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Jindal Stainless (Hisar) commissions first phase of brownfield expansion at SPD

20 Oct 2021 Evaluate

Jindal Stainless (Hisar) has commissioned the 26,000 tonnes per annum (TPA) capacity Precision Strip Mill as part of the first phase of its latest brownfield expansion plan at its state-of-the-art Specialty Products Division (SPD). This capacity expansion takes the total precision strip production capacity to 48,000 TPA from the existing 22,000 TPA. The capacity expansion of precision strips will further strengthen the Company’s presence in segments like auto, process industry, and oil and petrochemical, and will be augmenting supplies to aerospace and electric vehicles.

The capacity expansion at SPD is part of the Company’s plan to leverage its leadership position in specialty and value-added products. After this expansion, operational capability will expand and products up to 650 mm width would be manufactured. This expansion will further help the Company consolidate its leadership position in the international market. The total Capex for brownfield expansion is estimated at Rs 450 crore over next two years. As part of the expansion of SPD, JSHL will increase its total precision strip capacity to 60,000 tonnes per annum by the end of Q2FY23 with an estimated Capex of Rs 250 crore.

Jindal Stainless (Hisar) is world's largest producer of Stainless Steel strips for razor blades and India's largest producer of coin blanks, serving the needs of India and International mints.

Jindal Hisar Share Price

560.75 0.00 (0.00%)
08-Mar-2023 18:02 View Price Chart
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Company Name CMP
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