JSW Steel plans 50 MT capacity by 2030 by greenfield and brownfield

07 Nov 2022 CW Team

JSW Steel, which is run by Sajjan Jindal, plans to reach a 50 Million Tonne (MT) capacity by 2030 to keep pace with the growth of the nation.

Jindal stated that JSW Steel's current capacity is 27 MT, which could increase to 50 MT by 2030 through greenfield and brownfield options, during a session sponsored by the Indian Chamber of Commerce (ICC) in Kolkata.

The country's goal of doubling crude steel capacity to 300 MT in the following 9–10 years is aligned with Jindal's growth plans. He also thinks that in ten years, the Indian economy could grow by a factor of three.

By FY25, JSW Steel plans to increase capacity by about 10 mt. JSW might consider acquisitions in order to advance its growth objectives.

Jindal claimed that given that no additional steel assets were anticipated to be put up for auction in accordance with the Insolvency and Bankruptcy Code, there will be opportunities for public sector disinvestment.

Also read:
Tata Steel supplies slag to BRO for Arunachal roads
Sumangala Steel plans to expand to achieve Rs 15 billion revenue

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