Jindal Stainless Share News - Latest Updates, Live News & More

Latest news about Jindal Stainless

Jindal Stainless Bolsters Bangalore Metro Phase 2 with High-Quality Steel Supply Sep 10, 2025

Jindal Stainless has provided 1,031 metric tonnes of 301N Austenitic stainless steel for the Bangalore Metro Phase 2 project. The steel is being used in operational metro coaches, including roofs and structural parts. The yellow line of the project was recently inaugurated by Prime Minister Narendra Modi. The 301N Austenitic stainless steel offers high strength-to-weight ratio, excellent corrosion protection, superior fire and crash resistance, and a low carbon footprint. Jindal Stainless has contributed to metro projects in India and globally, including Queensland, Melbourne, and Sydney. The company reported an annual turnover of INR 40,182.00 crore and is expanding its facilities to reach an annual melt capacity of 4.20 million tonnes.

JSL Overseas Boosts Stake in Jindal Stainless with 1.2 Million Share Acquisition Sep 08, 2025

Jindal Stainless Reports Strong Q1 Results with 8% Volume Growth and 23% EBITDA Jump Aug 12, 2025

Jindal Stainless Sets August 22, 2025 as Record Date for Final Dividend Aug 08, 2025

Jindal Stainless Reaffirms FY26 Growth Targets, Aims for 80-85% Capacity Utilization Aug 08, 2025

More news about Jindal Stainless

06Aug 25

Jindal Stainless Reports Strong Q1 Results, Targets 4.2 MT Capacity by FY27

Jindal Stainless Limited (JSL) reported robust Q1 financial results with net revenue up 8.2% to ₹10,207 crore, EBITDA up 8.1% to ₹1,310 crore, and PAT up 10.6% to ₹715 crore. Sales volume increased by 8.3% to 626,252 tonnes. The company plans to expand production capacity to 4.2 million tonnes by FY27, including a new melt shop in Indonesia. JSL is focusing on high-value sectors like defense and clean energy alloys, and implementing digital manufacturing initiatives. The company acquired a stake in a renewable energy project and achieved product innovation with the manufacture of 9Cr1Mo plate. JSL's corporate office received Platinum LEED certification, demonstrating commitment to sustainability.

06Aug 25

Jindal Stainless Reports 11% Profit Growth in Q1, Revenue Rises to ₹10,341 Crore

Jindal Stainless Limited (JSL) reported robust Q1 financial results. Standalone net revenue increased 8% to ₹10,340.51 crore, while profit after tax grew 11% to ₹641.64 crore. Consolidated revenue rose 8.2% to ₹10,207.14 crore, with profit up 10.6% to ₹714.66 crore. Sales volume increased 8.3% to 626,252 tonnes. JSL acquired a 33.64% stake in a renewable energy project and plans to expand melting capacity to 4.2 MTPA through an Indonesian joint venture. The company maintained a healthy debt-to-equity ratio of 0.35 and interest service coverage ratio of 9.57.

03Jun 25

Jindal Stainless Acquires Stake in Renewable Energy Venture for Rs 79.20 Crore

Jindal Stainless Ltd. has acquired a 33.64% stake in Oyster Green Hybrid One Pvt. for Rs 79.20 crore, with plans to invest up to Rs 132.00 crore. The investment is for developing a 282-MW hybrid renewable energy project, expected to be commissioned by the third quarter of FY26. This strategic move aims to secure green energy for Jindal Stainless' manufacturing plants, potentially reduce long-term energy costs, and enhance the company's commitment to sustainable practices.

02Jun 25

Jindal Stainless Acquires 33.64% Stake in Oyster Green Hybrid One for 282 MW Renewable Energy Project

Jindal Stainless has acquired a 33.64% stake in Oyster Green Hybrid One Private Limited, an SPV for a 282 MW hybrid renewable energy project. The company has initially invested ₹79.20 crore, with plans to invest a total of ₹132.00 crore. The project aims to supply 700 million units of renewable power annually and is expected to be commissioned by Q3 FY26.

11May 25

Jindal Stainless Unveils Ambitious Rs 40,000 Crore Investment Plan in Maharashtra

Jindal Stainless is in talks with the Maharashtra government to acquire land for a new stainless steel facility. The project, estimated to cost Rs 40,000 crore, is planned over a 10-year timeline and aims to create a 4 million tonnes annual melting capacity. This expansion is expected to generate 15,000 jobs and is part of the company's broader strategy to increase its total capacity to 4.20 million tonnes by FY27. The investment could significantly boost Maharashtra's industrial sector and strengthen India's position in the global stainless steel market.

