Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Jindal Stainless Limited ( (IN:JSL) ) has provided an announcement.
Jindal Stainless Limited has launched its first stainless steel fabrication unit in Mumbai through its subsidiary, Jindal Stainless Steelway Limited. The facility, developed with an initial investment of approximately ₹125 crore, aims to enhance the company’s position in the infrastructure sector by providing end-to-end fabrication solutions. The unit is expected to reach a fabrication capacity of 18,000 tonnes per annum by FY26-27, significantly increasing from the current capacity. This strategic move not only boosts production capacity but also creates over 250 jobs and supports over 150 families indirectly, while serving as a center for skill development in the industry.
More about Jindal Stainless Limited
Jindal Stainless Limited is India’s largest stainless steel manufacturer, focusing on providing high-quality stainless steel products and integrated infrastructure solutions. The company operates in the infrastructure sector, supplying stainless steel materials and fabrication services to support the development of critical infrastructure like bridges.
Average Trading Volume: 38,094
Technical Sentiment Signal: Buy
Current Market Cap: 649.8B INR
See more data about JSL stock on TipRanks’ Stock Analysis page.