JSW Steel Ltd.

JSW Steel, in strategic collaboration with its Japanese partner JFE Steel Corporation, is planning to expand manufacturing capacity for grain-oriented electrical steel (GOES) through their joint ventures - JSW JFE Electrical Steel at Vijayanagar, Karnataka, and JSW JFE Electrical Steel Nashik, Maharashtra. The two partners will jointly invest around Rs 5,845 crore towards this expansion. 

Under this expansion plan, Vijayanagar Plant (Karnataka) capacity will be increased to 100,000 tons per annum from the earlier plan of 62,000 tons per annum. It is scheduled for commissioning by FY2028; and in Nashik Plant (Maharashtra), the production capacity will expand five-fold to 250,000 tons per annum for phased commissioning from FY2028. The expansion will strengthen JSW JFE’s position as India’s leading integrated GOES producer.

This capital investment along with the previously announced investments at Vijayanagar facility and the acquisition of the Nashik facility would take the overall investments to Rs 15,560 crore. 

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.