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JSW Steel to focus on expansion of Dolvi plant: Report

23 Jun 2014 Evaluate

JSW Steel is reportedly planning to focus on expansion of the Dolvi plant. The company has decided to enhance the plant’s capacity to 5 million tonnes from the current 3.3 million tonnes, for Rs 3,300-crore investment.

Having acquired the Dolvi unit in Maharashtra from debt-laden Ispat Steel for Rs 2,157 crore in 2010, JSW inherited a total liability of Rs 9,500 crore, the annual interest of which was Rs 1,200 crore. Within a year of acquisition, JSW refinanced the entire debt to reduce borrowing cost by 2-3 per cent.

Besides, the company has invested Rs 2,140 crore to install a coke oven and pellet plants, and also a cold rolling mill to secure backward integration and reduce production cost. It commissioned a 55-MW plant, which would use waste gas generated by the blast furnace.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. 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.

JSW Steel Share Price

1239.90 24.35 (2.00%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
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