The first phase of Jindal Stainless Group’s brownfield project for cold-rolled products at Jajpur in Odisha is expected to be commissioned this month.
Vijay Sharma, Senior Vice-President and Head of Sales, said the first unit with one lakh tonne capacity will go on stream this month, while the second unit of another one lakh tonne capacity is likely to be commissioned by the next fiscal.
Speaking to reporters, he said, “Ramping up of capacity of cold-rolled products will give us better margins.”
Jindal Stainless Group includes Jindal Stainless Ltd and Jindal Stainless (Hisar) Ltd. Presently, the group produces close to 10.5 lakh tonnes (lt) of cold-rolled stainless steel across three units – 4.5 lt in Odisha, 4.5 lt in Hisar and the remaining 1.5 lt at its subsidiary PT Jindal Stainless in Indonesia.
Image Credit : www.jindalstainless.com