Jindal Stainless rises on planning to double slag processing capacity at Odisha plant
Jindal Stainless is currently trading at Rs. 789.75, up by 13.95 points or 1.80% from its previous closing of Rs. 775.80 on the BSE.
The scrip opened at Rs. 785.55 and has touched a high and low of Rs. 792.30 and Rs. 777.10 respectively. So far 14795 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 818.20 on 25-Aug-2025 and a 52 week low of Rs. 497.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 792.30 and Rs. 751.85 respectively. The current market cap of the company is Rs. 64902.43 crore.
The promoters holding in the company stood at 61.10%, while Institutions and Non-Institutions held 28.34% and 10.56% respectively.
Jindal Stainless is doubling its slag processing capacity with a new wet milling plant at its Jajpur, Odisha, unit. This initiative will support the company’s expanded capacity operations and long-term circularity goals by recovering metal from industrial waste and conserving natural resources. It will also create around 140 new jobs in the region. This initiative forms an integral part of the company’s long-term Environmental, Social and Governance (ESG) goals and its commitment to achieve Net Zero by 2050.
For this initiative, the company has partnered with Harsco Environmental, a global leader in providing innovative environmental solutions for the metal industry. The company is committing to a spend of $150 million to build and operate the plant under a 15-year partnership with Harsco Environmental, further strengthening the long-standing collaboration between the two companies in advancing circular operations. Over the agreement period, this plant will pay back the equivalent value through metal recovery from slag.
Jindal Stainless (JSL) is one of the largest stainless steel conglomerates in India and ranks amongst the top 10 stainless steel conglomerates in the world.
