Jindal Stainless (Hisar) Limited (JSHL) has commissioned the 26,000 tonnes per annum (TPA) capacity Precision Strip Mill as part of the first phase of its latest brownfield expansion plan at its Specialty Products Division (SPD). This capacity expansion takes the total precision strip production capacity to 48,000 TPA from the existing 22,000 TPA. The capacity expansion of precision strips will further strengthen the company’s presence in segments like auto, process industry, and oil and petrochemical, and will be augmenting supplies to aerospace and electric vehicles. The capacity expansion at SPD is part of the company’s plan to leverage its leadership position in specialty and value-added products. After this expansion, the operational capability will expand and products up to 650 mm width would be manufactured. This expansion will further help the company consolidate its leadership position in the international market.
The total CAPEX for brownfield expansion is estimated at INR 450 crore over the next two years. As part of the expansion of SPD, JSHL will increase its total precision strip capacity to 60,000 tonnes per annum by the end of Q2FY23 with an estimated Capex of INR 250 crore. To expand its market outreach, the company will also augment its blade steel capacity to 24,000 TPA from the existing 14,000 TPA over two years with an estimated total CAPEX of INR 200 crore. JSHL is among the world’s leading razor blade steel producers and supplies to global brands in this space. The plant is equipped to produce blade steel in thickness as low as 0.07mm; nearly 20 billion blades are made out of company’s blade steel every year.