Jindal India to invest ₹1,500 crore in expanding its manufacturing capacity

Jindal India plans to invest ₹1,500 crore to boost annual production capacity to 1.6 million tonnes, focusing on critical infrastructure components.

Leading company in India’s downstream steel sector, Jindal India Limited, revealed plans to invest ₹1,500 crore to increase its 1.6 million tonne yearly production capacity. Its present annual output of one million metric tonnes will increase by 0.6 million metric tonnes due to this strategic expansion, which will raise production capacity by 60 percent.

Production is scheduled to start in the current fiscal year, and the expansion, which focusses on coated flat products, pipes, and crash barriers, is anticipated to be finished by the financial year 2025–2026. At the company’s Ranihati manufacturing site in Howrah, West Bengal, the new production lines will be constructed. They will make use of cutting-edge machinery from leading international manufacturers like John Cockerill and Esmech Equipment (SMS Group).

Jindal India wants to support the government’s import substitution strategy by modernising its facilities, expanding into new areas like solar energy and home appliances, and broadening its product line. It is in line with the company’s strategic aims to place more focus on adding vital safety elements, such crash barriers, to the country’s highway network.

Jindal India, a 52-year-old company that is a part of the ₹18,000 crore B.C. Jindal Group, also intends to investigate prospects in solar mounting systems and enhance its market share in the domestic color-coated sheet market. The company has established itself as a major participant in the domestic and international steel markets by exporting steel products to countries such as Latin America and the Far East, from its two major mills located in West Bengal.

For more details, visit: https://www.jindalsteel.com/

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