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Jindal Steel & Power Ltd. ( (IN:JINDALSTEL) ) has issued an update.
Jindal Steel has commissioned a new 3 MTPA Basic Oxygen Furnace at its Angul plant, increasing its crude steelmaking capacity from 6 MTPA to 9 MTPA. This expansion, synchronized with Blast Furnace 2, enhances the company’s ability to supply Indian-made steel for key sectors such as infrastructure and automotive, marking a significant step towards India’s steel self-reliance.
More about Jindal Steel & Power Ltd.
Jindal Steel is a leading integrated steel producer in India, known for its scale, efficiency, and commitment to excellence. The company operates on a robust mine-to-metal model, utilizing captive resources and advanced manufacturing capabilities. With an investment footprint exceeding USD 12 billion, Jindal Steel has state-of-the-art facilities in Angul, Raigarh, and Patratu, and maintains strategic operations across India and Africa. Its diversified product portfolio supports core sectors such as infrastructure, construction, and manufacturing.
Average Trading Volume: 42,091
Technical Sentiment Signal: Buy
Current Market Cap: 1050.3B INR
Find detailed analytics on JINDALSTEL stock on TipRanks’ Stock Analysis page.