Jindal Stainless Ltd (JSL) plans to invest INR 40,000 crore in a stainless steel manufacturing facility in Maharashtra, aiming to reduce reliance on imports and support key industries vital to India’s future growth.
Mar 27, 2025
Jindal Stainless Ltd (JSL) plans to invest INR 40,000 crore to establish a stainless steel manufacturing facility in Maharashtra.
The Maharashtra government has approved JSL’s investment proposal, which will be executed in phases over the next 10 years. The first phase is expected to be operational within four years.
Mr. Devendra Fadnavis, Chief Minister of Maharashtra, said, “This is an investment approximately worth INR 42,886 crore (USD 5 billion), leading to significantly huge employment generation too.”
With a total melting capacity of 4 million tonnes per annum, the facility will produce a wide range of stainless steel flat products in various grades, finishes, and thicknesses. These products will support critical applications in key sectors such as hydrogen, nuclear energy, defense, mobility, and infrastructure.
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JSL Chairman Ratan Jindal emphasized that the new facility aligns with the vision of Atmanirbhar Bharat, reducing reliance on stainless steel imports. He stated that the project will expand JSL’s global footprint, set new benchmarks in technology and sustainability, and cater to industries crucial to India’s future development.
