JSW Steel Ltd.

JSW Steel has drawn up Rs 26,800 crore capital expenditure programme over the next three years period to expand its capacity. The company will raise around Rs 15,000 crore through debt and the balance will be through cash accruals to fund the capex plan.

The company is looking at expansion of existing units, along with new greenfield steel projects at Odisha and Jharkhand, for which it has already started acquiring lands. It is augmenting crude steel capacity at Dolvi to 10 MT from the present 5 MT. The estimated project cost is Rs 15,000 crore and the project is expected to be completed by March 2020.

Besides, the company has taken up revamp and capacity upgradation of BF-3 at Vijayanagar works from 3.0 MT to 4.5 MT. The estimated project cost is Rs 1,000 crore and the project expected to be commissioned in a period of 20 months.

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.