JSW Group Targets USD 70 Billion Investment by 2030
ECONOMY & POLICY

JSW Group Targets USD 70 Billion Investment by 2030

The JSW Group has announced a substantial revision to its investment target, aiming to reach USD 70 billion by 2030. This updated figure includes a USD five billion allocation for electric vehicle (EV) projects in Odisha, first announced earlier this year.

The cornerstone of the Odisha initiative is a 50 GWh EV battery plant, complemented by facilities for EV manufacturing, a lithium refinery, copper smelter, and related component manufacturing units. This ambitious project underscores JSW's commitment to bolstering India's EV ecosystem and enhancing domestic manufacturing capabilities.

In addition to the EV venture, JSW Group plans to expand its footprint across key sectors such as steel, cement, and electricity generation. This expansion strategy aligns with the Group's broader growth objectives and aims to capitalize on emerging opportunities in India's industrial landscape.

JSW Group had initially outlined an investment target of USD 65 billion by 2030 in 2023. The flagship company, JSW Steel, is set to invest nearly Rs 65,000 crore over the next three years, including significant capital expenditure for the Dolvi project in Maharashtra. This initiative will boost JSW Steel's total capacity to 43.5 million tonnes of steel, reaffirming its position as a leading player in the Indian steel industry.

The revised investment plan underscores JSW Group's commitment to sustainable growth and underscores its pivotal role in driving India's industrial and economic development in the coming decade.

The JSW Group has announced a substantial revision to its investment target, aiming to reach USD 70 billion by 2030. This updated figure includes a USD five billion allocation for electric vehicle (EV) projects in Odisha, first announced earlier this year. The cornerstone of the Odisha initiative is a 50 GWh EV battery plant, complemented by facilities for EV manufacturing, a lithium refinery, copper smelter, and related component manufacturing units. This ambitious project underscores JSW's commitment to bolstering India's EV ecosystem and enhancing domestic manufacturing capabilities. In addition to the EV venture, JSW Group plans to expand its footprint across key sectors such as steel, cement, and electricity generation. This expansion strategy aligns with the Group's broader growth objectives and aims to capitalize on emerging opportunities in India's industrial landscape. JSW Group had initially outlined an investment target of USD 65 billion by 2030 in 2023. The flagship company, JSW Steel, is set to invest nearly Rs 65,000 crore over the next three years, including significant capital expenditure for the Dolvi project in Maharashtra. This initiative will boost JSW Steel's total capacity to 43.5 million tonnes of steel, reaffirming its position as a leading player in the Indian steel industry. The revised investment plan underscores JSW Group's commitment to sustainable growth and underscores its pivotal role in driving India's industrial and economic development in the coming decade.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?