New Delhi [India], Jindal Stainless on Wednesday announced an investment of about Rs 5,400 crore to expand its melting and downstream capabilities. This announcement will further increase the company's stainless steel production. According to a statement from the company, it has announced a three-pronged investment plan to increase its capacity in steel production. The first phase of the strategy involves joint sharing of 49%. The venture (JV) will develop and operate a stainless steel melt shop (SMS) in Indonesia targeting an annual production capacity of 1.2 million tonnes per annum (MTPA).This partnership is expected to increase the company's melting capacity by more than 4 percent to 4.2 MTPA. With an investment of over Rs 700 crore, the company allocated approximately Rs 1,900 crore for the expansion of its downstream lines at Jajpur, Odisha, to accommodate the increased melting capacity. Additionally, the company also announced an investment of Rs 1,450 crore to upgrade infrastructure including railway sidings, sustainable projects and renewable energy generation. The company also announced the acquisition of 54 per cent equity stake in Chromen Steels Pvt Ltd (CSPL), which holds 0.6 per cent. MTPA Cold Rolling Mill at Mundra, Gujarat through a structured indirect acquisition deal.The transaction involves an outlay of approximately Rs 1,340 crore, which includes acquisition of existing debt and equity purchase “The Indonesian joint venture will give us the best speed and raw material security, and the expansion of the Jajpur lines will provide better value for domestic. " and exporting customers. The cold rolling mill at Kromeni will expand your reach,” said Abhyuday Jindal, MD, Jindal Stainless, elaborating on the investment. “The investment is plug-in to upstream facilities in Indonesia. The end-play model can be expected to be operational in the next 2 months, as the existing industrial park facilities on the site and the cost of electricity make Indonesia even more favorable for such investments. Additionally the Indonesian government has banned the export of nickel ore and is promoting investment in downstream facilities through long-term tax holidays.The partnership in Indonesian SMS, along with the downstream expansion in Jajpur and the acquisition of CSPL, are strategically aligned to enhance Jinda Stainless's overall facility. These investments are expected to significantly improve logistics efficiency to meet the increased planned volumes.