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Jindal Stainless Invests ₹900 Crore to Boost Cold Rolling Capacity

Jindal Stainless Invests ₹900 Crore to Boost Cold Rolling Capacity
Jindal Stainless investing ₹900 cr to boost cold rolling capacity to 2.67 MT by FY28 · thehindubusinessline.com

Jindal Stainless is a company that makes stainless steel.

Stainless steel is used to make things like cars, kitchen appliances, and machines.

The company is spending ₹900 crore to make a special type of steel called cold-rolled steel.

Cold rolling makes steel stronger, smoother, and better for things that need to be very precise.

The money will be used to improve its factories in Hisar, Kharagpur, and Jajpur.

The company also plans to build a much bigger new factory in Maharashtra that will cost about ₹40,000 crore.

That new factory will make special steel for exciting areas like nuclear energy, defence, and infrastructure.

Last year, the company earned a lot more money and sold a record amount of steel.

It also cares about the environment by using clean energy at its factories and recycling old steel.

Key facts

Investment
₹900 crore
Cold rolling capacity
2.05 MTPA to 2.67 MTPA by FY28
FY26 consolidated revenue
₹42,955 crore
FY26 EBITDA
₹5,560 crore (up 19.2% year-on-year)
FY26 profit after tax
₹3,185 crore (up 27.4%)
Finished goods sales volume
Record 2.57 million tonnes
Renewable electricity share (Hisar & Jajpur)
Nearly 47% in FY26
Net debt-to-equity ratio
0.15x

Quotes

Abhyuday Jindal

Managing Director of Jindal Stainless

“Our ₹900 crore investment across Hisar and Kharagpur, along with new hot rolled annealing, pickling, and cold rolling facilities at Jajpur, will support a higher-value mix for automotive, appliances, food processing, and industrial applications”
thehindubusinessline.com

Sources

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