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
Infrastructure Transport

Innovision Wins NHAI Toll Collection Contract at Aashpur Fee Plaza

Innovision Limited has informed stock exchanges that it has been awarded a user fee collection and facility maintenance contract by the National Highways Authority of India (NHAI). The letter of award was issued on 10 August 2026 for operations at Aashpur Fee Plaza at design kilometre 231.100 on National Highway number 91 between Aligarh and Kanpur in Uttar Pradesh. The engagement covers collection of user fees for four and more lane sections and the upkeep and maintenance of adjacent toilet blocks including replenishment of consumable items. The contract was secured through a competitive e-te..

Next Story
Infrastructure Urban

Bharat Electronics Secures Rs.5,410 mn In Orders

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured additional orders worth Rs.5,410 million (mn) since the last disclosure on 31 July 2026. The fresh awards raise the company's recently reported intake and were announced by way of a regulatory filing on 10 August 2026. The orders span multiple business verticals and are incremental to contracts already under execution. The update follows the company's routine disclosure obligations to the stock exchanges. Major orders received include communication equipment, electro optics, ammunition fuzes, Chemical B..

Next Story
Infrastructure Urban

United Drilling Tools Receives US Order For Gas Lift Mandrel

United Drilling Tools Limited said it has received an order from Tri Lift Services Inc of the United States for the supply of a gas lift mandrel to be used in the oil and gas industry. The company said the disclosure was made to listing authorities under the Securities and Exchange Board of India listing rules and the SEBI master circular of November 2024. The notice set out the nature of the contract as commercial and awarded by an international entity. The order is to be executed in the ordinary course of business and carries an estimated contract value of Rs four point eight three million (..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement