# Jindal Stainless profit up 7.6 pc, plans Rs 40,000 cr plant

2026-08-08T19:42:48+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Jindal Stainless reported a 7.6 per cent rise in net profit to Rs 769 crore for the June quarter, with revenue up 10.5 per cent to Rs 11,279 crore. The company cited strong demand from automotive, infrastructure, and consumer sectors, though supply chain pressures persisted. Exports remained stable at 11 per cent of sales. Separately, Jindal Stainless is scouting a site in Maharashtra for a proposed Rs 40,000-crore stainless steel plant with a capacity of 4 million tonnes per annum. CEO Tarun Khulbe said land acquisition clarity may come in one or two quarters. The facility will produce specialised steel for hydrogen, nuclear energy, and defence. The Maharashtra government has promised fast approvals and fiscal incentives.

## Coverage

- thehindu.com <https://www.thehindu.com/business/jindal-stainless-q1-net-profit-rises-76-to-769-crore/article71302037.ece>
- economictimes.indiatimes.com <https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jindal-stainless-scouting-maharashtra-site-for-rs-40000-crore-plant/articleshow/133062761.cms>

Tags: demand, exports, Jindal Stainless, net profit, quarterly results, steel industry
Canonical: https://indianopinion.org/jindal-stainless-q1-net-profit-up-7-6-to-rs-769-crore/
License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources.
Cite: https://indianopinion.org/jindal-stainless-q1-net-profit-up-7-6-to-rs-769-crore/#story-in-brief

Review state: restored archive article, accurate at time of publication, not offered to search indexes.