Mukand Sumi Special Steel to Invest ₹2,345 Crore in Karnataka for Greenfield Plant
New facility to double production capacity and lead India's push toward sustainable steel manufacturing
Mukand Sumi Special Steel Limited (MSSSL), a joint venture between Bajaj Group’s Jamnalal Sons and Japan’s Sumitomo Corporation, has announced an investment of ₹2,345 crore to set up a state-of-the-art Greenfield Steel Plant in Kanakpura, Koppal, Karnataka. This strategic expansion will nearly double the company’s annual production capacity to 7 lakh tonnes and marks a significant step in its journey toward net-zero emissions.
“This partnership will enhance MSSSL’s annual production capacity to 700,000 tonnes, strengthening its position as one of India’s leading manufacturers of special steel,” the company said in an official statement.
The integrated facility will feature iron-making, steel-making, and advanced rolling operations, with over 95% of its energy sourced from renewable power. MSSSL also plans to implement zero liquid, solid, and gaseous discharge systems and incorporate hydrogen-ready infrastructure in future phases.
"We are investing in sustainable and future-ready technologies that will strengthen our position in the global special steel market. By enhancing our manufacturing capabilities, we are not only responding to the evolving demands of our customers but also aligning ourselves with the broader national objective of self-reliance," said Vipul Mashruwala, President, MSSSL
Slated for commissioning by early 2028, the plant will supply high-grade special steels to key industries including automotive, railways, energy, and oil & gas. The project aligns with India's push for greener manufacturing and positions MSSSL as a key player in the country’s sustainable industrial future.