Jindal India Launches Rs 1,500 Cr Downstream Steel Plant

Jindal India rolled out the downstream steel facility located in West Bengal as part of a strategic investment plan worth Rs 1,500 crore. The newly commissioned unit will have an annual production capacity of 0.6 million tonnes, signaling a substantial increase in the company's total tonnage.

This new development will result in a 60 percent increment in Jindal India’s overall yearly capacity from 1 million tons to 1.6 million tons thus, the company’s standing in the domestic steel market will be considerably solidified. The business is looking forward to making good use of this capacity enhancement to allow their sales revenue to grow in the next years.

The enlargement project is designed to focus extensively on the present product lines. The output of the steel wire industry will grow from 60 to 75 percent as well as the manufacturing barriers. Besides that, the production of pipes will go up by 40 percent.

This initiative is part of Jindal India’s larger strategy that includes expanding its downstream area and providing a better quality of steel product which is in high demand for infrastructure, industrial, and automotive sectors.

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Jindal India is among the numerous companies that belong to the BC Jindal Group which is a $2.5 billion diversified conglomerate with holdings in steel, energy, and packaging films. The group's determination to capacity extension and superb operations is the basis for its concentration on long-term growth and being a market leader in India’s steel sector.