+
Jindal Stainless Unveils Rs 54 Bn Expansion
ECONOMY & POLICY

Jindal Stainless Unveils Rs 54 Bn Expansion

Jindal Stainless has revealed a mammoth expansion plan involving an investment of Rs 54 billion. This strategic move aims to bolster the company's production capacity and solidify its position as a key player in the stainless steel industry.

The expansion initiative underscores Jindal Stainless' commitment to meeting the growing demand for stainless steel products in India and globally. By investing in modern technologies and advanced manufacturing processes, the company aims to enhance efficiency and productivity across its facilities.

The Rs 5400 crore investment will be directed towards augmenting production capacities in various locations, including Odisha, Gujarat, and Haryana. This expansion plan aligns with Jindal Stainless' long-term strategic vision of driving sustainable growth and value creation for stakeholders.

Abhyuday Jindal, Managing Director of Jindal Stainless, emphasised the significance of sustainable development and innovation in driving the company's expansion efforts. He highlighted Jindal Stainless' commitment to adopting eco-friendly practices and responsible production methods to minimise environmental impact.

The expansion project is expected to generate significant employment opportunities and contribute to economic growth in the regions where Jindal Stainless operates. It reflects the company's proactive approach to capitalising on emerging market opportunities and strengthening its competitive position.

With this substantial investment, Jindal Stainless aims to capitalise on the growing demand for stainless steel products and cement its position as a leader in the industry. The expansion initiative underscores the company's resilience and determination to drive growth amidst evolving market dynamics.

Jindal Stainless has revealed a mammoth expansion plan involving an investment of Rs 54 billion. This strategic move aims to bolster the company's production capacity and solidify its position as a key player in the stainless steel industry. The expansion initiative underscores Jindal Stainless' commitment to meeting the growing demand for stainless steel products in India and globally. By investing in modern technologies and advanced manufacturing processes, the company aims to enhance efficiency and productivity across its facilities. The Rs 5400 crore investment will be directed towards augmenting production capacities in various locations, including Odisha, Gujarat, and Haryana. This expansion plan aligns with Jindal Stainless' long-term strategic vision of driving sustainable growth and value creation for stakeholders. Abhyuday Jindal, Managing Director of Jindal Stainless, emphasised the significance of sustainable development and innovation in driving the company's expansion efforts. He highlighted Jindal Stainless' commitment to adopting eco-friendly practices and responsible production methods to minimise environmental impact. The expansion project is expected to generate significant employment opportunities and contribute to economic growth in the regions where Jindal Stainless operates. It reflects the company's proactive approach to capitalising on emerging market opportunities and strengthening its competitive position. With this substantial investment, Jindal Stainless aims to capitalise on the growing demand for stainless steel products and cement its position as a leader in the industry. The expansion initiative underscores the company's resilience and determination to drive growth amidst evolving market dynamics.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?