Jindal Stainless , India's leading stainless steel manufacturer, has made a significant contribution to the Bangalore Metro Phase 2 project by supplying high-quality 301N Austenitic stainless steel. This move underscores the company's commitment to supporting India's expanding urban transport infrastructure.

Key Highlights

• Jindal Stainless has provided 1,031 metric tonnes of 301N stainless steel for the Bangalore Metro Phase 2 project to date.
• The supplied steel is being used in operational metro coaches, including roofs and structural parts.
• The yellow line of the Bangalore Metro Phase 2 project was recently inaugurated by Prime Minister Narendra Modi.

Material Specifications and Benefits

The 301N Austenitic stainless steel supplied by Jindal Stainless offers several advantages:

• High strength-to-weight ratio
• Excellent corrosion protection
• Superior fire and crash resistance
• Low carbon footprint

These properties make it an ideal choice for modern metro infrastructure, aligning with the goals of safety, durability, and sustainability in public transportation.

Project Scale and Impact

The Bangalore Metro Rail Corporation Limited (BMRCL) has already inducted three trainsets from the CRRC-Titagarh Consortium into service under the Phase 2 expansion. The total order encompasses 53 trainsets, highlighting the substantial scale of this infrastructure project.

Company's Contribution to Indian Infrastructure

Mr. Abhyuday Jindal, Managing Director of Jindal Stainless, stated, "We are proud to support the modernisation of India's metro infrastructure, which is central to strengthening urban mobility and aligns with the nation's vision of building resilient and sustainable transport systems."

Jindal Stainless has a strong track record in contributing to metro projects both in India and globally:

• Supplied materials for metro projects in Queensland, Melbourne, and Sydney through Alstom India
• Contributed to almost every Indian metro project
• Provided stainless steel for prestigious Indian railway projects, including:
  • Vande Bharat sleeper train
  • Vande Metro
  • Kolkata's underwater metro
  • First trainset of India's first Regional Rapid Transit System (RRTS)
  • Mumbai metro

Company Overview

Jindal Stainless reported an annual turnover of INR 40,182.00 crore (USD 4.75 billion). The company is expanding its facilities to reach an annual melt capacity of 4.20 million tonnes. With a global presence spanning 12 countries and 16 manufacturing and processing facilities, Jindal Stainless continues to play a crucial role in India's infrastructure development.

The company's commitment to sustainability is evident in its manufacturing process, which uses electric arc furnaces to reduce greenhouse gas emissions and allows for the recyclability of scrap without compromising quality.

As Bangalore's metro network continues to expand, Jindal Stainless' contribution to the Phase 2 project reinforces its position as a key player in India's urban transportation infrastructure development.

Jindal Stainless , a prominent player in the stainless steel industry, has seen a significant change in its shareholding pattern as JSL Overseas, a co-promoter of the company, increased its stake through open market purchases.

Key Highlights

• JSL Overseas acquired 1.2 million shares of Jindal Stainless from the open market.
• The transaction resulted in an increase in the promoter group's shareholding.
• The purchase was made in two tranches on September 3 and 4, 2025.

Transaction Details

According to the disclosure made under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, JSL Overseas Holding Limited, a part of the promoter group, executed the following purchases:

Impact on Shareholding

The acquisition has led to a notable increase in the promoter group's stake in Jindal Stainless:

• Before the acquisition, JSL Overseas held 133,266,100 shares, representing 16.16% of the total share capital.
• After the purchase, their holding increased to 134,431,593 shares, now accounting for 16.30% of the total share capital.

This move represents a 0.14% increase in the promoter group's shareholding through market purchases.

Company Overview

Jindal Stainless Limited maintains a total equity share capital of ₹1,648,839,176, divided into 824,419,588 equity shares of ₹2 each.

The transaction underscores the promoter group's confidence in Jindal Stainless and may be seen as a positive signal by the market. However, investors should conduct their own research and consider various factors before making investment decisions based on this development.