Jindal Stainless has commissioned a 1.2 million tonnes per annum (MTPA) stainless steel melt shop (SMS) in Indonesia through its joint venture, ahead of schedule, less than two years after announcing a 40% expansion in its melting capacity. 

With the commissioning of the new facility, the company's total melting capacity will increase to 4.2 MTPA, including 3 MTPA in India. 

As part of its broader expansion strategy, the company is also preparing to commission a 1.1 MTPA Hot Rolled Annealed Pickled line and 0.17 MTPA of cold rolling capacity at its Jajpur plant in Odisha by Q4FY27 and Q2FY27, respectively. These projects are part of an earlier announced investment of ₹1,900 crore. 

In addition, the company has earmarked a fresh investment of ₹900 crore to further strengthen cold rolling capacities at its Hisar and Kharagpur facilities, which are expected to be operational by Q2FY28. 

Expansion of downstream facilities

The expansion of downstream facilities will enable the production of thinner cold rolled products aimed at high-growth sectors. Following the planned additions, cold rolling capacity is expected to increase from 2.05 MTPA in FY26 to 2.67 MTPA by FY28, a rise of 0.62 MTPA. Once all projects are completed, cold rolling capacity will account for 64% of the company’s total melt capacity. 

Company targets sales volume of 3.5 MTPA by FY29

The company is targeting sales volume of 3.5 MTPA by FY29, implying a double-digit compound annual growth rate over the next three years. 

Abhyuday Jindal said the early commissioning of the Indonesia facility, along with the expansion of downstream capabilities, reflects the company’s focus on raw material security and integrated growth. 

“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,” he said. 

Tarun Khulbe added that the capacity expansion aligns with India’s strong domestic growth potential and will help the company enter its next phase of growth. 

“Expansion in melt capacity and corresponding strengthening of downstream facilities speaks volumes about our commitment to fuel the Indian growth story,” he said. 

The company said it remains focused on building a value-driven stainless steel portfolio while expanding its global footprint across key markets, including the US, Germany, Italy, South Korea, and Japan.