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

Real Estate

11 May 2026

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..