India’s Jindal Stainless Limited (JSL) has commissioned a 1.2 million mt per year capacity stainless steel melt shop (SMS) in Indonesia as part of its $5.35 billion expansion project, a company statement said on Wednesday, March 25.
With the commissioning of the facility in Indonesia, JSL’s total melting capacity now stands at 4.2 million mt, the company said.
JSL has a combined melt capacity of 3 million mt per year at its Indian mills at Hisar, Haryana and Jajpur, Odisha, while the 1.2 million mt SMS in Indonesia has been constructed through a joint venture.
The company also announced an additional $844 million investment towards augmenting cold rolled capacities in India at Hisar and Kharagpur, West Bengal, by the second quarter of 2027-28.
With this enhancement in melting and downstream capacities, the company is targeting to achieve a sales volume of 3.5 million mt per year by 2028-29, delivering a double-digit compound annual growth rate (CAGR) over the next three years.
