Jindal Stainless : 40,000 crore investment to set up a stainless steel manufacturing facility

 

  • Jindal Stainless : 40,000 crore investment to set up a stainless steel manufacturing facility


  • PAT at INR 2,500 crore, down by 7% YoY
  • Net revenue at INR 39,312 crore, up by 2% YoY   
  • Consolidated net debt as on March 31, 2025, stood at INR 3,899 crore. The consolidated net debt-to-equity ratio was largely maintained at ~0.2, despite a capexheavy year.  
  • Proposed investment in Maharashtra Recently, JSL signed a non-binding MoU with the Maharashtra government with a possibility of an INR 40,000 crore investment in the state to set up a stainless steel manufacturing facility. The proposed facility is scheduled to be developed over the next 10 years, which is expected to create more than 15,000 jobs.  
  •   Management Comments: Commenting on the performance of the company, Managing Director, Jindal Stainless, Mr Abhyuday Jindal, said, “The past financial year has been a defining chapter in our mission to bolster our leadership in the domestic market and ensure our supply chain excellence. The early commissioning of our NPI facility in Indonesia, the full acquisition of Chromeni Steels to enhance the proportion of our cold rolled products, and our strategic investment in M1xchange have all strengthened our value chain from end to end, ensuring raw material security, product diversification, and a bold step toward digital leadership. As we accelerate green hydrogen adoption, innovate new products and grades for sustainable logistics, infrastructure and industries, scale renewable energy supply, and lead with transparent ESG disclosures, we are not just focused on manufacturing stainless steel, but also forging a wholesome, tech-enabled, and Atmanirbhar future for India.”   
  •   About Jindal Stainless 
  • India’s leading stainless-steel manufacturer, Jindal Stainless, had an annual turnover of INR 40,182 crore (USD 4.75 billion) in FY25 and is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity in FY27. It has 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, and a worldwide network in 12 countries, as of March 2025. In India, there are ten sales offices and six service centres, as of March 2025. The company’s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks.  

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