JSW Steel planning to invest Rs 25,115 crore by FY25
1st Jul 2021

JSW Steel is planning to invest another Rs 25,115 crore by 2024-25 to ramp up its capacity to 37.5 million tonne (MT) per annum. This capital will allow company to augment its crude steel capacity at Vijayanagar by 7.5 MTPA, enhance and digitize its mining capabilities and infrastructure in Odisha and help it set up a state-of-the-art colour-coated facility in Jammu & Kashmir to support local demand and development in the state.

The company, which sold nearly 15 MT of steel in FY21, claimed to have invested Rs 48,000 crore in the past three years for augmenting its production capacity to nearly 28 MT. The company has an installed crude steel capacity of 18 MT in India, comprising 12.5 MTPA of flat products and 5.5 MTPA of long products.

JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.