Jindal Stainless plans to invest Rs 15 billion to expand capacity

Company says, with all the infra already available at its Kalinganagar unit, the incremental cost for pursuing expansion will be lower

Leading stainless steel maker Jindal Stainless Ltd plans to invest Rs 15 billion to expand the capacity of its Steel Melting Shop (SMS) from 0.8 to 2.2 million tonnes per annum (mtpa) and double its cold roll mill capacity from 0.8 to 1.6 mtpa.

“We are seeking environment clearance for 2.2 million tonne per annum (mtpa) of the SMS. Without much investment, we will reach 1.1 mtpa by next year and 2.2 mtpa in another two years. We will be expanding in two phases. Though we've sought approval for 2.2 mtpa, we're looking at an operational capacity of 1.6 mtpa,”