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ManufacturingMetalsHigh impactAfter close

Jindal India completes ₹1,500 cr expansion in West Bengal

after close1 source ↓written by the desknot a recommendation

expansion in West
₹1,500 crore
production capacity
60,000 tonnes per month
boost revenue
75% in FY'27

Jindal India has completed a ₹1,500 crore expansion in West Bengal, enhancing its production capacity to 60,000 tonnes per month. The new high-speed continuous colour coating line at its Howrah facility is expected to boost revenue by 75% in FY'27. This expansion follows the operationalization of additional facilities earlier this year.

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 20 May 2026, 16:07 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JINDALSTEL closed −2.1% on the day of the news, from ₹1,223.10 to ₹1,196.80; Nifty 0.0% over the same session; futures OI +2.1%.

Bulletin at 16:07 IST on 20 May 2026. Every change is measured from ₹1,223.10, the last close before it, on 20 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 it107512231371axis spans 28%before the news · 20 May1223Nifty 50JINDALSTELbulletinD0+1+3+514 May26 May5 JunFutures open interest, lotspeak 21,000Reference close ₹1,223.10. 16 sessions from 14 May to 5 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 %
Before20 May₹1,223.10basebase
On the day21 May₹1,196.80▼ −2.1%0.0%−2.1 pp difference
+1 session22 May₹1,209.90▼ −1.1%▲ +0.3%−1.3 pp difference
+3 sessions26 May₹1,222.900.0%▲ +1.1%−1.1 pp difference
+5 sessions29 May₹1,207.20▼ −1.3%▼ −0.5%−0.8 pp difference
Gap at the open, % · ₹
▲ +1.6%+19.94 on 21 May
Day's range, % · ₹
4.0%≈ 49 high to low
Volume on the day
0.75×the 20-session average
Futures OI on the day
▲ +2.1%+420 lots · short build-up · price −2.1%
Futures OI open, lots
21,00021 May · 26 May expiry
Futures premium, ₹
+2.40+0.2% to spot
Puts per call, by OI
0.54from 0.61 the session before
Max pain
1,240from 1,250 the session before

Source NSE UDiFF bhavcopy · JINDALSTEL on the desk →

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