Jindal India Limited, a major player in India’s downstream steel industry, has announced plans for a capital expenditure of INR 1,500 crore (USD 179 mln) to significantly boost its production capacity. The expansion will increase the company’s capacity by 60pct, adding 0.6 mln tons to its current 1 mln tons per annum.
The investment will focus on coated flat products and hollow section pipes, which are crucial for the growing infrastructure and renewable energy sectors. Located at Jindal’s Ranihati facility in Howrah, West Bengal, the expansion aims to meet rising demand in segments such as solar energy and home appliances, while also supporting India’s import substitution efforts.
Additionally, Jindal plans to modernize its production of hollow section pipes for construction and crash barriers for highways.
1 USD / 83.7 INR
