JSW Steel Ltd.

BSE: 500228 | NSE: JSWSTEEL
Large Cap | Steel & Iron Products
1237.70
-7.85 (-0.63%)
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JSW Steel plans acquisitions to raise steel-making capacity

Date: 11-03-2015

In a bid to raise its steel-making capacity to 40 million tonnes per annum (mtpa) by 2025, JSW Steel is planning to focus on acquisitions as well as expansion through the brownfield and greenfield routes.

Currently, the company has 14.3 mtpa capacity and its plants are located at Maharashtra, Karnataka and Tamil Nadu. The company is planning to enhance the capacity of its Bellary plant in Karnataka by 60 percent to 16 mtpa. It is in the process of raising the capacity of its Dolvi unit in Maharashtra to 5 mtpa from 3.3 mtpa now. The company has sought the necessary clearances to increase the capacity of the unit further to 10 mtpa.

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.