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Jindal Stainless Limited announced its audited financial results for the financial year ended 31 March 2026 following a Board meeting held on 4 May 2026.
Jindal Stainless commissioned a 1.2 million tonne melt shop in Indonesia, targeting 70%-80% utilisation in FY27.
KEY POINTS
- FY26 net debt-to-equity ratio improved to 0.15 from 0.24, reflecting stronger balance sheet health.
- Management set FY27 capex guidance at ₹2,600 crore, mainly for capacity and downstream expansion.
- A new 600 cubic metre green hydrogen plant at Jajpur will be operational by June–July 2026.
- Renewable power share at Jajpur and Hisar rose to 46.8%, up 82% from the previous year.
COMPANIES
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