JSW Steel Plans Rs 2 Lakh Crore Investment to Boost Capacity Beyond 50 Million Tonnes

JSW Steel has outlined an ambitious long-term growth plan as it prepares to significantly expand its steelmaking capacity in India. The company plans to invest more than Rs 2 lakh crore over the next five to six years, reinforcing its commitment to meet the country’s growing demand for steel driven by infrastructure, manufacturing, and urban development.

The proposed investment is expected to help JSW Steel increase its overall capacity by nearly 50 percent, taking it beyond 50 million tonnes by the end of the decade. At present, the company operates with an annual steelmaking capacity of about 34.2 million tonnes in India, making it one of the leading players in the domestic steel sector.

Chief Executive Officer Jayant Acharya said the company has already announced projects worth nearly Rs 1 lakh crore, which are scheduled to be executed over the next four to five years. These ongoing and upcoming projects form the backbone of JSW Steel’s expansion roadmap and reflect its confidence in sustained demand for steel across key sectors of the economy.

In addition to the announced investments, JSW Steel is planning capacity expansion across several strategic locations. This includes brownfield expansion at its flagship Vijayanagar plant, the completion of the second phase of its JSW Utkal project, and expansion activities at Bhushan Power and Steel through a joint venture structure.

Bhushan Power and Steel is set to play a critical role in the group’s future growth. The facility’s capacity is expected to increase to around 10 million tonnes from the current 4.5 million tonnes, supported by a joint venture with Japan’s JFE Steel. This expansion will further strengthen JSW Steel’s position in both flat and long steel segments.

Alongside capacity growth, the company is also focusing on sustainability. JSW Steel is developing a green steel plant at Salav in Maharashtra, which aligns with its broader strategy to reduce carbon emissions and adopt cleaner production technologies.

With strong domestic demand, large-scale infrastructure projects, and a clear focus on sustainable growth, JSW Steel’s planned investment marks one of the most significant expansion efforts in India’s steel industry in recent years.