JSW Steel, one of India’s top private steelmakers, has unveiled an ambitious ₹2 lakh crore investment plan to expand its production capacity by 25 million tonnes by the financial year 2030–31. The announcement was made by Jayant Acharya, Joint Managing Director and CEO, underlining the company’s focus on long-term growth and market leadership.
The investment will raise JSW Steel’s output from the current 34–35 million tonnes per annum (MTPA) to over 55 million tonnes by FY31. The plan includes building new greenfield plants, upgrading existing facilities, adding downstream units for value-added products, and adopting advanced technologies to boost efficiency.
A flagship project is a 5 MTPA plant in Paradip, Odisha, complemented by expansions at the Vijayanagar plant in Karnataka and a green steel facility in Salav, Maharashtra. These projects collectively aim to enhance JSW Steel’s production capability and meet rising domestic demand.
The company plans to fund most of the expansion through internal cash flows, supplemented by careful debt management. Strategic collaborations, including a joint venture with Japan’s JFE Steel, are expected to support operational efficiency and smooth execution of the projects.
Despite global steel price volatility and challenges such as Europe’s carbon border adjustment measures, JSW Steel remains optimistic. Domestic steel demand is projected to grow by 11–13 MTPA over the next two years, providing a robust market for the increased production.
The investment reflects JSW Steel’s commitment to leading India’s steel sector, leveraging infrastructure growth, industrial demand, and green steel initiatives. By investing in capacity and modern technology, the company aims to stay competitive while supporting India’s growing steel requirements.
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