JSL JV unit starts stainless steel melt shop in Indonesia

Jindal Stainless Ltd (JSL) said it has commissioned the 1.2 million tonnes per annum (MTPA) stainless steel melt shop (SMS) in Indonesia, developed through the company’s joint venture, ahead of schedule. 

The company’s total melting capacity will hence be ramped up to 4.2 MTPA, including 3 MTPA in India. 

The company said it is also gearing up to commission a new 1.1 MTPA Hot Rolled Annealed Pickled (HRAP) line, and 0.17 MTPA Cold Rolling capacity, in Jajpur, Odisha, by Q4FY27 and Q2FY27 respectively. 

This development is part of the earlier announced outlay of ₹ 1,900 crore. To further strengthen its cold rolling capacities, the company said it has earmarked a fresh investment of ₹900 crore at Hisar and Kharagpur which are expected to be commissioned by Q2FY28. 

These new and expanded downstream facilities will enable the production of thinner cold rolled products tailored for high-growth industries, the company said.

Following these expansion projects, the company will be able to increase its Cold Rolling capacity from 2.05 MTPA in FY26 to 2.67 MTPA by FY28, an increase of 0.62 MTPA, it added.

Once all downstream expansion projects are commissioned, the total Cold Rolling capacity will account for 64% of the total melt capacity. 

With this concurrent enhancement in melting and downstream capacities, the company is targeting to achieve a sales volume of 3.5 MTPA by FY29.

Abhyuday Jindal, Managing Director, Jindal Stainless said, “The commissioning of the Indonesia facility ahead of schedule, alongside a significant push in downstream capabilities, reflects our commitment to raw material security and integrated approach to growth.”

“While expanding our production footprint, we are equally focused on enhancing value addition through a stronger portfolio of thinner cold-rolled products. Collectively, these efforts will enable us to better serve evolving market needs and reinforce our position on the global stainless steel map,” he added