JINDAL STEEL LIMITED has informed the Exchange regarding a press release dated December 29, 2025, titled "Jindal Steel to Double Structural Steel Capacity at Raigarh to 2.4 MTPA".
JINDALSTEL · price
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Jindal Steel Limited has informed the exchanges about a press release dated December 29, 2025, announcing plans to double its structural steel capacity at the Raigarh facility to 2.4 Million Tonnes Per Annum (MTPA). This represents a significant capacity expansion in the company's structural steel segment. The move positions Raigarh to become one of the larger single-location structural steel plants in the country. The announcement signals the company's confidence in growing domestic demand for structural steel products used in construction and infrastructure.
This is a positive growth announcement for shareholders, signalling confidence in rising structural steel demand. However, doubling capacity will require substantial capital expenditure, which could pressure near-term cash flows and may lead to higher debt levels during the build phase.