[SMM Stainless Steel Flash] India's JSL to Expand Coin Blank Making Capacity by 20% Amid Rising Global Demand

Published: Sep 1, 2026 17:40
India's Jindal Stainless (JSL) is expanding its coin blank making capacity by 20% to 12,000 mt/year to meet rising global demand for non-paper currencies. Produced under high-security arrangements at JSL's Special Products Division in Hisar alongside razor blades and precision strips, the coin blanks are customized to exact mint specifications including size, diameter, thickness, shape, and alloy composition. JSL currently supplies unstamped coins to mints in India, France, Finland, Poland, the Netherlands, Malaysia, Slovakia, and the UK's Royal Mint. The company is targeting new markets and additional denomination orders, highlighting stainless steel's lower carbon footprint as a competitive advantage in securing further global contracts.

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