Jindal Steel gains on completing 6 MTPA expansion at Angul Integrated Steel Complex in Odisha
The company has fully operationalised its expansion from 6 MTPA to 12 MTPA at Angul within the planned timeframe
Jindal Steel is currently trading at Rs. 1120.35, up by 14.40 points or 1.30% from its previous closing of Rs. 1105.95 on the BSE.
The scrip opened at Rs. 1128.00 and has touched a high and low of Rs. 1138.60 and Rs. 1112.90 respectively. So far 14753 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1270.00 on 26-Feb-2026 and a 52 week low of Rs. 770.00 on 09-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1195.70 and Rs. 1102.00 respectively. The current market cap of the company is Rs. 114397.78 crore.
The promoters holding in the company stood at 62.69%, while Institutions and Non-Institutions held 28.11% and 9.20% respectively.
Jindal Steel has completed its 6 MTPA expansion at its Angul Integrated Steel Complex in Odisha by commissioning the third Basic Oxygen Furnace (BOF-3) of 3 MTPA, taking the plant’s total crude steel capacity to 12 MTPA-positioning it among India’s largest single-location integrated steel complexes.
The expansion completes the operationalisation of BOF 2 & BOF-3, along with a suite of associated upstream and downstream facilities, including coke ovens, the CRM complex, and other critical infrastructure-ensuring seamless integration and ramp-up of capacity. With this, the company has fully operationalised its expansion from 6 MTPA to 12 MTPA at Angul within the planned timeframe. Post this expansion, the company’s overall crude steel capacity has increased to 15.6 MTPA, including 3.6 MTPA at its Raigarh facility.
The expanded capacity is expected to drive higher volumes and improve capacity utilisation, supporting revenue growth while delivering operating leverage benefits. With increased integration and scale, the company is well-positioned to enhance margins, optimise costs, and improve profitability, while strengthening domestic steel capacity in line with India’s nation-building priorities and the vision of Atmanirbhar Bharat.
Jindal Steel (formerly known as Jindal Steel & Power) is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in steel, power generation and infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.
