{
  "id": 1211379,
  "title": "Jindal plugs Rs 900 cr towards cold rolling capacity",
  "url": "https://urgent.news/2026/08/16/jindal-plugs-rs-900-cr-towards-cold-rolling-capacity",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-16T05:43:59.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jindal-stainless-investing-rs-900-crore-to-increase-cold-rolling-capacity-to-2-67-mt-by-fy28-md/articleshow/133270494.cms"
  },
  "original_language": "en",
  "account": "Jindal Stainless is planning to boost its cold rolling capacity by Rs 900 crore, aiming to meet growing demand in sectors like automotive, appliances, and food processing, according to Managing Director Abhyuday Jindal. The investment will elevate the company's cold rolling capacity from 2.05 MTPA to 2.67 MTPA by the end of fiscal year 2028, as outlined in the FY26 annual report. In addition to expanding upstream operations, Jindal is also making substantial investments to bolster downstream capabilities. The Rs 900 crore expenditure at its facilities in Hisar, Kharagpur, and Jajpur will bolster a higher-value mix for various applications in automotive, appliances, food processing, and industrial sectors. Cold rolling, a precision metalworking process, strengthens steel without heat, tightens dimensional tolerances, and yields a smooth finish, making it vital for high-precision, durable applications. Jindal is currently scouting a site for a Rs 40,000-crore stainless steel plant in Maharashtra, which will produce specialized steel grades for applications in emerging sectors such as hydrogen, nuclear energy, defense, mobility, infrastructure, and process industries. In FY26, renewable energy sources accounted for around 47% of total electricity consumption at Jindal's Hisar and Jajpur facilities. The company maintained about 70% recycled scrap utilization in its electric arc furnace-based manufacturing process and continued advancing towards its goals of reducing Scope 1 and Scope 2 emissions by 50% by 2035 and achieving net zero emissions by 2050. In FY26, the company reported consolidated revenue of Rs 42,955 crore, EBITDA increased by 19.2% year-on-year to Rs 5,560 crore, and profit after tax grew by 27.4% to Rs 3,185 crore. During the year, finished goods sales volume reached a record 2.57 million tonnes, while the balance sheet remained robust with a net debt-to-equity ratio of 0.15x, providing financial flexibility for future growth investments.",
  "summary": null,
  "key_points": [
    "Jindal Stainless plans Rs 900 crore investment to increase cold rolling capacity.",
    "Capacity to expand from 2.05 MTPA to 2.67 MTPA by end of FY 2028."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}