Jindal Steel

Jindal Stainless is in the process of identifying a site for its proposed Rs 40,000-crore stainless steel manufacturing facility in Maharashtra, the company's CEO Tarun Khulbe said. "It is taking a bit of time, but...we are progressing in that direction," he said, replying to a question related to land acquisition for the said project. There will be clarity, maybe in another one or two quarters, and then the company comes out with its plans, Khulbe said. The company is scouting for several land options in the state, he added. According to the company, the proposed stainless steel facility will have a total capacity of 4 million tonnes per annum and will be constructed in phases, with the first phase expected to be operational in the next four years. Jindal Stainless Ltd (JSL) will also produce specialised grades of steel for critical applications in emerging sectors such as hydrogen, nuclear energy, defence, mobility, infrastructure, and process industries. The government of ...

Consolidated revenue from operations rose 25.9 per cent and steel sales grew 17.4 per cent, but higher material, finance and depreciation costs weighed on earnings

Jindal Stainless on Monday said Kunjal Mehta has been appointed the Chief Financial Officer (CFO) of the company. His appointment is with effect from June 25, the stainless steel maker said in a statement. "Kunjal brings deep expertise across corporate finance, treasury, fundraising, and business transformation, along with a strong track record of value creation in large and complex organisations. I am confident his leadership will further strengthen our financial resilience and support our upward trajectory in the manufacturing business," Jindal Stainless MD Abhyuday Jindal said. At Jindal Stainless, he will lead the company's financial strategy and play a key role in its next phase of growth, expansion, and value creation. Prior to joining Jindal Stainless, Mr Mehta served as Chief Financial Officer at Adani Energy Solutions Limited. Over the course of his career, he has held senior leadership positions at Adani Electricity Mumbai Limited, Adani Ports & Special Economic Zone ...

Systematix said that it remains structurally positive on long-term growth outlook for India's integrated steel sector. The brokerage has initiated coverage on Jindal Steel & Jindal Stainless with Buy.

Industry executives have called for regulatory reforms, revised building codes and skill development to boost structural steel use as urbanisation gathers pace

Analysts broadly retained their bullish stance, expecting steel prices to remain steady at healthy levels, thereby supporting margins

Nifty may remain rangebound in near-term; investors may prefer a calibrated strategy - staying invested while selectively booking profits in overheated stocks, says Ajit Mishra of Religare Broking.

Jindal Steel on Saturday posted a consolidated net profit of Rs 1,041 crore during the quarter ended March 2026, on account of higher revenues contributed by "record sales". The steel maker had reported a loss of Rs 304 crore in the year-ago quarter. During the latest January-March period, the company's total income rose 25 per cent to Rs 16,484.28 crore from Rs 13,254.94 crore in the fourth quarter of the preceding 2024-25, according to a statement. On a quarter-on-quarter basis, the net profit jumped fivefold from Rs 189 crore recorded in the October-December quarter of FY26. In the entire FY26, the net profit jumped around 20 per cent to Rs 3,361 crore from Rs 2,846 crore as of March 2025. Total income surged to Rs 53,553.14 crore in FY26 from Rs 49,932.48 crore in the preceding financial year. Jindal Steel said the company has "reported its highest ever production and sales during FY26. Production grew by 14 per cent to 9.25 MT, while sales grew by 9 per cent YoY to 8.68 MT.

Goldman Sachs has initiated coverage of Indian metal (steel) stocks as itsees India as the next steel demand driver. It is bullish on Tata Steel, JSW Steel, Shyam Metalics among others

Jindal Stainless Ltd on Monday announced its retail foray with the launch of stainless steel rebar Jindal Infinity, marking a strategic extension into the construction value chain. The move will allow the company to directly reach end-consumers, builders and fabricators, moving beyond its traditional B2B model. "Our entry into the retail segment with Jindal Infinity marks a strategic extension of our capabilities into the construction value chain...we aim to bring these advanced solutions closer to the Indian consumer. This is aligned with our larger vision of supporting a quality-first, safer, and more resilient environment,"company's Managing Director Abhyuday Jindal said.' Compared to conventional rebars, stainless steel rebars offer significantly higher resistance to corrosion, including a higher critical chloride threshold, which enhances durability in aggressive environments. "With a growing distributor and dealer network, we are creating the foundation for scale. The initial

Ajit Mishra expects upside momentum to continue in metal shares for now. Among individual stocks he predicts up to 18% upside in Jindal Steel, National Aluminium and NMDC.

The companies could decide to officially stop negotiations as soon as next month, one of the people said

While talks over a sale of Thyssenkrupp Steel Europe (TKSE) are ongoing and could ‌still result in an agreement, a deal is now seen as less likely after nearly six months of discussions

Jindal Steel doubles Angul complex capacity to 12 MTPA, strengthening domestic production and reducing import dependence amid global supply disruptions

According to Shrikant Chouhan of Kotak Securities, JSL remains a leading integrated steel and mining player with strong operational capabilities

Juergen Kerner said labour representatives ‌had presented Jindal, which has been doing due diligence on Thyssenkrupp's steel unit since October, with a detailed questionnaire

Excluding National Aluminium, 14 of 15 index constituents rose on Friday, with Lloyds Metals & Energy, Tata Steel, JSW Steel, Jindal Steel, and APL Apollo Tubes gaining over 3 per cent each

In the ferrous space, analysts at ICICI Securities don't foresee any major impact due to ongoing geopolitical tensions as exports share of total steel production is pegged at <6 per cent.

Among sector players, Nomura has maintained Buy recommendations on Tata Steel with a target price of ₹220 per share, JSW Steel at ₹1,340, Jindal Steel at ₹1,280, and Lloyds Metals & Energy at ₹1,600

The policy support, safeguard measures, and the likelihood of regulatory adjustments are improving industry visibility, say analysts.