New Delhi, Aug. 13 -- Jindal Stainless Limited (JSL) is targeting sales volumes of 3.5 million tonnes per annum (MTPA) by FY29, up from 2.57 MTPA in FY26, as the stainless steel maker expands capacity and moves ahead with a Rs 2,600 crore capital expenditure programme in the current financial year, according to the company's Integrated Annual Report for FY2025-26.

The planned increase in sales volumes is expected to drive strong double-digit compounded growth over the next few years, the company said in the report.

Jindal Stainless Managing Director Abhyuday Jindal said the company enters FY27 with the balance sheet strength to fund its expansion programme.

"With net debt at INR 3,040 crore, net debt-to-equity at 0.15x, and net debt-to...