JSW Steel Ltd.

BSE: 500228 | NSE: JSWSTEEL
Large Cap | Steel & Iron Products
1237.70
-7.85 (-0.63%)
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JSW Steel plan to increase overall steel capacity

Date: 01-08-2014

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.