Jindal Steel units plan Rs 900 cr capacity, 21 mt target by 2032

Jindal Steel and its group company Jindal Stainless have announced separate expansions. V.R. Sharma, managing director of Jindal Steel, said the steelmaker aims to reach 20-21 million tonnes of capacity by 2032, focusing on specialised steel for sectors such as nuclear power and shipping. Livemint reports the company is not chasing volume for its own sake and will develop leadership internally rather than relying on external hires.

Jindal Stainless is investing Rs 900 crore to increase its cold rolling capacity from 2.05 MTPA to 2.67 MTPA by FY28, the Economic Times reports. Managing director Abhyuday Jindal said the investment across Hisar, Kharagpur, and Jajpur will support demand from automotive, appliances, and food processing. The company is also identifying a site for a proposed Rs 40,000 crore stainless steel facility in Maharashtra to produce specialised grades for hydrogen, nuclear energy, and defence.

Jindal Stainless reported consolidated revenue of Rs 42,955 crore for FY26, with profit after tax growing 27.4 per cent to Rs 3,185 crore. Sharma said Jindal Steel is not worried about the EU carbon tax as its electric arc furnaces emit about one tonne of CO2 per tonne of steel, below the EU benchmark of 1.3 tonnes.