3 days ago
Jindal Stainless Raises Coin Blank Capacity as Global Demand Grows
Jindal Stainless makes round metal pieces that mints turn into coins.
These pieces are called coin blanks.
The company plans to make 12,000 tonnes of them each year instead of 10,000 tonnes.
Its factory in Hisar supplies mints in India and other countries.
The company expects more people and countries to want metal currency.
It says stainless steel can have a lower carbon footprint than some alternatives.
Each mint gives exact instructions for the size and metal mixture it needs.
The factory is also planning to use more green energy.
Jindal Stainless plans to increase annual coin blank capacity by 20%, from 10,000 to 12,000 tonnes.
Its Hisar Special Products Division supplies unstamped coin blanks to Indian and several international mints.
The company says demand is rising for non-paper currency, partly because stainless steel has a lower carbon footprint.
Coin blanks are customized to each mint’s specifications, including size, thickness, shape, and alloy composition.
The Hisar facility is also increasing green energy use to 80% this year from 70%.
- Who
- Jindal Stainless, including officials from its Hisar Special Products Division.
- What
- The company is increasing annual coin blank manufacturing capacity by 20%, from 10,000 to 12,000 tonnes.
- Where
- The coin blanks are made at Jindal Stainless’s Special Products Division in Hisar, Haryana, and supplied to mints in several countries.
- When
- The expansion was reported on August 30, 2026; the company said green energy use would rise to 80% this year.
- Why
- The company anticipates rising demand for non-paper currency, cites stainless steel’s lower carbon footprint, and seeks new international orders and markets.
Key facts
- Capacity increase
- Annual coin blank capacity will rise from 10,000 to 12,000 tonnes.
- Percentage increase
- The planned expansion represents a 20% increase.
- Customers
- The company supplies Indian, French, Finnish, Polish, Dutch, United Kingdom, Malaysian, and Slovak mints.
- Customization
- Products are made to specifications covering size, diameter, thickness, shape, and alloy composition.
- Facility
- Coin blanks are produced at the Special Products Division in Hisar under high-security arrangements.
- Green energy
- The Hisar plant plans to increase green energy use from 70% to 80% this year.
- Other products
- The division also makes razor blades and precision strips.
Quotes
Vijay Bindlish
Unit Head of Jindal Stainless’s Hisar facility
“We are aiming for more such orders from across the world as we see demand rising due to the lower carbon footprint aspect of stainless steel manufacturing. We are expecting work orders of the denominations which we are not manufacturing for them currently. Being a major player in this field, we are also looking to enter new markets.”
thehindubusinessline.com
“Many would not know that we manufacture coins blanks for Indian Mint as well as various international mints.”
thehindubusinessline.com
Sources
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