JSW Steel Ltd.

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.