In a statement, the company announced that with the new facility, its current annual production capacity of 1 million tons will be increased by 60 percent.
Jindal India stated that it expects a significant rise in sales revenue in the coming years as a result of this investment. Following the expansion, the company’s coated flat products capacity is projected to grow by %60, pipe products capacity by %40, and barrier segment capacity by %75.
Jindal India is part of the BC Jindal Group, a conglomerate with a total valuation of approximately 2,5 billion dollars, operating in the energy, steel, and packaging film sectors.
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