JSW Steel Aims to Replace Imports with New Coated Steel Product
Steel

JSW Steel Aims to Replace Imports with New Coated Steel Product

JSW Steel, India's largest steelmaker, is set to replace the country's imports of a vital coated steel product with its newly developed JSW Magsure. This zinc-magnesium-aluminium alloy coated steel, crucial for highly corrosive environments in the renewable energy sector, saw a demand of 100,000 tonnes in 2023-24.

"Demand for this product is expected to go up to 250,000 tonnes this year, driven by renewable energy, and we are targeting a production of 145,000 tonnes," Ashwani Sharma, Executive President for JSW Steel Coated Business said.

JSW Steel plans to supply 120,000 tonnes of JSW Magsure domestically and export 25,000 tonnes. Already, 5,000 tonnes have been supplied to Adani Green Energy, with negotiations for an additional 5,000 tonnes over the next three months.

The company is also in discussions with Reliance Industries and NTPC, according to Sharma. While another product, JSW Galvalume, meets the demand for corrosion-resistant steel, JSW Magsure offers even higher corrosion resistance.

Manufactured at JSW Steel's facilities in Vijayanagar and Vasind, the company has invested 5 billion rupees in capital expenditure and will have the capacity to produce up to 900,000 tonnes annually.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

JSW Steel, India's largest steelmaker, is set to replace the country's imports of a vital coated steel product with its newly developed JSW Magsure. This zinc-magnesium-aluminium alloy coated steel, crucial for highly corrosive environments in the renewable energy sector, saw a demand of 100,000 tonnes in 2023-24. Demand for this product is expected to go up to 250,000 tonnes this year, driven by renewable energy, and we are targeting a production of 145,000 tonnes, Ashwani Sharma, Executive President for JSW Steel Coated Business said. JSW Steel plans to supply 120,000 tonnes of JSW Magsure domestically and export 25,000 tonnes. Already, 5,000 tonnes have been supplied to Adani Green Energy, with negotiations for an additional 5,000 tonnes over the next three months. The company is also in discussions with Reliance Industries and NTPC, according to Sharma. While another product, JSW Galvalume, meets the demand for corrosion-resistant steel, JSW Magsure offers even higher corrosion resistance. Manufactured at JSW Steel's facilities in Vijayanagar and Vasind, the company has invested 5 billion rupees in capital expenditure and will have the capacity to produce up to 900,000 tonnes annually.

Next Story
Infrastructure Transport

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

Next Story
Infrastructure Energy

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Next Story
Infrastructure Transport

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?