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India: Jindal Stainless unveils INR 5,400 crore expansion plan
Stainless steel manufacturer Jindal Stainless has announced a INR 5,400 crore investment plan to expand melting and downstream capacities. The company’s three-pronged strategy aims to solidify its position as a major player in the global stainless steel market. Expansion details: Indonesian JV: A 49% joint venture to establish a 1.2 million tonnes per annum (mnt/year)…