Jindal Stainless shares jump nearly 50% in 6 months; what investors need to know today

This step is aimed at setting new benchmarks in integrated infrastructure excellence. The 4 lakh square ft facility will cater to the needs of the bridge sector and focus on fabricating, among other critical components, various types of girders. The unit was inaugurated by Jindal Stainless CEO & CFO Tarun Khulbe, in the presence of other members of the company’s senior leadership.

"Developed with an initial investment of approximately ₹125 crore, this facility marks a strategic leap for the company, strengthening its position as both a leading supplier of stainless steel material and a provider of end-to-end fabrication solutions for India’s rapidly growing infrastructure sector," the press release said.

By FY26-27, the unit is expected to achieve an annual fabrication capacity of 18,000 tonnes, up from an estimated 4,000 tonnes in the current financial year, to meet the growing demand for sustainable, high-quality bridge infrastructure.

Beyond boosting capacity, the unit will directly create over 250 jobs and benefit 150+ families indirectly, while also serving as a centre of excellence for skill development, equipping India’s workforce for the infrastructure of tomorrow, the company added.

Commenting on the development, Jindal Stainless Managing Director Abhyuday Jindal said, “This fabrication unit represents another step in our efforts to provide integrated solutions for customers. Bridges are critical connectors, linking people, businesses, and economic activity across the nation. With this unit, our aim is to implement stronger end-to-end quality management, ensuring that these vital structures are built to the highest standards and supporting India’s broader infrastructure growth.”

Tarun Khulbe, CEO & CFO, said, "“Developing a trained fabricator ecosystem has long been a challenge in fully translating the excellence of sustainable stainless steel material into reliable, high-quality fabrications. With the launch of this facility, we are bridging that gap by bringing together material excellence, skilled fabrication, and streamlined processes to deliver timely and superior infrastructure solutions.”

About Jindal Stainless

Jindal Stainless is one of the leading stainless steel manufacturers in India. Jindal Stainless had an annual turnover of ₹40,182 crore (USD 4.75 billion) in FY25 and is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity in FY27.

It has 16 stainless steel manufacturing and processing facilities in India and abroad, including in Spain and Indonesia, and a worldwide network in 12 countries, as of March 2025. In India, there are ten sales offices and six service centres as of March 2025. The company’s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, wire rods, rebars, blade steel, and coin blanks.

Jindal Stainless share price trend

Shares of the company have rallied over 48% over the past six months. On a year-to-date (YTD) basis, the stock has gained around 10%.

In the afternoon deals on Monday, October 6, the scrip was trading at ₹765.95, down over 2.8%.