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regular-article-logo Friday, 20 December 2024

Jindal India plans Rs 1500 crore capital expenditure plan

Following the execution of the projects, the capacity of JIL, which has a registered office in Howrah, would be expanded to 1 million tonnes from 0.6 mt at present

Our Special Correspondent Calcutta Published 20.09.24, 11:03 AM
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Representational image File image

Secondary steel producer Jindal India Ltd, part of the BC Jindal group, announced a 1,500 crore capital expenditure plan which would benefit the company’s plant in Howrah.

Following the execution of the projects, the capacity of JIL, which has a registered office in Howrah, would be expanded to 1 million tonnes from 0.6 mt at present.

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Production from the newly added capacity, focusing on coated flat products, pipes, and crash barriers, is scheduled to commence in FY25, with full completion expected by FY26.

This will enable JIL to increase production capacity for its existing products, expand its product portfolio to serve new segments such as solar and home appliances, a statement said.

The new production lines will be established at the company’s manufacturing facility in Ranihati, Howrah, with equipment supplied by machinery providers such as John Cockerill and Esmech Equipment (SMS Group). The other plant of JIL is located at Dhulagarh, Howrah.

A spokesperson from Delhi-based JIL said, “The increased focus on rapidly augmenting the nation’s highway network with critical safety components such as crash barriers is a key area where Jindal India has been adding value.

“We also aim to further expand our geographical footprint in the country, strengthen our dominance in products like colour coated sheets and diversify our product portfolio to include new segments such as solar.”

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