Jindal Steel & Power Ltd: Commissioning of First Continuous Galvanising Line
Jindal Steel & Power Ltd, a prominent player in the steel industry, has achieved a significant milestone by commissioning its first continuous galvanising line at the Angul integrated steel complex in Odisha. This development is part of a substantial Rs 3,400 crore investment in a cold rolling mill (CRM) complex. The new galvanising line is set to produce galvanised and galvalume products under the Jindal Panther Galvanised and Zinkalume brands.
The commissioning of this line marks a crucial step in Jindal Steel’s strategy to enhance its product offerings and cater to a diverse range of industries, including appliances, automotive, infrastructure, and construction. Naveen Jindal, the company’s chairman, expressed pride in this achievement, emphasizing the company’s commitment to delivering high-quality, value-added steel products that meet the needs of various sectors.
Financial Overview
As of June 26, 2025, Jindal Steel & Power Ltd’s close price stood at INR 939.35. The company’s stock has experienced fluctuations over the past year, with a 52-week high of INR 1073.7 recorded on September 16, 2024, and a 52-week low of INR 723.35 on January 30, 2025. The company operates in the Materials sector, specifically within the Metals & Mining industry, and is listed on the National Stock Exchange of India.
Company Operations
Jindal Steel & Power Ltd operates through three primary segments: Iron and Steel Products, Power, and Others. The Iron and Steel Products segment focuses on manufacturing steel products, sponge iron, pellets, and castings. The Power segment involves power generation through independent power plants and captive power projects. The Others segment includes aviation, machinery division, and real estate, along with mining of iron ore and manufacturing of cement, lime, plaster, basic iron, and structural metal products.
The company’s product portfolio is diverse, featuring rails, parallel flange beams and columns, plates and coils, angles and channels, wire rods, round bars, speed floors, Jindal Panther Thermos Mechanically Treated (TMT) rebars, Jindal Panther cement, fabricated sections, and semi-finished products.
This strategic expansion into galvanising aligns with Jindal Steel’s broader vision of enhancing its manufacturing capabilities and strengthening its position in the global steel market.