia.
The project is being established in Indonesia, one of the world's largest producers of nickel, a key raw material used in stainless steel manufacturing.
Locating the facility in the country will provide access to Indonesia's nickel ecosystem while supporting growing regional demand for stainless steel.
The partnership with PT. Krakatau Steel, one of Indonesia's leading steel producers, provides SAIL with a manufacturing base in Southeast Asia.
Manufacturing closer to end markets will reduce logistics requirements compared with exporting stainless steel slabs from India, while strengthening the company's presence in the value-added steel segment.
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As of 07 July 2026, at 3:03 PM, Steel Authority of India Limited share price was trading at ₹165.96 per share, reflecting a decline of 1.93% from the previous trading session.
The joint venture marks SAIL's entry into overseas stainless steel manufacturing through a dedicated production facility in Indonesia. The project combines local raw material availability with regional market access, expanding the company's international presence in the value-added steel business.
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Published on: Jul 7, 2026, 4:21 PM IST
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