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Jindal Stainless rises on commissioning stainless steel melt shop in Indonesia

Jindal Stainless Ltd. | Steel & Iron Products | Metals & Mining | BSE: 532508 | NSE: JSL

25 Mar 2026 Evaluate

Jindal Stainless is currently trading at Rs. 724.70, up by 6.80 points or 0.95% from its previous closing of Rs. 717.90 on the BSE.

The scrip opened at Rs. 720.00 and has touched a high and low of Rs. 740.30 and Rs. 720.00 respectively. So far 29485 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 883.25 on 07-Jan-2026 and a 52 week low of Rs. 497.00 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 740.30 and Rs. 692.00 respectively. The current market cap of the company is Rs. 60096.07 crore.

The promoters holding in the company stood at 61.23%, while Institutions and Non-Institutions held 28.75% and 10.02% respectively.

Jindal Stainless has commissioned the 1.2 million tonnes per annum (MTPA) stainless steel melt shop (SMS) in Indonesia, developed through the company’s joint venture, ahead of schedule. The company’s total melting capacity will hence be ramped up to 4.2 MTPA, including 3 MTPA in India.

Complementing this increase in the melting facility, the company is also gearing up to commission a new 1.1 MTPA Hot Rolled Annealed Pickled (HRAP) line, and 0.17 MTPA Cold Rolling capacity, in Jajpur, Odisha, by Q4FY27 and Q2FY27 respectively. This development is part of the earlier announced outlay of Rs 1,900 crore. To further strengthen its cold rolling capacities, the company has earmarked a fresh investment of Rs 900 crore at Hisar and Kharagpur which are expected to be commissioned by Q2FY28.

These new and expanded downstream facilities will enable the production of thinner cold rolled products tailored for high-growth industries. Following these expansion projects, the company will be able to increase its Cold Rolling capacity from 2.05 MTPA in FY26 to 2.67 MTPA by FY28, an increase of 0.62 MTPA. Once all downstream expansion projects are commissioned, the total Cold Rolling capacity will account for 64% of the total melt capacity. With this concurrent enhancement in melting and downstream capacities, the company is targeting to achieve a sales volume of around 3.5 MTPA by FY29, delivering double-digit CAGR over the next three years.

Jindal Stainless (JSL) is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.

Jindal Stainless Share Price

797.65 7.85 (0.99%)

21-Apr-2026 11:35 View Price Chart

Peers

Company Name	CMP
Tata Steel	212.30
JSW Steel	1289.50
SAIL	176.70
Jindal Stainless	797.65
APL Apollo Tubes	2120.85
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Jindal Stainless rises on commissioning stainless steel melt shop in Indonesia

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