JSW Steel to invest Rs 25,115 crore on expansion

JSW Steel to invest Rs 25,115 crore on expansion

JSW Steel is planning to expand capacities at its existing plants at an investment of Rs 25,115 crore over the next three years. The company’s board has approved the expansion programmes. This includes an investment of Rs 15,000 crore at its plant in Ballari, Karnataka, where it operates a 12 mtpa steel plant. The company plans to expand the capacity by five mtpa over the next three years. JSW Steel’s plant at Vijayanagar in Karnataka is India’s largest single-location steel plant and this brownfield expansion will be completed by FY24. The company will leverage its strong capabilities and track record of implementing brownfield expansions efficiently. The proposed expansion programme also includes sustenance and other capital expenditure of Rs 6,565 crore. It is also reported that the company also plans to enhance its mining capabilities and efficiencies at a capex of Rs 3,450 crore at four of its mines acquired in auctions in 2020.

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