Jindal India invests $179 million in capacity expansion

Jindal India, a producer of value-added steel products, is investing about $179 million to increase production capacity by 60% to 1.6 million tons per year. About this informs CNBC-TV18.

The expansion will affect the production of coated flat products, pipes and crash barriers. The new production lines are expected to be fully operational by FY2025/2026

Jindal India, part of the B C Jindal Group, specifically manufactures steel sheets and coils with color coating and galvanized coils, cold rolled steel.

With this investment, the company aims to modernize its capacity and diversify its product range to enter new markets such as solar energy and home appliances. In addition, the strategic expansion corresponds to the course of the country’s government on infrastructure development.

The company also plans to strengthen its position in the domestic market of color-coated sheet steel and explore new opportunities in the production of structures for solar cells.

As GMK Center reported earlier, Tata Steel is expanding its steelmaking facilities in the state of Odisha. Indian steel producer announced, which commissioned the largest blast furnace in the country in Kalinganagar (Odisha state). The company has invested a total of 27 million rupees ($3.23 billion) in the second phase of expansion in Odisha, which will increase the total capacity of the metal plant from 3 million tons of steel per year to 8 million tons per year.