Jindal Stainless Ltd (JSL) is at a preliminary stage of USD 60 million investment for construction of a steel mill having an annual capacity of 0.4 million tonnes of stainless steel in Russia’s NW Leningrad region. Leningrad’s economic development commission has offered potential sites for the proposed plant and also wants construction of the plant to begin in 2008-09. In India, Jindal Stainless plans to set up a 1.6 million tonnes integrated stainless steel plant in Orissa in phases and is also firming its capacity of its Hisar plant to 0.9 million tonnes from 0.6 million tonnes.
