Jindal Stainless on Monday launched its first stainless steel fabrication unit built with an initial investment of approximately Rs 125 crore. The facility is located at Washivali, Patalganga, in Mumbai spanning 4 lakh square ft.
Built under the company's subsidiary Jindal Stainless Steelway Limited ( JSSL), the fabrication unit will cater to the needs of bridge sector and focus on fabricating, among other critical components, various types of girders.
BY FY27, the unit is expected to achieve an annual fabrication capacity of 18,000 tonnes, up from an estimated 4,000 tonnes in the current financial year. With this, the company aims to meet the growing demand for sustainable, high-quality bridge infrastructure.
"This facility marks a strategic leap for the company, strengthening its position as both a leading supplier of stainless steel material and a provider of end-to-end fabrication solutions for India’s rapidly growing infrastructure sector," the steel major said in a statement.
Jindal Stainless, CEO & CFO, Tarun Khulbe, inaugurated the unit in the presence of other members of the company’s senior leadership.
"Developing a trained fabricator ecosystem has long been a challenge in fully translating the excellence of sustainable stainless steel material into reliable, high-quality fabrications," Khulbe said. "With the launch of this facility, we are bridging that gap, by bringing together material excellence, skilled fabrication, and streamlined processes to deliver timely and superior infrastructure solutions.”
Jindal Stainless Limited plans future expansion of the fabrication facility to other regions in India.
Shares of Jindal Stainless were trading at Rs 765.45 per share after a 2.89% decline as on 11:14 on Monday.
In FY25, the company reported an annual turnover of Rs 40,182 crore. It aims to reach 4.2 million tonnes of annual melt capacity in FY27. Currently, it runs 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, and a worldwide network in 12 countries, as of March 2025.
Built under the company's subsidiary Jindal Stainless Steelway Limited ( JSSL), the fabrication unit will cater to the needs of bridge sector and focus on fabricating, among other critical components, various types of girders.
BY FY27, the unit is expected to achieve an annual fabrication capacity of 18,000 tonnes, up from an estimated 4,000 tonnes in the current financial year. With this, the company aims to meet the growing demand for sustainable, high-quality bridge infrastructure.
"This facility marks a strategic leap for the company, strengthening its position as both a leading supplier of stainless steel material and a provider of end-to-end fabrication solutions for India’s rapidly growing infrastructure sector," the steel major said in a statement.
Jindal Stainless, CEO & CFO, Tarun Khulbe, inaugurated the unit in the presence of other members of the company’s senior leadership.
"Developing a trained fabricator ecosystem has long been a challenge in fully translating the excellence of sustainable stainless steel material into reliable, high-quality fabrications," Khulbe said. "With the launch of this facility, we are bridging that gap, by bringing together material excellence, skilled fabrication, and streamlined processes to deliver timely and superior infrastructure solutions.”
Jindal Stainless Limited plans future expansion of the fabrication facility to other regions in India.
Shares of Jindal Stainless were trading at Rs 765.45 per share after a 2.89% decline as on 11:14 on Monday.
In FY25, the company reported an annual turnover of Rs 40,182 crore. It aims to reach 4.2 million tonnes of annual melt capacity in FY27. Currently, it runs 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, and a worldwide network in 12 countries, as of March 2025.
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