Jindal Steel Doubles Angul Capacity to 12 MTPA, Lifting Total Output to 15.6 MTPA

Jindal Steel & Power Ltd. ( (IN:JINDALSTEL) ) has shared an announcement.

Jindal Steel has completed a 6 MTPA expansion at its Angul Integrated Steel Complex in Odisha by commissioning its third Basic Oxygen Furnace, BOF-3, taking the plant’s crude steel capacity to 12 MTPA and placing it among India’s largest single-location integrated steel complexes. This expansion, which fully operationalises BOF-2 and BOF-3 along with associated coke ovens, cold rolling mill facilities and other infrastructure, was completed within the planned timeframe.

Following the Angul ramp-up, the company’s total crude steel capacity has risen to 15.6 MTPA, including 3.6 MTPA at Raigarh, positioning Jindal Steel to drive higher volumes and better capacity utilisation. Management expects the larger, more integrated scale to support revenue growth, deliver operating leverage, enhance margins and optimise costs, while also strengthening domestic steel capacity in line with India’s nation-building and Atmanirbhar Bharat objectives.

More about Jindal Steel & Power Ltd.

Jindal Steel Limited, formerly Jindal Steel & Power, is one of India’s leading integrated steel producers, operating on a mine-to-metal model with captive resources and advanced manufacturing. Its state-of-the-art facilities in Angul, Raigarh, and Patratu support a diversified product portfolio for infrastructure, construction, and manufacturing markets in India and abroad.

Backed by an investment footprint of over USD 12 billion and a global distribution network, the company focuses on high-performance steel solutions that align with India’s development priorities and sustainability goals. Its operations in India and Africa position it as a key supplier to core sectors, underpinning long-term demand for its products.

Average Trading Volume: 46,520

Technical Sentiment Signal: Buy

Current Market Cap: 1211.2B INR

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