Jindal (India) coating line: FY27 revenue seen up 75%

Commissioning completes West Bengal capex plan

Jindal (India) Ltd on Tuesday announced the completion of its ₹1,500-crore capital expenditure programme in West Bengal after commissioning a new high-speed continuous colour coating line at its manufacturing complex in Howrah district. The company said the new line is located at its Ranihati facility and is expected to strengthen downstream steel manufacturing capacity. Jindal (India) is part of the BC Jindal Group and operates manufacturing facilities in Howrah. The company’s product basket from these facilities includes coated flat steel products, pipes and aluminium foil. The announcement matters because it adds fresh coated capacity in a segment that already accounts for a large share of the company’s production. It also follows earlier additions to the same integrated manufacturing chain, indicating a step-by-step expansion strategy.

What the company commissioned at Ranihati

The company said the newly commissioned facility is expected to produce 2,75,000 tonnes annually. It described the unit as a high-speed continuous colour coating line designed to expand value-added coated steel output. According to the statement, coated flat steel products account for around 70 percent of Jindal (India)’s total production. The company also said the new colour coating line can manufacture a wide range of coated steel products using polyester, epoxy, PVC and Teflon paint coatings. The commissioning is positioned as a downstream capacity addition, which typically supports higher realisations through product mix upgrades. Jindal (India) linked the commissioning to demand from India’s infrastructure needs in its statement.

Expansion sequence: galvanising, cold rolling, pickling

The latest commissioning comes months after the company operationalised other units in February as part of its expansion project in West Bengal. The company had said it operationalised a galvanising coating line, a cold rolling mill and a pickling facility. Taken together, these units form a chain that supports coated steel production, from processing and surface preparation to coating. By adding a colour coating line after galvanising, cold rolling and pickling, the company is extending capacity into more finished, coated offerings. The sequence is also relevant for investors tracking utilisation and ramp-up, because each step can influence throughput, quality consistency and product portfolio. The company’s statements did not provide a timeline for ramp-up, but they did outline capacity expectations.

Capacity and revenue targets cited by the company

Jindal (India) said its production capacity is projected to rise to 60,000 tonnes per month following the commissioning. The company added that this could help revenue grow by 75 percent in FY27. Separately, another commissioning announcement around an “advanced metal coating line” at Ranihati cited an investment of ₹1,100 crore and projected a revenue increase of about 20 percent in FY26, supported by higher volumes and an improved product mix. That announcement also said the new line could lift production of value-added coated steel products by about 60 percent to nearly 0.3 million metric tonnes. These projections were presented as company expectations in statements and were not accompanied by updated audited revenue figures in the provided text.

Technology, product specs, and end-use segments

In the metal coating line announcement, the company said the newly commissioned line was supplied by SMS Esmech and included advanced automation, coating control systems and process stability features. It said the line is capable of producing coated products in thickness ranging from 0.3 mm to 2.0 mm and widths from 750 mm to 1,350 mm. The same announcement listed end-use applications across infrastructure, construction, white goods, solar mounting structures, engineered buildings and premium roofing solutions. In the colour coating line statement, the company highlighted the range of paint systems it can apply, including polyester, epoxy, PVC and Teflon coatings. Together, the details indicate a focus on multiple downstream segments rather than a single end-market.

Why coated flat products are central to the story

The company’s disclosure that coated flat steel products account for around 70 percent of total production helps explain why a colour coating line is being highlighted as a milestone. Coated products are used in construction and industrial applications where corrosion resistance and surface finish are important. Adding colour coating capacity can broaden the range of offerings within the coated flat category, and can support a shift to higher value-added products. The company also manufactures pipes and aluminium foil from Howrah, but the announcements centred on coated steel capacity additions. This emphasis is consistent with the company’s broader messaging around infrastructure-linked demand.

Geographic footprint and market expansion push

In a separate update included in the provided text, the company said it derives a significant portion of revenue from eastern India, followed by the southern region. It also said north and west India contribute around 20 percent of revenue, and it aims to raise this to 30 percent in the near term through capacity expansion and market penetration. The company did not provide the current revenue number for any region, but the share-based disclosure indicates an active focus on diversification beyond its established base. The new capacity additions in West Bengal appear to be linked to that strategy, as higher volumes and broader product offerings can support deeper penetration in new regions.

Other capex items mentioned: upgrades and embossing facility

Another section of the provided text referenced an additional investment of ₹150 crore (₹1.5 billion) at the company’s Howrah facilities to support upgrades and commissioning of new machinery to increase manufacturing capacity. It also mentioned a plan to install a modern embossing facility with Cut-to-Length (CTL) capability at the Ranihati plant with an investment of over ₹50 crore (₹0.5 billion), aimed at serving the white goods industry. That same portion of text also said the company expects revenues to rise by 20 percent in FY27 through this investment. These items were described as part of a broader expansion plan, but the text did not specify commissioning dates for these particular installations.

Odisha greenfield plan mentioned alongside Bengal expansion

The provided text also said Jindal (India) secured a Letter of Approval through its wholly owned subsidiary, Jindal India Steel Tech Limited, to set up a greenfield steel manufacturing plant in Dhenkanal, Odisha. It said the company plans to invest ₹3,600 crore in the first phase and a total of ₹15,000 crore in the state in three phases by 2030. Another excerpt added that the first phase would include a 960,000 tons per year flat steel production facility, with commercial operations scheduled to begin in 2027. These disclosures indicate that the company’s investment programme extends beyond West Bengal and includes a longer-horizon capacity build-out.

Key facts at a glance

Market impact and what investors may track next

The primary market-relevant inputs from the announcements are capacity, product mix and revenue growth expectations. The company’s guidance-style statements linked the new capacity to higher revenue in FY26 and FY27, depending on the specific commissioning update cited. For customers, the expanded coating capability and the stated thickness and width ranges could improve availability of coated products for infrastructure, construction, white goods and solar-linked applications mentioned in the text. For investors, the key operational markers are ramp-up of the new line, the extent of utilisation across galvanising, cold rolling, pickling and colour coating, and whether the product mix shifts as indicated. The company’s disclosures also suggest continued capital allocation, including the Odisha greenfield project with phased investment through 2030 and operations scheduled to begin in 2027 for the first phase.

Conclusion

Jindal (India)’s commissioning of a new colour coating line at Ranihati marks the completion of its ₹1,500-crore capex programme in West Bengal and follows earlier operationalisation of galvanising, cold rolling and pickling facilities. The company has outlined higher capacity and revenue growth expectations tied to these additions. Separately disclosed plans, including equipment upgrades, an embossing facility and a phased Odisha greenfield investment, indicate that further project milestones are expected as the expansion roadmap progresses.