JINDAL STEEL LIMITED has informed the Exchange regarding a press release dated September 30, 2025, titled "Jindal Steel Commissions New 3 MTPA Basic Oxygen Furnace at Angul, Expands Steelmaking Capacity to 9 MTPA".

Greenfield CommissionedCapex & Operations View source PDF Explain this filing

JINDALSTEL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹1040.00

prior close

₹1043.35

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.1%+2.2% vs market

Iron & Steel peers, median of 9sector+1.0%+1.1% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty 100 and 1.1 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.8

10m

+0.8

15m

+0.7

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1-0.1+2.2+1.0+1.1

Next day

+2.3+0.7+1.6+1.6+0.7

+3.6+1.0+2.6+2.9+0.6

+1.0+1.7-0.7+2.6-1.6

-0.5+1.8-2.3+1.7-2.2

-1.9+1.5-3.4+1.4-3.3

-2.5+2.4-4.9+2.5-5.0

15d

-3.1+4.6-7.7-1.5-1.6

+2.8+4.8-2.0+3.7-0.9

+0.9+5.5-4.7-0.4+1.3

-1.9+4.6-6.5-1.6-0.3

UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Jindal Steel has commissioned a new 3 MTPA Basic Oxygen Furnace (BOF) at its Angul integrated steel plant in Odisha. With the first heat successfully tapped, total crude steelmaking capacity at Angul has risen from 6 MTPA to 9 MTPA. The expansion is synchronised with Blast Furnace 2, enabling steady hot metal flow into downstream products. The company aims to scale Angul's capacity to 12 MTPA within the current financial year. Chairman Naveen Jindal highlighted that this strengthens India's domestic steel self-reliance for infrastructure, energy, automotive, oil & gas, and real estate sectors.

Likely market impact

This is a meaningful capacity expansion that should boost future production volumes and revenue potential at Jindal Steel's flagship Angul plant. Positive for long-term growth, though near-term stock impact may be limited as the commissioning was largely anticipated. Investors should track volume ramp-up and utilisation in coming quarters.