Jindal Stainless Eyes Maharashtra for Next Growth Phase, Plans New Capacity

• Jindal Stainless CEO Tarun Kumar Khulbe announced Maharashtra as the key driver for the company's next growth phase, with plans for new capacity.
• The company is actively working on land acquisition and other steps for a greenfield project in Maharashtra, expecting to share a clear plan and timeline within one to two quarters.
• Jindal Stainless reported a 26.6% year-on-year rise in net profit for Oct-Dec 2025, supported by higher revenue and margin expansion.
• The company maintains its FY26 volume growth guidance of 9-10% and expects EBITDA per tonne to close around ₹21,000+ for the year.
• Jindal Stainless has completed ₹2,200 crore of its ₹2,700 crore capex guidance and reduced net debt to ₹3,451 crore, achieving strong financial ratios.

Why It Matters: Jindal Stainless is strategically investing in Maharashtra for future growth, backed by strong financial performance.