Jindal Steel surges on planning to double structural steel capacity at Raigarh facility

Jindal Steel Ltd. | Steel/Sponge Iron/Pig Iron | Metals & Mining | BSE: 532286 | NSE: JINDALSTEL

29 Dec 2025 Evaluate

Jindal Steel is currently trading at Rs. 1005.45, up by 18.95 points or 1.92% from its previous closing of Rs. 986.50 on the BSE.

The scrip opened at Rs. 988.50 and has touched a high and low of Rs. 1010.00 and Rs. 988.50 respectively. So far 28719 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1098.30 on 13-Nov-2025 and a 52 week low of Rs. 723.95 on 31-Jan-2025.

Last one week high and low of the scrip stood at Rs. 1035.75 and Rs. 984.65 respectively. The current market cap of the company is Rs. 102355.64 crore.

The promoters holding in the company stood at 62.37%, while Institutions and Non-Institutions held 28.17% and 9.46% respectively.

Jindal Steel is planning to double its structural steel manufacturing capabilities at its Raigarh facility, 1.2 million tonnes per annum (MTPA) to 2.4 MTPA, by mid-2028. The expansion will substantially enhance the availability of heavy and ultra-heavy structural steel sections in India and reinforce the company’s leadership in the structural steel segment. As part of the expansion roadmap, the company will commission a new, dedicated structural steel mill, alongside advanced upstream and downstream technology upgrades. This will enable the manufacture of larger, heavier, and more complex parallel flange sections required for next-generation infrastructure and energy projects.

The company currently manufactures parallel flange sections ranging from 100 mm to 900 mm, with sectional weights of up to 333 kg per metre. With the ongoing expansion, production capability will extend to ultra-heavy sections reaching 1,100 mm depth and 1,500 kg per metre. These enhanced capabilities will support growing demand from infrastructure, refinery, power, renewable energy, transmission, and high-rise construction projects, while significantly reducing India’s reliance on imported heavy structural steel sections.

Jindal Steel (formerly known as Jindal Steel & Power) is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in steel, power generation and infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.

Jindal Steel Share Price

1248.10 -10.45 (-0.83%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Jindal Steel	1248.10
Lloyds Metals&Energy	1735.25
Jai Balaji Inds	83.52
Steel Exchange India	10.66
Rajputana Stainless	135.05
View more..

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