JSW Steel plans Rs 25k cr investment to increase capacity to 37 mt

01 Jul 2021 CW Team

The Chairman and Managing Director of JSW Steel, Sajjan Jindal, told the shareholders that the leading steelmaker of the country, JSW Steel, is planning to invest Rs 25,115 crore by 2024-25 to ramp up its capacity by 37.5 million tonnes (mt) per annum.

The company had sold 15 mt of steel in FY21, claims to have invested Rs 48,000 crore in the last three years for augmenting its capacity to around 28 mt, the company's officials said. They said that the new investment of Rs 25,115 crore would boost the company's capacity to 37.5 mt.

In India, JSW Steel has an installed crude steel capacity of 18 mt, consisting of 12.5 MTPA of flat products and 5.5 MTPA of long products. The company is now embarking on a new phase of growth, with the newly approved capex plan of Rs 25,115 crore.

According to a report, Jindal said that the capital would allow the augmentation of crude steel capacity at Vijayanagar by 7.5 MTPA, enhance and digitise their mining capacities and infrastructure in Odisha, and it will help to set up a state-of-the-art colour-coated facility in Jammu and Kashmir, to support the demand and development of the locals in the state.

He said that the company's balance sheet is getting stronger with improved cash flows and efficiently allocated capital. With the new capabilities and a strong price environment, the company expects the net debt to EBITDA ratio to be 2.75, he said.

Image Source

Also read: ABB completes melt shop digitalisation project with JSW Steel Limited

Also read: JSW Steel accuses top US steel companies of stifling competition

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..