- Indonesia SMS adds 1.2 MTPA melt capacity
- Cold rolling share to reach 64% of total capacity
Jindal Stainless has commissioned a 1.2 million tonnes per annum (MTPA) stainless steel melt shop (SMS) in Indonesia through its joint venture, ahead of schedule, strengthening its upstream integration and raw material security. With this addition, the company’s total melting capacity has increased to 4.2 MTPA, including 3 MTPA in India.
Managing Director, Jindal Stainless, Mr Abhyuday Jindal, said, “The commissioning of the Indonesia facility ahead of schedule, alongside a significant push in downstream capabilities, reflects our commitment to raw material security and integrated approach to growth. While expanding our production footprint, we are equally focused on enhancing value addition through a stronger portfolio of thinner cold-rolled products. Collectively, these efforts will enable us to better serve evolving market needs and reinforce our position on the global stainless steel map.”
Downstream expansion to support value-added growth
To complement the expanded melt capacity, the company is progressing with downstream investments in India. A 1.1 MTPA hot rolled annealed pickled (HRAP) line at Jajpur, Odisha, is expected by Q4FY27, along with 0.17 MTPA cold rolling capacity by Q2FY27, under a previously announced INR 1,900 crore capex plan.
Additionally, Jindal Stainless has committed a fresh investment of INR 900 crore to further expand cold rolling capacities at Hisar and Kharagpur, targeted for commissioning by Q2FY28.
Focus on product mix and capacity alignment
Post expansion, the company’s cold rolling capacity is expected to increase from 2.05 MTPA in FY26 to 2.67 MTPA by FY28. Cold rolled products will account for around 64% of total melt capacity, reflecting a strategic shift toward higher value-added, thinner gauge products catering to growing end-use sectors.
Growth outlook
With simultaneous expansion in upstream and downstream capabilities, Jindal Stainless is targeting sales volumes of around 3.5 MTPA by FY29, implying a double-digit CAGR over the next three years. The company is also strengthening its global footprint across key markets, including the US, Europe, and Asia.
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