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

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..