Jindal Stainless to Invest ?40,000 Cr in Maharashtra

29 Mar 2025 CW Team

The proposed plant will feature a total melting capacity of 4 million tonnes per annum (MTPA) and is set to be constructed in phases. The initial phase is expected to become operational within the next four years. Once fully functional, the facility is projected to generate employment for over 15,000 individuals, contributing significantly to the local economy. ?

Ratan Jindal, Chairman of JSL, emphasized the strategic importance of this investment, stating, "Our proposal to invest in Maharashtra reflects our commitment towards making India Atmanirbhar in stainless steel production and reducing our dependence on imports." The new facility aims to set benchmarks in technology, sustainability, and product excellence, catering to both established and emerging industries critical to India's future development. ? Business News India

The Maharashtra government has pledged support for the project by facilitating necessary permissions, registrations, approvals, and clearances, as well as offering fiscal incentives from relevant state departments. This collaboration underscores a shared commitment to advancing industrial growth and economic development in the region. ? Business News India

This ambitious initiative aligns with JSL's broader expansion strategy. In May 2024, the company announced a ?5,400 crore investment plan to increase its melting and downstream capacities. This included a joint venture in Indonesia for a 1.2 MTPA stainless steel melt shop, expansion of downstream lines in Jajpur, Odisha, and the acquisition of a 54% equity stake in Chromeni Steels in Mundra, Gujarat. ? Jindal Stainless

Through these strategic investments, Jindal Stainless is poised to strengthen its position as a global leader in stainless steel production, driving innovation, sustainability, and economic growth in India and beyond.

Jindal Stainless Ltd (JSL) has unveiled plans to invest ?40,000 crore in establishing a stainless steel manufacturing facility in Maharashtra. The proposal, recently approved by the state's cabinet subcommittee, outlines a decade-long development strategy aimed at bolstering India's self-reliance in stainless steel production. ? The proposed plant will feature a total melting capacity of 4 million tonnes per annum (MTPA) and is set to be constructed in phases. The initial phase is expected to become operational within the next four years. Once fully functional, the facility is projected to generate employment for over 15,000 individuals, contributing significantly to the local economy. ? Ratan Jindal, Chairman of JSL, emphasized the strategic importance of this investment, stating, Our proposal to invest in Maharashtra reflects our commitment towards making India Atmanirbhar in stainless steel production and reducing our dependence on imports. The new facility aims to set benchmarks in technology, sustainability, and product excellence, catering to both established and emerging industries critical to India's future development. ? Business News India The Maharashtra government has pledged support for the project by facilitating necessary permissions, registrations, approvals, and clearances, as well as offering fiscal incentives from relevant state departments. This collaboration underscores a shared commitment to advancing industrial growth and economic development in the region. ? Business News India This ambitious initiative aligns with JSL's broader expansion strategy. In May 2024, the company announced a ?5,400 crore investment plan to increase its melting and downstream capacities. This included a joint venture in Indonesia for a 1.2 MTPA stainless steel melt shop, expansion of downstream lines in Jajpur, Odisha, and the acquisition of a 54% equity stake in Chromeni Steels in Mundra, Gujarat. ? Jindal Stainless Through these strategic investments, Jindal Stainless is poised to strengthen its position as a global leader in stainless steel production, driving innovation, sustainability, and economic growth in India and beyond.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..