Jindal Stainless to Invest ₹900 Crore to Expand Cold Rolling Capacity at Hisar, Kharagpur and Jajpur
Jindal Stainless is investing ₹900 crore to increase its cold rolling capacity to meet rising demand from sectors including automotive, appliances and food processing, according to Managing Director Abhyuday Jindal.
The investment will raise the company's cold rolling capacity from 2.05 MTPA to 2.67 MTPA by FY28. The capex spans Hisar and Kharagpur, along with new hot rolled annealing, pickling and cold rolling facilities at Jajpur, aimed at supporting a higher-value product mix for automotive, appliances, food processing and industrial applications.
Cold rolling is a precision metalworking process that shapes and compresses steel without heat, enhancing structural strength and surface finish, and is used for high-precision, high-durability sheet metal applications.
The investment is part of a broader capex programme at Jindal Stainless, which is separately in the process of identifying a site for a proposed ₹40,000 crore stainless steel manufacturing facility in Maharashtra, intended to produce specialised steel grades for sectors including hydrogen, nuclear energy, defence, mobility, infrastructure and process industries. The company reported FY26 consolidated revenue of ₹42,955 crore and record finished goods sales volume of 2.57 million tonnes.