Jindal Stainless chalks out Rs 2,000-3,000 cr capex plan for next 2-3 yrs

Currently, Jindal Stainless' Odisha plant has a capacity of 1.1 million tonnes, while its Hisar plant is a 0.8 million tonne specialised product division

Post the merger of Jindal Stainless (Hisar) Limited with Jindal Stainless Limited, the company has chalked out a capex plan to cash on the strong demand visibility in the domestic market.

“We have a capex plan of Rs 2,000-3,000 crore for the next 2-3 year as we look to double the capacity at our Odisha plant. The entire capex will be funded via internal accruals,” Abhyuday Jindal, managing director of Jindal Stainless told Business Standard.

Currently, Jindal Stainless' Odisha plant has a capacity of 1.1 million tonne, while its Hisar plant is a 0.8 million tonne specialised product division.

“For