India's Leading Steel Producer Doubling Structural Steel Capacity to Support National Infrastructure
DSIJ Intelligence-2Categories: Mindshare, Trending
The company has a market cap of over Rs 1 lakh crore, and its stock price is trading 38 per cent up from its 52-week low.
On Monday, December 29, 2025, shares of Jindal Steel Limited gained 1.70 per cent to trade at Rs 1,003.30 per share, rising from the previous close of Rs 986.50. The stock opened at Rs 988.50 and moved between an Intraday high of Rs 1,010 and a low of Rs 988.50. The volume-weighted average price (VWAP) stood at Rs 1,001.56.
Jindal Steel’s shares are currently trading below their 52-week high of Rs 1,098.30, while remaining well above the 52-week low of Rs 723.95, reflecting steady investor interest in the counter.
The positive movement in the stock comes amid a major capacity expansion announcement by the company. Jindal Steel Limited has unveiled plans to double its structural steel manufacturing capacity at its Raigarh facility, increasing output from 1.2 million tonnes per annum (MTPA) to 2.4 MTPA by mid-2028. The expansion is aligned with India’s growing infrastructure and energy requirements and aims to strengthen domestic availability of heavy and ultra-heavy structural steel.
A key feature of the expansion is the company’s plan to manufacture India’s largest parallel flange structural sections, with depths of up to 1,100 mm and weights reaching 1,500 kg per metre. These specialised steel sections are critical for refineries, high-rise buildings, large infrastructure projects, and renewable energy installations. By producing them domestically, Jindal Steel aims to reduce India’s dependence on imported structural steel.
The project includes the commissioning of a new dedicated structural steel mill, along with advanced technology upgrades to improve execution speed, precision, and design efficiency for complex engineering applications. The expansion is expected to support national infrastructure development while enhancing Jindal Steel’s competitive position in the domestic and global markets, where structural steel demand continues to rise alongside large-scale capital expenditure.
The company has a market cap of over Rs 1 lakh crore, and its stock price is trading 38 per cent up from its 52-week low.
Disclaimer: The article is for informational purposes only and not investment advice.