JSL to Set Up 4 MTPA Stainless Steel Plant in Maharashtra with ₹40,000 Crore Investment

Jindal Stainless Ltd (JSL) has proposed an investment of Rs 40,000 crore in Maharashtra to establish a stainless steel manufacturing facility. The company has submitted an investment proposal to the Maharashtra government, which received approval from the state cabinet subcommittee led by Deputy Chief Ministers Eknath Shinde and Ajit Pawar.

The investment will be executed over the next decade and is expected to generate over 15,000 job opportunities. The proposed facility will have a total melting capacity of 4 million tonnes per annum and will be developed in phases. The initial phase is expected to become operational within four years.

JSL Chairman Ratan Jindal stated that the investment aligns with the company’s goal of strengthening India’s stainless steel production capabilities. The facility aims to support various industries, including hydrogen, nuclear energy, defence, mobility, infrastructure, and process industries. It will produce stainless steel flat products in different grades, finishes, and thicknesses.

The Maharashtra government has committed to facilitating the project by expediting the required approvals, clearances, and financial incentives from relevant state departments.

JSL’s investment is expected to enhance domestic stainless steel production and reduce reliance on imports. The company plans to integrate advanced technology in manufacturing and set industry benchmarks in production efficiency and quality.

The facility will be developed in multiple stages, with each phase incorporating technological advancements to improve output and efficiency. The first phase will involve setting up core production units, followed by expansions that will increase capacity and diversify product offerings. The company aims to ensure the facility meets the needs of various industries by adopting advanced metallurgical processes.

The establishment of the plant in Maharashtra is expected to attract investments in related industries, including raw material suppliers, logistics providers, and processing units. This will contribute to the state’s industrial ecosystem and create additional employment in allied sectors.

JSL has a history of expanding its production capabilities to meet domestic and international demand. With this investment, the company plans to strengthen its market position and explore new opportunities in high-growth sectors. The production of specialized stainless steel grades will cater to industries requiring corrosion-resistant, high-strength materials for critical applications.

The Maharashtra government has indicated that it will support JSL’s expansion by simplifying land acquisition processes and ensuring timely approvals. The collaboration between the public and private sectors is expected to enhance industrial development and improve infrastructure around the proposed site.

JSL’s long-term vision includes sustainable production practices, energy-efficient processes, and minimizing environmental impact. The company plans to incorporate modern recycling methods to optimize resource use and reduce waste generation.

By setting up a large facility, JSL aims to support India's self-sufficiency in stainless steel manufacturing and contribute to economic growth. The investment will help expand industrial capacity and strengthen supply chains for key sectors.