Jindal Stainless Commissions Indonesia Melt Shop
ECONOMY & POLICY

Jindal Stainless Commissions Indonesia Melt Shop

Jindal Stainless has commissioned a one point two million tonnes per annum (MTPA) stainless steel melt shop in Indonesia developed through its joint venture ahead of schedule. The addition increases total melting capacity to four point two MTPA, including three MTPA in India, and strengthens the company’s raw material security and global footprint.

Complementing the melt expansion, the company will commission a one point one MTPA hot rolled annealed pickled line and a zero point one seven MTPA cold rolling unit at Jajpur by Q4FY27 and Q2FY27 respectively. This development forms part of an earlier outlay of Rs 19 bn.

To further bolster downstream capacities, the company has earmarked a fresh investment of Rs nine bn at Hisar and Kharagpur, with commissioning expected by Q2FY28. Cold rolling capacity is projected to rise from two point zero five MTPA in FY26 to two point six seven MTPA by FY28, an increase of zero point six two MTPA.

These additions will enable production of thinner cold rolled products tailored for high growth industries and are expected to enhance value addition across the product portfolio. Once all downstream projects are commissioned, cold rolling capacity will account for 64 per cent of total melt capacity, supporting higher realisation and market diversification.

The company is targeting sales of approximately three point five MTPA by FY29 and expects to deliver double-digit per cent compound annual growth over the next three years. Jindal Stainless reported an annual turnover of Rs 401.82 bn in FY25 and the management highlighted a focus on integrated operations, electric arc furnace based manufacturing and expansion into key export markets. The company expects the new capacities to strengthen its presence in export markets including US, Germany, Italy, South Korea and Japan. It also remains committed to greener operations through electric arc furnace based production and recycling of scrap.

Jindal Stainless has commissioned a one point two million tonnes per annum (MTPA) stainless steel melt shop in Indonesia developed through its joint venture ahead of schedule. The addition increases total melting capacity to four point two MTPA, including three MTPA in India, and strengthens the company’s raw material security and global footprint. Complementing the melt expansion, the company will commission a one point one MTPA hot rolled annealed pickled line and a zero point one seven MTPA cold rolling unit at Jajpur by Q4FY27 and Q2FY27 respectively. This development forms part of an earlier outlay of Rs 19 bn. To further bolster downstream capacities, the company has earmarked a fresh investment of Rs nine bn at Hisar and Kharagpur, with commissioning expected by Q2FY28. Cold rolling capacity is projected to rise from two point zero five MTPA in FY26 to two point six seven MTPA by FY28, an increase of zero point six two MTPA. These additions will enable production of thinner cold rolled products tailored for high growth industries and are expected to enhance value addition across the product portfolio. Once all downstream projects are commissioned, cold rolling capacity will account for 64 per cent of total melt capacity, supporting higher realisation and market diversification. The company is targeting sales of approximately three point five MTPA by FY29 and expects to deliver double-digit per cent compound annual growth over the next three years. Jindal Stainless reported an annual turnover of Rs 401.82 bn in FY25 and the management highlighted a focus on integrated operations, electric arc furnace based manufacturing and expansion into key export markets. The company expects the new capacities to strengthen its presence in export markets including US, Germany, Italy, South Korea and Japan. It also remains committed to greener operations through electric arc furnace based production and recycling of scrap.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code