Jindal Stainless targets global leadership, sustainable growth

Jindal Stainless Limited (JSL) announced its strategic vision for global leadership in the stainless steel market, aiming to increase its annual melt capacity to 4.2 million tonnes by FY27. This expansion is supported by a three-pronged investment strategy totaling approximately INR 5,700 crore. This includes the acquisition of Chromeni (100% ownership, 0.6 MTPA Cold Rolling in Gujarat), a joint venture with a 49% stake in Indonesia's 1.2 MTPA Melt Shop, and investments in downstream HRAP & CRAP augmentation, infrastructure, and ESG projects. The company also completed the acquisitions of Rathi Super Steel Ltd and Rabirun Vinimay Pvt Ltd in FY23, diversifying its product portfolio with wire rods, re-bars, pipes, and tubes.

Financially, JSL reported a robust performance with Revenue (Net) of approximately INR 412bn and EBITDA of approximately INR 50bn for the consolidated financials ending September 30, 2025. The company’s net debt to equity ratio stands at 0.2x, and net debt to EBITDA at 0.7x. JSL is recognized as the #1 stainless steel producer in India and ranks #5 globally (excluding China), with a diversified product mix of over 120 grades.

JSL is committed to sustainability, pledging to a 50% reduction in emission intensity by FY2035 compared to FY22 levels and aiming for net-zero carbon emissions by 2050. These efforts are reflected in its strong ESG ratings, including MSCI BB, Crisil 56, and an EcoVadis score of 61 (Bronze). The company is actively involved in green hydrogen initiatives and renewable energy projects to power its operations.