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Jindal Stainless investing ₹900 crore to lift cold rolling capacity to 2.67 MT by FY28
India's largest stainless steel maker targets higher-value auto and appliance markets with capex, reports record sales volume of 2.57 MT and EBITDA up 19%.
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Jindal Stainless plans to lift its cold rolling capacity to 2.67 million tonnes a year by fiscal 2028. The ₹900 crore investment targets demand from automotive and appliance sectors, Managing Director Abhyuday Jindal said in the company's annual report for FY26.
"Our ₹900 crore investment across Hisar and Kharagpur, along with new hot rolled annealing, pickling and cold rolling facilities at Jajpur, will support a higher-value mix," Jindal said.
Cold rolling compresses steel at room temperature, producing tighter tolerances and a smooth finish. It is a key process for high-margin products. Current cold rolling capacity stands at 2.05 MTPA, so the expansion adds 0.62 MT. Jindal Stainless is India's largest stainless steel producer, and the investment strengthens its position in the premium segment.
Jindal said the company is also investing in downstream capabilities, though he did not give a separate figure.