Jindal India announced a capex spend of over INR 1,500 crore to effect a strategic capacity expansion of 0.6 million MT, a 60 percent increase from its current capacity of 1 million metric tonne per annum.

Nov 5, 2024

Jindal India announced its plans to invest INR 1,500 crore to increase its annual production capacity to 1.6 million tonnes. The expansion focuses on the production of coated flat products, pipes, and crash barriers, the company said in a statement.

The expansion is expected to be completed by the financial year 2025-26, while the production is slated to be started within the ongoing fiscal.

Commenting on the new investment, the company said, ‘‘Jindal India announces a capex spend of over INR 1,500 crore to effect a strategic capacity expansion of 0.6 Million MT, a 60 per cent increase from its current capacity of 1 million metric tonne per annum.’’

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The increased focus on rapidly augmenting the nation’s highway network with critical safety components such as crash barriers is a key area where Jindal India has been adding value.