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JSW Steel aiming to double capacity in next three years

07 Jul 2023 Evaluate

JSW Steel is aiming to nearly double its capacity to 50 million tonnes in the next three years. The company is also aiming to shift to renewable sources of power to fire the entire 50 million tonnes of production.

The company is paying a lot of emphasis on sustainability and has devised a plan to completely shift its power usage to renewable sources. As the company goes ahead with its planned capacity additions, it is already adding renewable power capacities in a departure from the conventional system of depending on fossil fuels like coal. 

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.


Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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