Jindal Stainless commissions Indonesian SMS facility and commits ₹900 crore investment
Jindal Stainless · Ferrous Metals
Key highlights
- Commissioned 1.2 MTPA stainless steel melt shop in Indonesia ahead of schedule, total melt capacity rising to 4.2 MTPA by FY27
- Committed ₹900 crore for augmenting cold rolling capacities at Hisar and Kharagpur, to be commissioned by Q2FY28
- Targeting 3.5 MTPA sales volume by FY29 with double-digit CAGR, expanding cold rolling capacity from 2.05 to 2.67 MTPA by FY28
Why it's rated notable: amount is ₹500 crore or more
Original filing
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Jindal Stainless
- Acquisition / mergerNotableJindal Stainless Limited approves Q2 FY2026 financial results and merger scheme
- Dividend / buyback / bonusNotableJindal Stainless reports FY26 consolidated net revenue of ₹42,955 crore, 9.3% up
- Capex / expansionMajor development· Adverse for the businessJindal Stainless discloses Middle East war impact on operations and supply chain
Other capex / expansion filings this fortnight
- Maharaja & Speedex India Limited raises manufacturing capacity to 72 lakh units/year
- Elin Electronics Q2 FY27 earnings report with 10% revenue growth and margin update
- HOAC Foods India Limited H1 FY27 Earnings Call Transcript dated November 5, 2026
- Gujarat State Fertilizers & Chemicals Limited Q2 FY27 Earnings Call Highlights
- Supriya Lifescience H1 revenue up 14.8% to ₹396.04 crore; Q2 profit falls
- V-MARC India Ltd announces Q2 & H1 FY27 unaudited financial results and review report
Potential multibaggers · Q2 FY27
Potential multibaggers in Ferrous Metals
on management's own guidance
- Jindal SteelGood growth2
- Strong growth1
- Jai Balaji IndustriesGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.