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BUSINESS

Jindal India Announces Rs 1,500 Crore Capex to Boost Steel Capacity

New production lines at Jindal India's Ranihati facility in Howrah, West Bengal, are expected to be fully operational by FY26.

Jindal India Limited, a key player in the downstream steel industry, has announced a Rs 1,500 crore capital expenditure to boost its production capacity by 60%, adding 0.6 million metric tons (MT) to its current 1 million MT per annum.

This investment is expected to boost the company’s capacity by 60%. This will be adding 0.6 million metric tons (MT) to its existing 1 million MT per annum.

The expansion will target coated flat products, hollow section pipes for construction, and crash barriers, which are crucial for the infrastructure and renewable energy sectors.

New production lines at Jindal India’s Ranihati facility in Howrah, West Bengal, are expected to be fully operational by FY26, with advanced equipment from global manufacturers like John Cockerill and Esmech Equipment (SMS Group).

With this investment, the firm aims to modernise its facilities, diversify its product range, and capture new markets like solar energy and home appliances, supporting the government’s import substitution goals.

They are planning to strengthen their domestic presence in colour-coated sheets, explore opportunities in solar mounting structures, and contribute to infrastructure development, particularly with crash barriers for highways.

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