Jindal Stainless has achieved a significant operational milestone with the commissioning of its new SMS facility in Indonesia, while announcing comprehensive expansion plans across its manufacturing operations. The stainless steel manufacturer has outlined an ambitious growth strategy targeting substantial capacity enhancement and market expansion.

Indonesia SMS Facility Commissioned Ahead of Schedule

The company has successfully commissioned its 1.2 MTPA stainless steel melt shop (SMS) facility in Indonesia, developed through a joint venture, ahead of the scheduled timeline. This facility increases Jindal Stainless's total melting capacity to 4.2 MTPA, including 3.0 MTPA in India.

Comprehensive Downstream Expansion Plans

Jindal Stainless has outlined a multi-phase expansion strategy involving both existing and new investments. The company is preparing to commission a new 1.1 MTPA Hot Rolled Annealed Pickled (HRAP) line and 0.17 MTPA Cold Rolling capacity in Jajpur, Odisha, as part of its earlier announced ₹1,900 crore investment.

Capacity Enhancement and Growth Targets

The company's strategic investments will significantly boost its cold rolling capabilities from 2.05 MTPA in FY26 to 2.67 MTPA by FY28, representing an increase of 0.62 MTPA. Upon completion of all expansion projects, cold rolling capacity will account for 64.00% of total melt capacity.

Jindal Stainless has set an ambitious sales target of 3.5 MTPA by FY29, delivering double-digit CAGR over the next three years. Managing Director Abhyuday Jindal emphasized the company's commitment to raw material security and integrated growth approach, while CEO Tarun Khulbe highlighted the expansion's alignment with India's robust domestic potential.

The expansion strategy positions Jindal Stainless to serve evolving market needs while strengthening its presence in key export markets including the US, Germany, Italy, South Korea, and Japan.

JSL Overseas Holding Limited , a promoter group entity of Jindal Stainless Limited, has further increased its shareholding in the stainless steel manufacturer through open market purchases. The Mauritius-based holding company disclosed the latest acquisition under SEBI regulations for substantial share acquisitions.

Latest Share Acquisition Details

JSL Overseas acquired a total of 95,000 equity shares through market purchases conducted over two days. The acquisition was executed in two tranches, with 50,000 shares purchased on March 17, 2026, and 45,000 shares acquired on March 18, 2026.

Updated Shareholding Pattern

The latest acquisition resulted in an increase in JSL Overseas' shareholding percentage in Jindal Stainless Limited. Prior to this transaction, the company held 14,03,91,018 shares representing 17.03% of the total equity capital.

Company Structure and Listing Details

Jindal Stainless Limited maintains its equity share capital structure unchanged following this acquisition. The company's shares continue to be traded on both major Indian stock exchanges.

Regulatory Compliance and Promoter Group Structure

The disclosure was made in accordance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. JSL Overseas Holding Limited, based in Mauritius, belongs to the promoter group of Jindal Stainless Limited and acts in concert with numerous other promoter group entities and family members.

The extensive list of persons acting in concert includes key family members such as Abhyuday Jindal, Deepika Jindal, Naveen Jindal, Sangita Jindal, and Savitri Devi Jindal, along with multiple corporate entities and family trusts. The transaction represents a routine increase in promoter group shareholding through open market operations, with no changes to the overall equity structure of Jindal Stainless Limited.