"Jindal India to Invest ₹1,500 Crore to Expand Production Capacity"

Jindal India, a prominent player in the downstream steel sector, announced plans to invest ₹1,500 crore to boost its annual production capacity to 1.6 million tonnes. The expansion will focus on manufacturing coated flat products, pipes, and crash barriers, according to a company statement.

The company stated, "Jindal India announces a capex spend of over ₹1,500 crore to effect a strategic capacity expansion of 0.6 million MT, representing a 60% increase from its current capacity of 1 million metric tonnes per annum." The expansion is expected to be completed by the financial year 2025-26, with production slated to begin in the current fiscal year.

A key aspect of this expansion is the focus on enhancing the nation’s highway infrastructure with critical safety components like crash barriers, a move that Jindal India sees as vital for adding value to the industry.

Part of the B C Jindal Group, Jindal India Limited specializes in manufacturing colour-coated and galvanized steel sheets and coils, cold rolled steel, and electric resistance welded (ERW) galvanized products, among others.

BS