Jindal Stainless is investing ₹900 crore to increase its cold rolling capacity from 2.05 MTPA to 2.67 MTPA by FY28, catering to rising demand from sectors such as automotive, appliances and food processing, Managing Director Abhyuday Jindal said in the company’s FY26 annual report.
Cold rolling is a precision metalworking process that shapes and compresses steel without heat, enhancing structural strength, tightening dimensional tolerances and delivering a smooth, high-quality surface finish, making it essential for high-precision, high-durability applications.
The investment spans Hisar and Kharagpur, along with new hot rolled annealing, pickling and cold rolling facilities at Jajpur, and is expected to support a higher-value product mix for automotive, appliances, food processing and industrial applications.
Jindal also noted that the company is in the process of identifying a site for its proposed ₹40,000 crore stainless steel manufacturing facility in Maharashtra, which will produce specialised steel grades for hydrogen, nuclear energy, defence, mobility, infrastructure and process industries.
On sustainability, renewable sources accounted for nearly 47 per cent of total electricity consumption across the company’s Hisar and Jajpur facilities in FY26, while its electric arc furnace-based manufacturing process maintained approximately 70 per cent recycled scrap utilisation, supporting its targets of a 50 per cent reduction in Scope 1 and 2 emissions by 2035 and net zero by 2050.
The company reported FY26 consolidated revenue of ₹42,955 crore, with EBITDA up 19.2 per cent year-on-year to ₹5,560 crore and profit after tax growing 27.4 per cent to ₹3,185 crore. Finished goods sales volume reached a record 2.57 million tonnes, while the net debt-to-equity ratio stood at 0.15x.
