-7.85 (-0.63%) In order to retain market share of 13-14%, JSW Steel is planning to increase overall steel capacity to 40 million tonnes per annum by 2025. This will entail a capital outlay of around $22 billion over the next decade. At present, the company has installed capacity of 14.3 million tonnes.
Meanwhile, the Government of India has set a target of 300 million tonne capacity by 2025 from the current level of around 105 million tonnes. This would require huge investments to the tune of $200 billion within a span of around one decade.
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.