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Jindal India to invest Rs 1,500 crore to expand production capacity
Metallurgical Industries - Sep 25,2024 -Jindal India, a prominent player in the downstream steel sector, announced plans to invest Rs 1,500 crore to boost its annual production capacity to 1.6 million tonnes. The expansion will focus on manufacturing coated flat products, pipes, and crash barriers, according to a company statement.
The company stated, "Jindal India announces a capex spend of over ₹1,500 crore to effect a strategic capacity expansion of 0.6 million MT, representing a 60% increase from its current capacity of 1 million metric tonnes per annum." The expansion is expected to be completed by the financial year 2025-26, with production slated to begin in the current fiscal year.
A key aspect of this expansion is the focus on enhancing the nation’s highway infrastructure with critical safety components like crash barriers, a move that Jindal India sees as vital for adding value to the industry.
Part of the B C Jindal Group, Jindal India Limited specializes in manufacturing colour-coated and galvanized steel sheets and coils, cold rolled steel, and electric resistance welded (ERW) galvanized products, among others.
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