【SMM Steel】Jindal (India) Limited commissioned a new metal coating line at its Ranihati plant with an ~Rs 11 bn investment. The first batch is out, marking a key downstream expansion. High-value coated steel output will rise ~60% to 300,000 tons, driving ~20% revenue growth in FY26. Products target infra, white goods, solar, and roofing. This is part of the group's Rs 15 bn capex plan. It also plans a new Odisha steel plant with Rs 150 bn investment by 2030.

The board of directors of Indian steel producer Tata Steel has approved a series of decisions regarding future capital expenditures in the country. It plans to expand the capacity of Neelachal Ispat Nigam Ltd. (NINL) in Odisha by 4.8 million tons per year (first phase). This move will allow Tata Steel to increase its long-rolled product portfolio, especially in the highly profitable retail segment.