Jindal Ferrous Enters Carbon Steel Market With 5,000 Crore Odisha Plant
Jindal Ferrous has launched integrated carbon steel production in Jajpur, Odisha, with a 2.2 million tonne annual capacity, according to TradingView.
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what happened
Jindal Ferrous has started integrated carbon steel production at a new plant in Jajpur, Odisha, backed by an investment of Rs 5,000 crore. The facility can produce 2.2 million tonnes of steel a year. Chief Minister Mohan Charan Majhi inaugurated it on 14 October 2026, according to TradingView. The company plans to ramp up operations and build a customer base across northern and eastern India, where infrastructure and industrial demand is strong.
The site combines a sinter plant, a blast furnace and a steel melting shop. Metallurgical waste is processed on site and process gases are reused. Japan's JFE Steel is providing technical support, while equipment came from suppliers in Germany, Sweden, Austria and Italy.
why it matters
For markets, this adds carbon steel supply in India, a market supported by infrastructure projects. The plant strengthens the Jindal group's footprint in Jajpur, but its effect on steel prices and shares should stay limited while output ramps up over time.
market impact
Steel in India: more supply from the new plant — mild pressure on domestic steel prices
tags
instruments
sources
- Jindal Ferrous Enters Carbon Steel Market With Rs 5,000 Cr Odisha Plant — ru.tradingview.com, 17 October 2026 at 10:31 UTC
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