Jindal Stainless lifts coin blank capacity 20% to 12,000 tonnes
In short
Jindal Stainless is raising its coin blank capacity by 20% to 12,000 tonnes a year. The company says demand for non-paper currency is rising in several places.
It already supplies Indian and foreign mints, including the Royal Mint. The reporting does not say how much the expansion will cost or when it will be finished.
What the reporting says
Jindal Stainless is increasing annual coin blank capacity by 20% to 12,000 tonnes, according to company officials quoted in the reporting. The company said it expects demand growth for non-paper-based currency across geographies and noted it supplies coin blanks to Indian and several overseas mints. The immediate impact appears to be higher production capacity, but the sources do not state new revenue or capex figures.
Why it matters
Jindal Stainless is expanding annual coin blank capacity by 20% to 12,000 tonnes at its Hisar facility, according to company officials. The company said it expects demand for non-paper currency to rise and already supplies mints in India and several countries abroad. This matters for Jindal Stainless because it could support sales in a specialized product line. The reporting does not state the investment size or completion date.