3 weeks ago
Jindal Stainless to pick Maharashtra site for ₹40,000-crore plant
Jindal Stainless is a company that makes stainless steel, and it is the biggest such company in India.
It wants to build a huge new factory in Maharashtra, a state in India.
The factory would cost ₹40,000 crore, which is an enormous amount of money.
It would be able to make 4 million tonnes of steel every year.
The factory will be built in stages, and the first part could start working within the next four years.
Right now, the company is still looking for the best piece of land to build on.
Its chief executive, Tarun Khulbe, says they should decide on the location in the next few months.
The steel made there will be used for special projects like hydrogen energy, nuclear power, and defence.
The Maharashtra government has promised to help by speeding up permits, approvals, and incentives.
Jindal Stainless is scouting several land options in Maharashtra for a proposed ₹40,000-crore stainless steel manufacturing facility.
CEO Tarun Khulbe said clarity on the site is expected within the next one or two quarters.
The proposed facility will have a total capacity of 4 million tonnes per annum, built in phases, with the first phase expected to be operational within four years.
The plant will produce specialised grades of steel for sectors such as hydrogen, nuclear energy, defence, mobility, infrastructure, and process industries.
The Maharashtra government will expedite permissions, registrations, approvals, clearances, and fiscal incentives, taking Jindal Stainless's total Indian capacity to 7 MTPA.
- Who
- Jindal Stainless Ltd (JSL), India's largest stainless steel manufacturer, led by CEO Tarun Khulbe.
- What
- The company is identifying a site for a proposed ₹40,000-crore stainless steel manufacturing facility in Maharashtra.
- Where
- Maharashtra, India.
- When
- Site clarity is expected within the next one or two quarters; the announcement was published on August 9, 2026.
- Why
- To add 4 MTPA of capacity, taking the company's total Indian capacity to 7 MTPA, and to produce specialised steel for emerging sectors such as hydrogen, nuclear energy, and defence.
Key facts
- Company
- Jindal Stainless Ltd (JSL)
- Investment
- ₹40,000 crore
- Proposed Location
- Maharashtra, India
- Planned Capacity
- 4 million tonnes per annum (MTPA)
- Current Capacity
- 3 MTPA across plants in Hisar (Haryana) and Jajpur (Odisha)
- Capacity After Project
- 7 MTPA in India
- First Phase Timeline
- Expected to be operational within the next four years
- Government Support
- Maharashtra government to expedite permissions, registrations, approvals, clearances, and fiscal incentives
Quotes
Tarun Khulbe
Chief Executive Officer of Jindal Stainless
“"It is taking a bit of time, but...we are progressing in that direction," he said”
thehindubusinessline.com
thehansindia.com
Sources
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