Jindal Stainless Ltd

Jindal Stainless' Hisar plant has been awarded the Zero Waste to Landfill (ZWTL) certification with a Platinum+ rating. The certification, verified by Bureau Veritas India, highlights the Hisar unit's robust waste management framework and its efforts towards strengthening waste segregation, minimising landfill disposal, and embedding sustainable waste management practices across the plant. During the reporting period from FY 2024-25, the facility achieved an exceptional waste diversion rate of 99.99%, ensuring that nearly all waste generated was effectively recycled, reused, or recovered, with negligible quantities directed to landfill. The assessment, conducted as per mass balance methodology, acknowledges the unit's strong alignment with circular economy principles and its ongoing commitment to responsible industrial operations.

Jindal Stainless Ltd rose for a third straight session today. The stock is quoting at Rs 783.7, up 1.27% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 24321.3. The Sensex is at 77951.82, up 1.39%. Jindal Stainless Ltd has added around 10.23% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has added around 17.53% in last one month and is currently quoting at 13046.45, up 0.34% on the day. The volume in the stock stood at 2.5 lakh shares today, compared to the daily average of 7.67 lakh shares in last one month.The PE of the stock is 23.06 based on TTM earnings ending December 25.

Jindal Stainless will hold a meeting of the Board of Directors of the Company on 4 May 2026.

Jindal Stainless Ltd gained for a third straight session today. The stock is quoting at Rs 770.15, up 1.72% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.99% on the day, quoting at 24011.35. The Sensex is at 77413.31, up 1.02%. Jindal Stainless Ltd has gained around 4.56% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has gained around 3.52% in last one month and is currently quoting at 12229.7, up 0.07% on the day. The volume in the stock stood at 2.87 lakh shares today, compared to the daily average of 8.45 lakh shares in last one month.The PE of the stock is 22.56 based on TTM earnings ending December 25.

Jindal Stainless has announced Ranveer Singh, one of India's most celebrated actors and cultural icons, as its first ever brand ambassador and nationwide celebrity endorser. The association marks a significant step in the company's efforts to expand brand visibility and strengthen its connect with consumers. Known for his grit, performance, and reliability, Ranveer Singh's persona mirrors the brand's core ethos. Through this association, Ranveer Singh will lead campaigns across television, digital, and social media, reinforcing stainless steel's position as a trusted material powering India's growth. Commenting on the announcement, Managing Director, Jindal Stainless, Abhyuday Jindal, said, 'Ranveer Singh represents not only the present but also the future of Indian cinema, deeply committed to the work behind performance. As Jindal Stainless embarks on its next phase of growth, his dynamic personality and strong connect with audiences make him a fitting partner, to help bring the versatility of stainless steel closer to people across the country.

The project, developed by Oyster Renewable at an investment of over Rs 2,000 crore, includes a committed investment of Rs 132 crore from Jindal Stainless. It spans Madhya Pradesh and Gujarat, with around 216 MW of solar and wind capacity in Madhya Pradesh and an additional 99 MW in Gujarat. The facility is being commissioned in phases, beginning with the Madhya Pradesh unit, followed by the Gujarat installation. The project is aimed at supporting Jindal Stainless' transition towards a cleaner and more resilient energy mix, underscoring the increasing role of large-scale renewable infrastructure in industrial decarbonisation. The hybrid project combines bifacial solar modules with tracker systems and advanced 3.15 MW wind turbines supplied by Suzlon Energy in a co-located configuration. The design is expected to enable a more balanced generation profile by leveraging both solar and wind resources, improving power availability and ensuring a more stable supply of renewable energy for industrial use. Jindal Stainless is India's leading stainless-steel manufacturer of stainless steel flat products, in austenitic, ferritic, martensitic and duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods, etc. The company's consolidated net profit jumped 26.56% to Rs 828.79 crore on 6.16% increase in revenue from operations to Rs 10,517.55 crore in Q3 FY26 over Q3 FY25. Shares of Jindal Stainless fell 2.64% to Rs 705.25 on the BSE. Powered by Capital Market - Live