08May 25

Jindal Stainless Reports 17.8% Profit Increase in Q4FY25, Declares Dividend

Jindal Stainless announced its Q4 FY2025 results, reporting a 17.8% year-on-year increase in consolidated net profit to ₹590.00 crore. Revenue grew by 7.9% to ₹10,198.00 crore. The company declared a final dividend of ₹2.00 per share, bringing the total FY2025 dividend to ₹3.00 per share. EBITDA margin for Q4 stood at 10.4%.

22Apr 25

Jindal Stainless Unveils Odisha's Largest Captive Industrial Solar Plant

Jindal Stainless has commissioned Odisha's largest captive industrial solar plant at its Jajpur manufacturing unit. The 30 MWp facility includes a 7.32 MWp floating solar plant and a 23.02 MWp rooftop solar system. It will generate 44.30 million units of green energy annually, reducing CO2 emissions by 32,208 metric tonnes per year. This project is part of Jindal Stainless' commitment to achieve Net Zero by 2050 and its plan to invest INR 700 crore in decarbonization projects over the next five years.

11Apr 25

Jindal Stainless Subsidiary Inks 11 MWp Solar Power Deal, Advancing Sustainability Goals

Jindal Stainless Limited's subsidiary, JSL Super Steel, has signed an 11 MWp Power Purchase Agreement with Sunsure Energy to replace 40% of conventional energy at its Ghaziabad facility with solar power. This initiative will generate 16.50 million units of clean energy annually, offsetting 12 million kg of carbon emissions. The agreement aligns with Jindal Stainless' goal to reduce carbon emissions by 50% by 2035 and achieve Net Zero by 2050. The company has already reduced over 310,000 tonnes of CO2 in the last three fiscal years and is investing INR 700 crore in decarbonization projects over the next five years.

10Apr 25

Jindal Stainless Subsidiary Inks 11 MWp Renewable Energy Deal, Boosting Sustainability Efforts

JSL Super Steel, a subsidiary of Jindal Stainless Limited, has signed an 11 MWp Power Purchase Agreement with Sunsure Energy. This agreement will replace 40% of conventional energy at JSL Super Steel's Ghaziabad facility with renewable energy. The solar power, sourced from Sunsure's 49 MWp project in Uttar Pradesh, will generate 16.5 million units annually and offset 12 million kilograms of carbon emissions per year. This move aligns with Jindal Stainless' sustainability goals, including reducing carbon emissions by 50% by 2035 and achieving Net Zero by 2050.

28Mar 25

Jindal Stainless Unveils Massive Rs 40,000 Crore Investment Plan for Maharashtra Plant

Jindal Stainless plans to invest ₹40,000 crore (approx. $4.80 billion) to establish a new manufacturing plant in Maharashtra. This expansion is expected to significantly boost the company's production capacity and strengthen its market position. The project is likely to create substantial employment opportunities and contribute to Maharashtra's industrial development. Separately, the company announced the closure of its trading window for insiders from April 1, 2025, until two days after the declaration of FY 2024-25 financial results, in compliance with SEBI regulations.

27Mar 25

Jindal Stainless Unveils Massive Rs 40,000 Crore Investment Plan for Maharashtra

Jindal Stainless, a leading Indian stainless steel manufacturer, has announced plans to invest Rs 40,000 crore in a new plant in Maharashtra. This expansion is expected to boost production capacity and create job opportunities. The company has also announced the closure of its trading window for insiders from April 1, 2025, until two days after the declaration of audited financial results for the quarter and year ending March 31, 2025.

26Mar 25

Jindal Stainless Expands Fintech Footprint: Strategic Stake in Mynd Solutions and Partnership with M1xchange

Jindal Stainless Limited (JSL) has acquired a 5.03% stake in Mynd Solutions for ₹102.70 crore, bringing its consolidated stake to 9.62%. JSL also partnered with M1xchange, a TReDS platform owned by Mynd Solutions. The move aims to enhance JSL's fintech capabilities, improve supply chain financing, and support MSME vendors. The acquisition is expected to complete in Q1 FY'26.

25Mar 25

Jindal Stainless Expands Fintech Footprint with Strategic Investment in Mynd Solutions

Jindal Stainless Limited (JSL) has approved the acquisition of a 5.03% stake in Mynd Solutions Private Limited for ₹102.70 crore. This investment, combined with existing holdings through its subsidiary, will bring the Jindal Stainless group's total stake in Mynd Solutions to 9.62%. Mynd Solutions operates M1xchange, a Trade Receivables electronic Discounting System (TReDS) platform. The strategic move aims to enhance supply chain financing for JSL's vendors, digitalize financing operations, and improve overall supply chain efficiency. The acquisition is expected to be completed in Q1 FY2026.

