Jindal Steel
Corporate brand
UnclaimedAn Indian steel producer and member of the OP Jindal Group, with integrated operations spanning iron ore pellets, direct-reduced iron, finished steel and rails.
Last updated October 16, 2026
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Overview
Jindal Steel Limited is an Indian steel company headquartered in New Delhi and part of the OP Jindal Group. The company was formerly known as Jindal Steel and Power and adopted the Jindal Steel Limited name in July 2025. Its business is centered on the production and sale of steel and related upstream materials, with operations that include iron ore processing, pelletizing, sponge iron or direct-reduced iron, slabs, hot-rolled products, structural steel, rails, coils and reinforcement bars. The company is among India's largest private steel producers by tonnage and is described as the country's third-largest private steel producer in the referenced material. It is also identified as the only private Indian producer of rails, giving it a specialized position in infrastructure and railway-related steel markets. Its product portfolio serves construction, infrastructure, engineering, transportation and other industrial applications. Jindal Steel's principal operating footprint includes an integrated steel complex at Angul in Odisha, a pellet facility at Barbil in Odisha, a finished-steel facility at Patratu in Jharkhand and the Nalwa Steel and Power operation at Raigarh in Chhattisgarh. The Angul complex is designed around a coal-gasification-based route that converts locally available high-ash coal into synthesis gas for steelmaking and supports production of syngas-based direct-reduced iron. The company has presented this configuration as a way to reduce reliance on imported coking coal while integrating energy and steel production. The Barbil operation has installed pellet capacity of 9 million tonnes across different pellet grades and includes dry-grinding equipment using recuperation-type straight-grate technology. Patratu has 1.6 million tonnes of finished-steel capacity, while Nalwa Steel and Power is an integrated plant with 0.36 million tonnes of annual finished-steel capacity. At Angul, a 1.4 million tonnes per annum thermomechanically treated rebar mill was inaugurated in 2022. Beyond bulk industrial steel, the company has pursued branded construction products, including Jindal Panther TMT Rebars for the housing and construction-retail segment. It has also supported technical education for power-sector personnel through the Jindal Institute of Power Technology, an institution associated with the wider Jindal power businesses and focused on operating and maintaining large generating stations. Jindal Steel's shares are listed on India's Bombay Stock Exchange and National Stock Exchange. The referenced 31 March 2022 shareholding information reported that the Jindal Group promoter group held 60.5 percent of the equity, institutional investors held 27 percent and public shareholders held approximately 12.5 percent. The company has also pursued international resource and steel projects, notably the El Mutún iron-ore project in Bolivia. That venture later became the subject of contractual and arbitration disputes, culminating in a 2024 International Chamber of Commerce arbitration ruling unfavorable to the company's Bolivian subsidiary. Beyond bulk industrial steel, the company has introduced branded construction products, including Jindal Panther TMT Rebars for the housing and construction-retail segment. It also supports technical education for power-sector personnel through the Jindal Institute of Power Technology, which is associated with the wider Jindal power business and focuses on the operation and maintenance of large generating stations.
History
Jindal Steel is an Indian steel business within the OP Jindal Group. The available reference material presents the company as a vertically integrated producer rather than only a downstream steel brand: its activities extend from iron-ore pelletizing and coal-based reduction to the manufacture and sale of finished steel. Its New Delhi headquarters and Indian industrial base place it within the country's private-sector steel industry, while its Bolivian El Mutún project represents an important international expansion effort. The company's operating model is anchored by several production locations. At Angul in Odisha, Jindal Steel developed an integrated steel complex using a coal-gasification route. The plant is notable for using locally available high-ash coal to produce synthesis gas, which can then support syngas-based direct-reduced iron and steelmaking. This approach was intended to reduce dependence on imported coking coal and to connect raw-material conversion, reduction and steel production in one industrial system. The Angul complex also added a 1.4 million tonnes per annum TMT rebar mill, inaugurated in 2022, strengthening the company's presence in construction steel. The Barbil operation in Odisha provides an upstream materials base through a pellet plant with 9 million tonnes of installed capacity for multiple pellet grades. Its dry-grinding operation uses recuperation-type straight-grate technology. In Jharkhand, the Patratu manufacturing facility has 1.6 million tonnes of finished-steel capacity and supplies products including construction-oriented reinforcement steel. Nalwa Steel and Power, an integrated operation in Raigarh, Chhattisgarh, contributes a further 0.36 million tonnes of finished-steel capacity. Jindal Steel has also developed branded products for retail and construction channels. Jindal Panther TMT Rebars were launched for the housing segment and are produced at a TMT rebar mill at Patratu supplied by Siemens. The brand extends the company's reach beyond industrial and infrastructure buyers into construction retail. The wider Jindal group has additionally supported technical training through the Jindal Institute of Power Technology, which prepares power-plant personnel for operation and maintenance work at large generating stations. The company is distinguished in India by its rail production. The referenced material describes it as the only private Indian producer of rails, alongside its position as the country's third-largest private steel producer by tonnage. Its broader catalogue includes sponge iron, mild-steel slabs, mild steel, structural products, hot-rolled plates, pellets and coils. Jindal Steel's international history includes the El Mutún iron-ore development in Bolivia. Bolivia granted development rights in 2006 to Jindal Steel for the large El Mutún reserve, and the project was associated with proposed multibillion-dollar investment in mining and steelmaking. The venture later encountered disputes over contractual obligations and investment implementation. In 2024, an International Chamber of Commerce arbitration tribunal rejected compensation claims made by Jindal Steel Bolivia S.A., found that the Bolivian state entity had complied with its contractual obligations in good faith under Bolivian law, and assigned costs to the Indian subsidiary. In India, the company was also drawn into political controversy surrounding the allocation of coal blocks. The referenced account states that a Jindal Steel entity received the Talcher coalfield in Odisha in February 2009 for a coal-liquefaction project. Opposition parties alleged that the allocation process breached applicable norms, while Naveen Jindal denied wrongdoing. This episode became associated with the wider coal-allocation controversy commonly called the Coalgate scandal. The company remains publicly listed in India, with equity traded on the Bombay Stock Exchange and the National Stock Exchange. Its reported 31 March 2022 ownership structure was dominated by the Jindal Group promoter group, with institutional and public investors holding the balance. In July 2025, the formal corporate name changed from Jindal Steel and Power to Jindal Steel Limited, aligning the legal name more closely with the company's steel-centered identity.
