Jindal India announces ₹1,500 crore capex to boost steel capacity – CNBC TV18

Jindal India announces ₹1,500 crore capex to boost steel capacity – CNBC TV18

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Jindal India Limited, one of the leading players in India’s downstream steel industry, has revealed plans for a ₹1,500 crore capital expenditure to significantly increase its production capacity. This move is set to boost the company’s capacity by 60%, adding 0.6 million metric ton (MT) to its existing 1 million MT per annum.

The expansion will focus on coated flat products, hollow section pipes for construction, and crash barriers, all essential components in the growing infrastructure and renewable energy sectors.

The new production lines, expected to be fully operational by FY26, will be located at Jindal India’s Ranihati manufacturing facility in Howrah, West Bengal. The expansion will be facilitated by advanced equipment from global manufacturers such as John Cockerill and Esmech Equipment (SMS Group).

With this investment, Jindal India aims to modernise its facilities and diversify its product offerings to capture new markets like solar energy and home appliances, while contributing to the government’s vision of import substitution.

Also read: BC Jindal Group’s Jindal India Renewable Energy announces 1 GWh BESS foray

“Our strategic expansion is in line with government’s thrust for infrastructure development. The increased focus on rapidly augmenting the nation’s highway network with critical safety components such as crash barriers is a key area where Jindal India has been adding value,” Jindal India’s spokesperson said.

The company also plans to strengthen its position in the domestic market for colour-coated sheets and explore new opportunities in solar mounting structures.

Founded in 1952 and part of the ₹18,000 crore B.C. Jindal Group, the company has two major factories in West Bengal. In addition to serving the Indian market, Jindal India exports steel products to Latin America and the Far East, making it a key player in both the domestic and international steel industries.

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