24Mar 25

Jindal Stainless Faces Headwinds: Q4 Outlook Weak, FY26 Guidance Conservative

Jindal Stainless Ltd. expects Q4 FY25 EBITDA per tonne to be around Rs 16,000.00, indicating a decline. For FY26, the company projects 9-10% growth with EBITDA per tonne of Rs 19,000.00-21,000.00. Export recovery is not anticipated until H2 FY26, and downstream expansion plans are delayed by 8-9 months due to demand uncertainty. Nuvama Research has reduced EBITDA estimates for FY25-27 by 5-13% in response to the outlook.

21Mar 25

Jindal Stainless Announces Departure of Executive Director and Group CFO Anurag Mantri

Anurag Mantri, Executive Director and Group CFO of Jindal Stainless Limited (JSL), has resigned effective April 4, 2025, to pursue new professional opportunities. During his 8-year tenure, Mantri contributed significantly to JSL's growth strategy, investor relations, M&As, corporate governance, and digital transformation. JSL has acknowledged the resignation in a regulatory filing and will make necessary disclosures as per SEBI regulations. No successor has been announced yet.

11Mar 25

Jindal Stainless Ltd Commits Rs 700 Crore to Green Initiatives, Targets Net-Zero by 2050

Jindal Stainless Ltd (JSL) announces a Rs 700 crore investment in decarbonisation projects over the next five years. The company aims to achieve net-zero emissions by 2050, with an interim target of reducing greenhouse gas emissions and carbon intensity by 50% by FY35. JSL has also launched a task force on nature-related financial disclosure (TNFD) report, demonstrating its commitment to environmental transparency and sustainable practices in the steel industry.

07Mar 25

Jindal Stainless Completes 26% Stake Divestment in Jindal Coke, Netting ₹1.95 Billion

Jindal Stainless Limited (JSL) has completed the divestment of its 26% stake in Jindal Coke Limited (JCL) in two phases. The first phase involved selling 4.87% to JSL Overseas Limited for ₹36.49 crore. The remaining 21.13% was tendered in a buyback offer by JCL, yielding ₹158.40 crore. The total consideration from this divestment amounts to ₹194.89 crore. Prior to the divestment, JCL contributed 4.10% to JSL's consolidated turnover and 4.76% to its net worth for the fiscal year ending March 31, 2024. This strategic move may allow JSL to focus on its core stainless steel business and potentially improve its financial position.

06Mar 25

Jindal Stainless Completes ₹195 Crore Divestment of Jindal Coke Stake

Jindal Stainless Limited (JSL) has completed the divestment of its 26% stake in Jindal Coke Limited (JCL) for approximately ₹195 crore. The transaction occurred in two phases: a 4.87% stake sale to JSL Overseas Limited for ₹36.49 crore, and the remaining 21.13% tendered in a buyback offer for ₹158.40 crore. This strategic move aligns with JSL's portfolio optimization efforts. As of March 31, 2024, JCL represented 4.10% of JSL's consolidated turnover and 4.76% of its consolidated net worth. The divestment was finalized on March 6, 2025, with JCL no longer an associate of JSL.

28Feb 25

Jindal Stainless Expands Portfolio with Strategic Acquisitions of AGH Dreams and Utkrisht Dream Ventures

Jindal Stainless Limited (JSL) has acquired two newly incorporated companies, AGH Dreams Private Limited (ADPL) and Utkrisht Dream Ventures Private Limited (UDVPL), for INR 1 lakh each. Both companies will become wholly-owned subsidiaries of JSL, with the primary objective of developing industrial projects. The acquisitions, approved on February 27, 2025, involve 10,000 equity shares each with a face value of INR 10 per share. JSL plans to use these entities to explore new expansion projects, aligning with its growth strategy.

27Feb 25

Jindal Stainless Expands Portfolio with Strategic Acquisitions of AGH Dreams and Utkrisht Dream Ventures

Jindal Stainless Limited (JSL) has acquired 100% equity stake in AGH Dreams Private Limited (ADPL) and Utkrisht Dream Ventures Private Limited (UDVPL) for INR 1 lakh each. The newly incorporated companies will be used to explore new expansion projects in industrial development. The acquisitions were approved by JSL's board sub-committee on February 27, 2025, with no additional regulatory approvals required.

Jindal Stainless

756.60

-32.55

(-4.12%)

1 Year Returns:-4.29%

Industry Peers