Jindal Stainless to invest Rs 1 bn in Rathi Super Steel for infra expansion

18 Sep 2023 CW Team

Abhyuday Jindal, the Managing Director of Jindal Stainless, shared, "This marks our initial foray into the realm of long products, primarily driven by the nation's emphasis on infrastructure development."

The company intends to enhance Rathi Super Steel's annual production capacity from its current 150,000 tonnes to approximately 200,000 tonnes. Currently, only a modest 2-5% of Jindal Stainless' product portfolio is relevant to the infrastructure sector. However, the company has ambitious plans to increase this proportion to 15-20% within the next two to three years, positioning itself as a significant player in this domain.

Jindal Stainless has historically focused on flat stainless steel products, whereas the infrastructure sector relies on long products such as wire rods, bars, and re-bars. The Rs 1 billion investment in Rathi Super Steel will be channelled toward expanding production capacity and enhancing plant quality to accommodate products essential for the infrastructure segment.

Presently, the plant primarily manufactures low-value wire rods, but Jindal Stainless aims to diversify its offerings to include bars and re-bars, which are critical components in railway, bridge, and infrastructure projects, particularly in coastal regions. Notably, the central government is contemplating the mandatory use of stainless steel in bridges near coastal areas to mitigate corrosion-related bridge weakening. Such a policy could significantly boost demand for Jindal Stainless' products, according to a senior executive within the company. The executive remarked, "As the emphasis on quality of life gains prominence, infrastructure projects will increasingly incorporate stainless steel, driving its usage higher."

Keywords –

Jindal Stainless is set to invest Rs 1 billion in Rathi Super Steel over the next two years, aiming to expand its presence in the infrastructure sector over the medium term. Earlier this year, Jindal Stainless acquired Rathi Super Steel, which was grappling with debt issues, for approximately Rs 2 billion through the debt resolution process.Abhyuday Jindal, the Managing Director of Jindal Stainless, shared, This marks our initial foray into the realm of long products, primarily driven by the nation's emphasis on infrastructure development.The company intends to enhance Rathi Super Steel's annual production capacity from its current 150,000 tonnes to approximately 200,000 tonnes. Currently, only a modest 2-5% of Jindal Stainless' product portfolio is relevant to the infrastructure sector. However, the company has ambitious plans to increase this proportion to 15-20% within the next two to three years, positioning itself as a significant player in this domain.Jindal Stainless has historically focused on flat stainless steel products, whereas the infrastructure sector relies on long products such as wire rods, bars, and re-bars. The Rs 1 billion investment in Rathi Super Steel will be channelled toward expanding production capacity and enhancing plant quality to accommodate products essential for the infrastructure segment.Presently, the plant primarily manufactures low-value wire rods, but Jindal Stainless aims to diversify its offerings to include bars and re-bars, which are critical components in railway, bridge, and infrastructure projects, particularly in coastal regions. Notably, the central government is contemplating the mandatory use of stainless steel in bridges near coastal areas to mitigate corrosion-related bridge weakening. Such a policy could significantly boost demand for Jindal Stainless' products, according to a senior executive within the company. The executive remarked, As the emphasis on quality of life gains prominence, infrastructure projects will increasingly incorporate stainless steel, driving its usage higher.Keywords –

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Resources

16 Sep 2025

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Real Estate

16 Sep 2025

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..