JSL Plans Rs 40K-Cr Capex In Maharashtra

New Delhi: Jindal Stainless Ltd (JSL) is serious about Maharashtra and is engaged in discussions with the state government to acquire a land parcel for its proposed Rs40,000-crore stainless steel manufacturing facility, its MD Abhyuday Jindal said.

At present, Jindal Stainless has a capacity of 3 million tonnes per annum at its two plants in Hisar (Haryana) and Jajpur (Odisha). The company is in the process of ramping up capacity to 4.2 MT by FY27. In an interview to PTI, Jindal said: “We are very serious about the investment. Currently, we are in discussions with the state government for acquisition of land.”

He made the remarks in reply to a question seeking an update on the agreement signed with the Maharashtra government in March this year. On the capex for FY26, Jindal said it has been fixed at Rs2,700 crore, which includes Rs1,000 crore spillover of FY25. In FY25, the company’s capex guidance was Rs5,500 crore, but it translated into Rs4,500 crore. So the remaining has been added to FY26. On the India-UK FTA, he said it may not have a direct impact, but can indirectly impact growth of the company through its customers.