India’s stainless steel giant Jindal Stainless is sharpening its global edge with the early commissioning of a 1.2 million ton per annum (MTPA) stainless steel melt shop (SMS) in Indonesia. Developed through its joint venture, the new facility signals a decisive push toward securing raw materials while scaling international operations.
This addition elevates the company’s total melting capacity to 4.2 MTPA, with 3 MTPA anchored in India. The move comes less than two years after the company outlined an ambitious 40 per cent expansion plan, underscoring a rapid execution strategy aligned with rising global demand.
Back home, the expansion narrative continues to unfold with significant downstream investments. At its Jajpur facility in Odisha, Jindal Stainless is preparing to commission a 1.1 MTPA Hot Rolled Annealed Pickled (HRAP) line by Q4 FY27, alongside a 0.17 MTPA cold rolling unit expected by Q2 FY27. These projects are part of the previously announced Rs 1,900 crore capital expenditure plan.
In a further boost to its downstream capabilities, the company has earmarked an additional Rs 900 crore investment for facilities in Hisar and Kharagpur, targeted for commissioning by Q2 FY28. These enhancements are designed to expand the production of thinner, value-added cold rolled products—critical for high-growth sectors such as automotive, infrastructure, and consumer durables.
With these developments, Jindal Stainless aims to increase its cold rolling capacity from 2.05 MTPA in FY26 to 2.67 MTPA by FY28. Once all projects are operational, cold rolling will constitute nearly 64 per cent of the company’s total melt capacity, reflecting a strategic shift toward higher value-added offerings.
Looking ahead, the company is targeting a sales volume of approximately 3.5 MTPA by FY29, backed by a projected double-digit CAGR over the next three years.
Commenting on this milestone, Abhyuday Jindal, Managing Director, Jindal Stainless said,
“The commissioning of the Indonesia facility ahead of schedule, alongside a significant push in downstream capabilities, reflects our commitment to raw material security and integrated approach to growth. While expanding our production footprint, we are equally focused on enhancing value addition through a stronger portfolio of thinner cold-rolled products. Collectively, these efforts will enable us to better serve evolving market needs and reinforce our position on the global stainless steel map.”
Commenting on this development,Tarun Khulbe, CEO, Jindal Stainless said,
“Expansion in melt capacity and corresponding strengthening of downstream facilities speaks volumes about our commitment to fuel the Indian growth story. Our capacity and production enhancements are in line with the robust domestic potential of our country. With the activation of new capacities, we will unlock the next phase of growth for Jindal Stainless, strengthening our vision to build world-class capabilities in stainless steel.”
With a calibrated balance between upstream expansion and downstream value addition, Jindal Stainless is positioning itself not just as a volume leader, but as a technology-driven, globally competitive stainless steel player. Its growing footprint across key markets—including the US, Germany, Italy, South Korea, and Japan—further reinforces its ambition to be a dominant force on the international stage.