[SMM Stainless Steel Flash] India's JSL Plans USD4.2B Greenfield Stainless Mill, Global Capacity to Hit 8.2Mt/y

Published: Aug 13, 2026 10:11

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According to SMM, India's largest stainless steel producer Jindal Stainless (JSL) has initiated land identification in Maharashtra for a greenfield facility with a planned investment of approximately Rs 40,000 crore (USD4.2 billion) and annual capacity of 4 million tonnes, to be developed in phases with the first phase targeted within four years. The Maharashtra government has pledged to expedite regulatory approvals and extend fiscal incentives. Once operational, JSL's domestic melting capacity will expand from 3 million ton/year to 7 million ton/year; combined with its 49%-owned Indonesian JV PT Glory Metal Indonesia, which commenced operations in March at 1.2 million ton/year, global stainless melting capacity will reach 8.2 million ton/year. JSL is also advancing downstream cold-rolling expansions at Jajpur, Hisar, and Kharagpur, with capacity projected to grow from 2.05 million ton/year to 2.67 million ton/year over the next two years. The new mill will focus on specialized grades for high-end emerging sectors including hydrogen, nuclear, defense, mobility, infrastructure, and process industries.

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