Jindal Stainless and Oyster Renewable Energy today announced the part commissioning of a 315.6 MW solar-wind hybrid renewable energy project in Agar-Malwa, Madhya Pradesh, marking a significant milestone in advancing clean energy adoption within India's industrial sector. The project, developed by Oyster Renewable and set at a total investment of over Rs 2,000 crore, includes a committed investment of Rs 132 crore from Jindal Stainless. It spans Madhya Pradesh and Gujarat, with ~216 MW of solar and wind power to be generated in Madhya Pradesh and an additional 99 MW in Gujarat. The project is currently being commissioned in phases, starting with the Madhya Pradesh facility, to be followed by the commissioning of the Gujarat facility. Designed to support Jindal Stainless' transition towards a cleaner and more resilient energy mix, the project reinforces the growing role of large-scale renewable infrastructure in driving industrial decarbonisation. The project integrates bifacial solar modules with tracker systems alongside advanced Suzlon 3.15 MW wind turbines in a co-located hybrid configuration. This design enables a more balanced renewable generation profile by harnessing both solar and wind resources, helping improve power availability and supporting the delivery of more stable renewable energy for industrial consumption. Powered by Capital Market - Live

The development marks a key milestone in the company's global expansion strategy. With this, the company's total melting capacity has increased to 4.2 MTPA, including 3 MTPA in India. Complementing this, Jindal Stainless is set to commission a 1.1 MTPA Hot Rolled Annealed Pickled (HRAP) line by Q4FY27 and 0.17 MTPA cold rolling capacity by Q2FY27 at its Jajpur, Odisha facility, as part of its earlier announced Rs 1,900 crore investment. The company has also earmarked an additional Rs 900 crore to expand cold rolling capacities at its Hisar and Kharagpur plants, expected to be commissioned by Q2FY28. These expansions will support production of thinner cold rolled products catering to high-growth sectors. Following the capacity additions, Jindal Stainless aims to increase its cold rolling capacity from 2.05 MTPA in FY26 to 2.67 MTPA by FY28, with downstream facilities accounting for 64% of total melt capacity. The company is targeting sales volumes of around 3.5 MTPA by FY29, implying a double-digit CAGR over the next three years. Abhyuday Jindal, managing director (MD), Jindal Stainless, said, 'The commissioning of the Indonesia facility ahead of schedule, alongside a significant push in downstream capabilities, reflects our commitment to raw material security and Press Release integrated approach to growth. While expanding our production footprint, we are equally focused on enhancing value addition through a stronger portfolio of thinner cold-rolled products. Collectively, these efforts will enable us to better serve evolving market needs and reinforce our position on the global stainless steel map.' Tarun Khulbe, CEO, Jindal Stainless, said, Expansion in melt capacity and corresponding strengthening of downstream facilities speaks volumes about our commitment to fuel the Indian growth story. Our capacity and production enhancements are in line with the robust domestic potential of our country. With the activation of new capacities, we will unlock the next phase of growth for Jindal Stainless, strengthening our vision to build world-class capabilities in stainless steel. Jindal Stainless is India's leading stainless-steel manufacturer of stainless steel flat products, in austenitic, ferritic, martensitic and duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods, etc. The company's consolidated net profit jumped 26.56% to Rs 828.79 crore on 6.16% increase in revenue from operations to Rs 10,517.55 crore in Q3 FY26 over Q3 FY25. Powered by Capital Market - Live

Jindal Stainless Ltd gained for a third straight session today. The stock is quoting at Rs 745.3, up 1.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.61% on the day, quoting at 23722.1. The Sensex is at 76393.47, down 0.61%. Jindal Stainless Ltd has slipped around 2.47% in last one month. Meanwhile, Nifty Metal index of which Jindal Stainless Ltd is a constituent, has slipped around 0.98% in last one month and is currently quoting at 11822.1, down 0.55% on the day. The volume in the stock stood at 3.16 lakh shares today, compared to the daily average of 10.27 lakh shares in last one month.The PE of the stock is 21.9 based on TTM earnings ending December 25.Powered by Capital Market - Live

Jindal Stainless Ltd gained 2.49% today to trade at Rs 759.05. The BSE Metal index is up 1.15% to quote at 39490.63. The index is up 3.31 % over last one month. Among the other constituents of the index, Tata Steel Ltd increased 2.36% and Lloyds Metals & Energy Ltd added 2.13% on the day. The BSE Metal index went up 41.64 % over last one year compared to the 9.56% surge in benchmark SENSEX. Jindal Stainless Ltd has lost 5.61% over last one month compared to 3.31% gain in BSE Metal index and 0.02% drop in the SENSEX. On the BSE, 17145 shares were traded in the counter so far compared with average daily volumes of 24223 shares in the past one month. The stock hit a record high of Rs 883.25 on 07 Jan 2026. The stock hit a 52-week low of Rs 497 on 07 Apr 2025.Powered by Capital Market - Live