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Jindal Stainless
Jindal Stainless on Monday said it has set up a steel fabrication unit in Maharashtra, with an initial investment of Rs 125 crore, aimed at catering to the country's infrastructure sector. The unit will fabricate critical components, including bridge girders, among others, to support advanced infrastructure development in India, the company said in a statement. By FY26-27, the unit is expected to achieve an annual fabrication capacity of 18,000 tonnes, up from an estimated 4,000 tonnes in the current financial year, to meet the growing demand for sustainable, high-quality bridge infrastructure. Spread over an area of 4 lakh square feet, the facility has been set up through subsidiary Jindal Stainless Steelway Limited (JSSL) at Patalganga in Mumbai with an initial investment of around Rs 125 crore. "The fabrication unit is another step in our efforts to provide integrated solutions for customers. Bridges are critical connectors, linking people, businesses, and economic activity acro
Jindal Stainless on Thursday said it is in the process of investing Rs 700 crore in decarbonisation initiatives and has reduced 3,18,248 metric tonnes of CO2 emissions in FY25. The company is taking multiple steps to reduce carbon footprints, including Odisha's largest captive solar plant, Jindal Stainless Ltd (JSL) said in a statement. "Over the next few years, JSL plans to invest Rs 700 crore in its decarbonisation initiatives, including Odisha's largest captive solar plant, energy efficiency upgrades, digitisation of our supply chain for greater transparency, and community development initiatives in education, healthcare, and skilling around our plants," it added. In FY25, JSL achieved a 14 per cent year-on-year reduction in CO2 emissions, avoiding approximately 3,18,248 metric tonnes (MT) of carbon footprint compared to FY24. For FY26, the company's focus is to build on this momentum and further reduce emissions, as was achieved for FY25 in terms of emission reductions compared
Jindal Stainless on Wednesday reported a 10.61 per cent year-on-year (y-o-y) rise in consolidated net profit to Rs 714.66 crore for the April-June quarter of 2025-26, mainly on account of improved operational efficiencies coupled with higher income. Jindal Stainless, which is the largest Indian stainless steel company, had logged a net profit of Rs 646.07 crore in April-June 2024-25, the company said in an exchange filing. In the first quarter, the company's consolidated total income rose to Rs 10,276.01 crore from Rs 9,480.50 crore in the June quarter of 2024-25. Expenses were at Rs 9,293.30 crore as against Rs 8,593.13 crore in year ago period. In a separate statement, the company said its consolidated net debt was at Rs 3,869 crore, while the net debt-to-equity ratio was at 0.2x. "The company's agility in balancing demand across domestic and export markets, its focus on product innovation across sectors including increased emphasis on value-added segments and downstream offerin
Jindal Stainless is "serious about Maharashtra" and is engaged in discussions with the state government to acquire a land parcel for its proposed Rs 40,000-crore stainless steel manufacturing facility, its MD Abhyuday Jindal said. At present, Jindal Stainless has a capacity of 3 million tonnes per annum at its two plants in Hisar (Haryana) and Jajpur (Odisha). The company is in the process of ramping up capacity to 4.2 MT by FY27. In an interview to PTI, Jindal said, "We are very serious about the investment. Currently, we are in discussions with the state government for acquisition of land." He made the remarks in reply to a question seeking an update on the agreement signed with the Maharashtra government in March this year. On the capex for FY26, Jindal said it has been fixed at Rs 2,700 crore, which includes Rs 1,000 crore spillover of FY25. In FY25, the company's capex guidance was Rs 5,500 crore but it translated into Rs 4,500 crore. So the remaining has been added to FY26.