Jindal Stainless eyes ₹2,600-cr capex to double melting capacity.

Jindal Stainless Ltd. (JSL), the country’s largest stainless steel maker, is eyeing a near doubling of capacity to 2.9 million tonnes per annum (mtpa), at an estimated capex outlay of ₹2,600 crore.

The capacity expansion plan will take place across facilities of Jindal Stainless at the Jajpur and Hisar facilities of Jindal Stainless (Hisar) Ltd. (JSHL). Merger of JSHL into JSL is expected by end of this fiscal and capacity addition will be completed around that time.

According to Abhyuday Jindal, Managing Director, JSL will nearly double melting capacity from 1.10 mtpa to 2.1 mtpa by this fiscal-end. In Hisar, the precision strip capacity is being expanded three fold, from 22,000 tonnes per annum to 60,000 tonnes per annum; while blade steel capacity is being expanded to 24,000 tonnes per annum from the existing 14,000 tonnes, up by nearly 1.7 times.

HBL