Jindal Stainless Ltd (JSL) is planning to spend INR 6000 crore over the next 2 years for expansion of its manufacturing capacity. The bulk of the investment would go into the construction of phase II of its stainless steel plant at Jajpur in Orissa. Mr Ratan Jindal vice CMD of Jindal Stainless said that “We would spend about INR 5,600 crore in the setting up of second phase of 0.8 million tonnes per annum of steel in Jajpur in Orissa. The plant would be commissioned by 2012.” He said that the expansion plant at Hissar in Haryana would require INR 400 crore. He added that “We would take our current cold rolling capacity of 0.275 million tonnes at Hissar to about 0.4 million tonnes by the end of 2009. The investment in Hissar plant would be done mainly through internal accruals.”
