Posted on 23 Jul 2025
Indian steelmaker JSW Steel will allocate 20 billion rupees ($2.4 billion) for capital expenditures in the 2025/2026 financial year. A significant portion of this will be directed toward the third phase of expansion of the plant in Dolvi (Maharashtra state), according to The Economic Times.
The investments are aimed at increasing the plant’s production capacity from the current 10 million tons to 15 million tons by September 2027. The company aims to achieve an annual steel production of 50 million tons by the 2030/2031 fiscal year. Of this, up to 42 million tons will come from new projects, which are scheduled for completion in the fall of 2027.
The rest of the capital expenditure will be directed to ongoing projects at Bhushan Power, Jindal Vijayanagar Metallics (JVML), and processing operations.
JSW Steel co-managing director Jayant Acharya also noted that although the protective duty imposed by the Indian government helped to limit imports of certain metal products, exports did not gain momentum. In his opinion, one of the reasons is the instability of the global situation.
Acharya believes that India needs to be vigilant about cheap steel imports that could flood the country, he said on BloombergTV. According to him, US tariffs are heightening concerns about oversupply from China. Due to the rapid growth of its own economy, India remains vulnerable to the redirection of trade flows.
JSW Steel recently announced an investment of about $2 billion in a decarbonization program. The goal is to reduce CO2 emissions by 42% by 2030 compared to 2005 levels, according to btMAG. The key areas are the use of renewable energy, increasing the share of scrap in production, and the introduction of the latest technologies, in particular hydrogen-based steel production.
Source:GMK Center
