As part of this strategic expansion, the company’s state-of-the-art facility will focus on manufacturing special coated steel products. The plant will feature coating facilities such as a Cold Rolling Mill (CRM) with a Continuous Galvanizing Line (CGL) and a Colour Coating Line (CCL) for steel sheets with multiple high potential downstream products with total capacity of 9.6 lakh MT per annum, will also be manufactured. This phase will be commissioned by 2027. In parallel, JISTL will enhance the total capacity of the Odisha plant to 30 lakh MT per annum in the flat product division by 2030.

Speaking on the occasion, a company spokesperson said, “This move aligns with our endeavor to support the Government’s Atmanirbhar Bharat initiative and to contribute to India’s vision of a ‘Viksit Bharat’ by 2047. Along with enhancing the company’s domestic manufacturing capabilities, the green-field manufacturing plant will reduce reliance on imports and generate employment opportunities in the state. The modern facility will also strengthen Jindal (India) Ltd.’s footprint in Odisha’s growing industrial sector.” 

Jindal (India) Limited, will also establish a steel pipe manufacturing facility that will have an estimated annual production capacity of 2 lakh MT per annum. The project marks Jindal (India) Limited’s strategic expansion in the Indian steel manufacturing sector, reiterating its commitment to industrial growth in the region. 

“In FY26, we plan to drive the company’s growth by focusing on our premium product offerings like colour-coated sheets. Looking ahead, we also plan to introduce high potential downstream products.”, the spokesperson added.

Jindal (India) Limited has two state-of-the-art factories located at Howrah, West Bengal and its capabilities include advanced colour coating, galvanizing, and galvalume technologies. The company offers a comprehensive range of products across three major divisions that include sheets, pipes, and aluminum foil. With strong brands like Jindal Sabrang and Jindal NeuColour+, Jindal (India) Limited dominates the colour-coated sheets market, particularly in Eastern India, and maintains a significant presence across the country. In FY25, the company had announced an investment of over Rs 1,500 crore to expand its steel production capacity, with completion targeted for FY26.

Jindal (India) Limited, founded in 1952, is part of B.C. Jindal Group, a leading Indian conglomerate. With over Rs 18,000 crore turnover, the group is engaged in diverse portfolio of businesses like Packaging Films, Energy & Steel products. Recently, the BC Jindal Group has also ventured into renewable power generation, solar cells and module manufacturing businesses.

The post Jindal (India) Limited Gets HLCA Approval for Rs 3,600 Cr Steel Plant in Odisha; Company to Invest Rs 15,000 Cr by 2030 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

This sponsorship initiative reiterates Jindal (India) Limited’s commitment to promote sports on a national scale and to engage with a broader audience and younger fans that enjoy football, a game that is fast gaining popularity across geographies in India. Also, Hyderabad area is one of main markets for Jindal Sabrang colour coated sheets, a flagship product of Jindal India.

“As the principal sponsor, we aspire to offer Hyderabad FC a robust platform to excel, not only on the field but off the field, as well. Both organisations have a shared vision of promoting growth and excellence in their respective fields while prioritizing teamwork and perseverance. This association is also in line with our endeavour to extend our unwavering support to promote community development, fitness and collaboration”, said a spokesperson from Jindal (India) Limited. 

The sponsorship will provide vital funding for Hyderabad FC’s operations which will include player development, augmenting infrastructure and enhancing fan engagement, thereby, boosting the club’s overall performance and visibility.

“Being associated with a reputable company like Jindal (India) Limited bolsters brand Hyderabad FC amongst all present and potential stakeholders. It will also give the club a strong impetus to continue to strive for success in the India Football landscape”, said a Hyderabad FC spokesperson. 

Recently, Jindal Football, under the ambit of the BC Jindal Group had announced the acquisition of the sporting license of Hyderabad FC.

The post Jindal India becomes Hyderabad FC’s Principal Sponsor for Indian Super League Season 2024-25 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bengaluru, 18 September 2024: Jindal India Renewable Energy, a part of the BC Jindal Group, announced its foray into the Battery Energy Storage Systems (BESS). The company plans to build 1 GWh battery pack assembly line with LFP chemistry by 2025 and will foray into battery cell manufacturing with 5 GWh capacity by 2027.

To achieve this, the company will be entering into a Technology Collaboration with a world-class technology provider to achieve highest quality standards. This move aligns with India’s efforts to strengthen its position as one of the top renewable energy players in the world.

Currently, the sector is witnessing rapid growth due to policy emphasis on renewables to enable the Government’s push towards a greener future BESS as a technology enables grid stability, efficient storage and most importantly, addresses the issue of power supply during peak periods and to fulfil the FDRE / RTC demand, and is expected to power India’s renewable energy aspirations. The Indian BESS market is expected to grow at an impressive CAGR of 11.41 pct till 2032, underscoring the significant opportunities that this sector presents.

Speaking on the development, Mr. Punit Gupta, Director,  Jindal India Renewable Energy said, “Jindal India Renewable Energy is proud to step in and meet the growing demand for India’s energy storage solutions. By investing in battery energy storage systems, we are expanding our portfolio as well as contributing to grid stability and deeper integration of renewable sources.”

This announcement comes in the backdrop of Jindal India Renewable Energy (JIRE) aiming to generate 5 GW of power from solar, wind, hybrid and FDRE modes. Along with this, going forward JIRE will also manufacture PV Cells and Modules to tap into the solar demand.

Jindal India Renewable Energy operates under the BC Jindal Group, founded in 1952 by Shri B.C. Jindal. Originally a steel pipe and fittings manufacturer, the group has grown into one of India’s leading conglomerates with a significant presence in the power sector. JIRE’s initiative represents a forward-thinking approach to energy diversification. With a focus on environmental well-being at the core of its inception, BC Jindal Group’s commitment extends beyond compliance to a genuine dedication to preserving the environment for future generations.

The post Jindal India Renewable Energy Forays into Battery Energy Storage Systems to Achieve 5 GWh Capacity by 2027 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.