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Jindal Stainless has taken a significant step in strengthening its global footprint by commissioning a 1.2 million tonnes per annum (MTPA) stainless steel melt shop (SMS) in Indonesia through its joint venture. The facility, which has been completed ahead of schedule, has increased the company’s total melting capacity to 4.2 MTPA. Out of this, 3 MTPA capacity remains in India, reinforcing the company’s strong domestic manufacturing base while expanding its international presence.
This development marks a strategic move by Jindal Stainless to secure raw material supply chains and enhance operational efficiency. The Indonesia facility is expected to play a crucial role in ensuring access to key inputs such as nickel, which is vital for stainless steel production. By strengthening its upstream capabilities, the company is positioning itself to remain competitive in both domestic and global markets.
Alongside its international expansion, the company continues to focus heavily on downstream capacity growth within India. As part of its previously announced capital expenditure plan of ₹1,900 crore, Jindal Stainless is preparing to commission a 1.1 MTPA Hot Rolled Annealed Pickled (HRAP) line at its Jajpur facility in Odisha by Q4FY27. Additionally, a 0.17 MTPA cold rolling capacity at the same location is expected to become operational by Q2FY27. These projects aim to enhance value-added product offerings and improve overall product quality.
Further strengthening its downstream portfolio, the company has also announced a fresh investment of ₹900 crore to expand cold rolling capacity at its facilities in Hisar and Kharagpur. These expansions are expected to be commissioned by Q2FY28. With these additions, Jindal Stainless’s total cold rolling capacity is projected to increase from 2.05 MTPA in FY26 to 2.67 MTPA by FY28, marking a growth of 0.62 MTPA.
The company’s strategic focus on downstream capabilities highlights a shift toward higher value-added products, particularly thinner cold-rolled stainless steel. Once all ongoing and planned expansions are completed, cold rolling capacity will account for approximately 64% of the company’s total melt capacity. This transformation aligns with global industry trends, where demand for precision-engineered and high-quality stainless steel products continues to rise.
According to Abhyuday Jindal, the early commissioning of the Indonesian facility reflects the company’s commitment to an integrated growth strategy. He emphasized that strengthening upstream and downstream operations will help improve efficiency and support long-term sustainability. The focus, he noted, remains on increasing value addition and expanding the product portfolio to meet evolving customer demands.
Tarun Khulbe highlighted that the capacity expansion aligns with India’s strong growth potential in infrastructure, manufacturing, and industrial sectors. He stated that the company is well-positioned to capitalize on rising domestic demand while also expanding its global footprint. The new capacities are expected to unlock the next phase of growth for the company.
Jindal Stainless is targeting sales volumes of approximately 3.5 MTPA by FY29, aiming to achieve a double-digit compound annual growth rate (CAGR) over the next three years. The company already has a strong export presence across key markets, including the United States, Germany, Italy, South Korea, and Japan, and the latest expansion is expected to further strengthen its global competitiveness.
Overall, the commissioning of the Indonesia facility combined with robust domestic investments underscores Jindal Stainless’s long-term strategy of building an integrated, resilient, and globally competitive stainless steel business. By focusing on capacity expansion, value addition, and supply chain security, the company is positioning itself as a key player in the evolving global steel landscape.