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ManufacturingMetalsHigh impactAfter close

Jindal completes ₹1,500 crore capex in West Bengal

after close1 source ↓written by the desknot a recommendation

capex investment
₹1,500 crore
expected to produce
275,000 tons per annum

Jindal (India) Limited has successfully commissioned a new high-speed Colour Coating Line at its Ranihati facility in West Bengal, marking the completion of its ₹1,500 crore capex investment. This line is expected to produce 275,000 tons per annum, enhancing operational capacity following recent expansions in galvanizing and cold rolling facilities.

This strategic investment underscores Jindal's commitment to growth in the steel sector, likely boosting production efficiency and market competitiveness.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 19 May 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JINDALSTEL closed −0.3% on the day of the news, from ₹1,226.30 to ₹1,223.10; Nifty +0.2% over the same session; futures OI +2.5%.

Bulletin at 16:04 IST on 19 May 2026. Every change is measured from ₹1,226.30, the last close before it, on 19 May. Nifty 50 is measured over the same sessions.

  • JINDALSTEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
JINDALSTEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it107812261375axis spans 28%before the news · 19 May1226Nifty 50JINDALSTELbulletinD0+1+3+513 May25 May4 JunFutures open interest, lotspeak 21,000Reference close ₹1,226.30. 16 sessions from 13 May to 4 Jun; the price axis spans 28 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before19 May₹1,226.30basebase
On the day20 May₹1,223.10▼ −0.3%▲ +0.2%−0.4 pp difference
+1 session21 May₹1,196.80▼ −2.4%▲ +0.2%−2.6 pp difference
+3 sessions25 May₹1,212.30▼ −1.1%▲ +1.8%−2.9 pp difference
+5 sessions27 May₹1,220.60▼ −0.5%▲ +1.2%−1.7 pp difference
Gap at the open, % · ₹
▼ −0.9%−11.28 on 20 May
Day's range, % · ₹
3.5%≈ 43 high to low
Volume on the day
0.87×the 20-session average
Futures OI on the day
▲ +2.5%+480 lots · short build-up · price −0.3%
Futures OI open, lots
20,00020 May · 26 May expiry
Futures premium, ₹
+3.90+0.3% to spot
Puts per call, by OI
0.61from 0.58 the session before
Max pain
1,250from 1,250 the session before

Source NSE UDiFF bhavcopy · JINDALSTEL on the desk →

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