Jindal Stainless Limited announced expansion in downstream capacity in Jajpur, Odisha. The company announced major expansion and acquisition plans to augment its melting and downstream capacities, to become one of the larger stainless steel producers in the world. The company announced a three-pronged investment strategy worth nearly INR 54,000 million to achieve global leadership in stainless steel.

The company also set aside around INR 19,000 million for the expansion of its downstream lines in Jajpur, Odisha, to be able to process an increase in melting capacity. Besides, the company earmarked nearly INR 14,500 million towards the associated upgradation of infrastructural facilities, such as railway siding, sustainability-related projects, and renewable energy generation.