[SMM Stainless Steel Flash] India's JSL Scouts Land for US$4.2B Greenfield Stainless Steel Mill in Maharashtra

Published: Aug 11, 2026 09:17

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India's Jindal Stainless Limited (JSL) has commenced the process of identifying suitable land in Maharashtra for its planned US$4.20 billion greenfield stainless steel mill. CEO Tarun Khulbe stated that progress is being made in the right direction, with clarity on the land issue expected within the next one to two quarters. The proposed facility will have a total capacity of 4 million mt/year, to be developed in phases with the first phase targeted for completion within four years. The mill will also produce specialized steel grades for critical applications in emerging sectors including hydrogen, nuclear energy, defense, mobility, infrastructure, and process industries.

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