Jindal Stainless unveiled a Rs 5,400 crore investment plan focusing on expanding its melting and downstream capacities. This includes a joint venture in Indonesia for a stainless steel melt shop, expected to increase melting capacity by 40%. Additionally, investments in Odisha and a stake acquisition in Chromeni Steels aim to enhance operations.
Jindal Stainless has recently given a breakout at its all-time high level of Rs 622. This configuration hints at a potential bullish momentum in coming trading sessions.