Jindal India Forays into Steel Pipes & Tubes Market with ₹100 Cr Investment

Jindal (India) Ltd, a major player in downstream steel and part of the BC Jindal Group, has ventured into the steel section pipes and tubes business, making a major diversification foray with an investment of ₹100 crore.

The new production facility is currently functional at the company’s Ranihati complex in Howrah, West Bengal. With this addition, Jindal India hopes to boost its production capacity to 5,000 metric tonnes a month.

This segment alone would help generate business worth ₹315 crore by 2026, the company expects. The products will find customers in various industries, such as infrastructure, agriculture, railways, warehousing, and real estate, a spokesperson said.

Jindal India is one of the oldest hands in India’s downstream steel market. Its portfolio has to date been dominated by flat steel products, which produce 70% of total production. The foray into the business of pipes and tubes marks a strategic move to leverage increasing demand from several sectors.

The firm has two plants in Howrah and is positioning the new product line as the main driver of revenues in the future. It also aligns with the wider industry trends as well, where capital expenditure by the government and expansion in infrastructure has created new opportunities for steel product producers.

Backed by this ₹100 crore investment, Jindal India fortifies its presence in the value-added steel segment, counting on demand from both private and public sector initiatives to drive its next phase of expansion.