- 2025
Corporate name changed to Jindal Steel Limited
[1]The company officially changed its name from Jindal Steel and Power to Jindal Steel Limited on 23 July 2025.
- 2024
ICC arbitration decision on El Mutún
[1]An International Chamber of Commerce tribunal rejected Jindal Steel Bolivia's compensation claims concerning the El Mutún project and assigned specified costs to the subsidiary.
- 2022
Angul TMT rebar mill inaugurated
[1]A 1.4 million tonnes per annum TMT rebar mill was inaugurated at the company's integrated Angul complex in Odisha.
- 2009
Talcher coalfield allocation
[1]A Jindal Steel entity received the Talcher coalfield in Odisha for a coal-liquefaction-related project, an allocation later discussed in the wider Coalgate controversy.
- 2006
El Mutún development rights granted in Bolivia
[1]Bolivia granted Jindal Steel development rights for the El Mutún iron-ore region. The proposed project included mining, iron and steel production and substantial planned investment.
Products and positioning
An integrated Indian steel producer positioned around scale, infrastructure-grade products, rail manufacturing and technology-led raw-material and direct-reduced-iron processing.
Construction steel
Jindal Panther TMT Rebars
A branded thermomechanically treated reinforcement-bar line aimed at the housing and construction-retail market. The rebars are produced through the company's TMT manufacturing capacity and extend Jindal Steel's offering from industrial steel supply into branded products for builders, contractors and residential construction.
Railway steel
Rails
Rail products form one of Jindal Steel's distinctive offerings. The company is described in the reference material as India's only private rail producer, positioning this line toward railway infrastructure and other transportation applications.
Ironmaking raw materials
Iron-ore pellets
Pellets are produced at the Barbil facility in Odisha, which has 9 million tonnes of installed capacity across different pellet grades. The operation includes dry grinding and recuperation-type straight-grate technology for pellet production.
Flat steel
Hot-rolled plates and coils
Jindal Steel manufactures and sells hot-rolled plates and coils for industrial, engineering, infrastructure and fabrication applications. They are part of the company's broader flat-steel portfolio alongside slabs and other mild-steel products.
Long and structural steel
Structural steel
Structural steel is supplied for construction, infrastructure and industrial projects. It sits alongside mild steel, slabs, rails and reinforcement products within the company's finished-steel range.
Controversies
2009
Coalgate coal-block allocation controversy
Jindal Steel was among private companies associated with coal-block allocations examined during India's broader Coalgate controversy. The referenced account states that a Jindal entity received the Talcher coalfield in Odisha after the central government's cut-off date, while opposition parties alleged that the allocation violated applicable norms. Naveen Jindal denied wrongdoing.
Marketing campaigns
- Jindal Panther construction-retail launch
India
Jindal Steel entered the construction-retail segment with Jindal Panther TMT Rebars, targeting the housing market and presenting the product as a branded reinforcement-steel offering. The initiative broadened the company's route to market beyond large industrial and infrastructure customers.
Outcome. The initiative broadened the company's route to market beyond large industrial and infrastructure customers.
Brand decisions
2025
Corporate rebranding as Jindal Steel LimitedStrategyBackground
The company had operated under the Jindal Steel and Power name while maintaining a substantial steel-manufacturing identity.
Action taken
On 23 July 2025, the company officially changed its name to Jindal Steel Limited.
Aftermath
The new legal name emphasizes the company's steel-focused corporate identity; the referenced material does not provide further details about changes to ownership or operations.
2022
Expansion of TMT rebar production at AngulProduct launchBackground
The company sought to expand its finished-steel and construction-product capabilities at its integrated Odisha complex.
Action taken
A 1.4 million tonnes per annum TMT rebar mill was inaugurated at Angul.
Aftermath
The project strengthened Jindal Steel's construction-steel portfolio and its ability to supply branded reinforcement products.
2006
Pursuit of the El Mutún iron-ore projectStrategyBackground
Bolivia granted Jindal Steel development rights in the El Mutún region, one of the world's major iron-ore areas, creating an opportunity for an integrated mining and steel project.
Action taken
Jindal Steel committed to a proposed investment program for mining and steelmaking in Bolivia, including an initially reported investment of US$1.5 billion and further planned investment.
Aftermath
The project later became subject to contractual disputes and an arbitration proceeding that ended in 2024 with the tribunal rejecting the subsidiary's compensation claims.
Recent events
Reported
Jindal Steel & Power appoints Hemant Kumar as CFO[2]
Hemant Kumar was appointed chief financial officer and key managerial personnel of Jindal Steel & Power, effective December 15, 2020.
Reported
Jindal Steel & Power reports second-quarter FY2021 results[3]
Jindal Steel & Power announced results for the period ended September 30, 2020. The report said standalone gross revenue was Rs. 8,667 crore and EBITDA was Rs. 2,435 crore; consolidated gross revenue was Rs. 9,804 crore and EBITDA was Rs. 2,702 crore.
Sources3 sources
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