Archive · 16 Aug 2026
Jindal Stainless Invests ₹900 Crore to Boost Cold Rolling Capacity
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.
Jindal Stainless is investing ₹900 crore to raise its cold rolling capacity from 2.05 MTPA to 2.67 MTPA by FY28.
The investment covers Hisar, Kharagpur, and new hot rolled annealing, pickling, and cold rolling facilities at Jajpur.
In FY26, the company reported consolidated revenue of ₹42,955 crore, EBITDA up 19.2% to ₹5,560 crore, and profit after tax up 27.4% to ₹3,185 crore.
The company is identifying a site for a proposed ₹40,000-crore stainless steel facility in Maharashtra for sectors including hydrogen, nuclear energy, defence, and mobility.
Renewable sources accounted for nearly 47% of electricity consumed at its Hisar and Jajpur facilities in FY26, with about 70% recycled scrap utilisation.
- Who
- Jindal Stainless, led by Managing Director Abhyuday Jindal
- What
- Investing ₹900 crore to expand cold rolling capacity from 2.05 MTPA to 2.67 MTPA by FY28 and scouting a site for a ₹40,000-crore stainless steel facility in Maharashtra
- When
- Announced in the company's FY26 annual report, published August 16, 2026; capacity expansion targeted by FY28
- Where
- Company facilities at Hisar, Kharagpur, and Jajpur in India, with a proposed new facility in Maharashtra
- Why
- To meet rising demand from automotive, appliances, food processing, and industrial sectors and to support import substitution
- 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