MSSSL to Invest Rs 23.45 Billion in Karnataka Steel Plant
Steel

MSSSL to Invest Rs 23.45 Billion in Karnataka Steel Plant

Mukand Sumi Special Steel Limited (MSSSL), a joint venture between India’s Bajaj Group and Japan’s Sumitomo Corporation, has announced plans to establish a greenfield integrated steelmaking facility in Kanakapura, Koppal, Karnataka, with an investment of Rs 23.45 billion. The project is subject to obtaining necessary environmental clearances.
The upcoming facility will have a production capacity of 0.35 million tonnes per annum and is scheduled to begin operations by early 2028. Once completed, it will double MSSSL’s total production capacity to 700,000 tonnes annually, consolidating its position among India’s leading special steel manufacturers.
Currently, MSSSL produces around 350,000 tonnes of specialised steel products annually, primarily catering to the automobile and engineering industries. Since its inception in 2018, the company has manufactured bars, wire rods, and secondary products across more than 400 grades and specifications.
The new plant will follow a Zero Liquid, Solid, and Gaseous Discharge Model, with over 95 per cent of its energy needs sourced from renewables. This aligns with MSSSL’s long-term commitment to achieving net-zero steel production by 2050.
Designed for critical applications in the automotive, railway, oil and gas, energy, and bearing steel sectors, the facility will also integrate future-ready infrastructure. Planned features include hydrogen-ready systems, carbon capture technologies, and high levels of automation and digital integration across iron making, steel making, and blooming mill operations.
This expansion marks a significant milestone in MSSSL’s journey toward sustainable, high-grade steel production and is expected to strengthen India’s position in the global special steel value chain.

Mukand Sumi Special Steel Limited (MSSSL), a joint venture between India’s Bajaj Group and Japan’s Sumitomo Corporation, has announced plans to establish a greenfield integrated steelmaking facility in Kanakapura, Koppal, Karnataka, with an investment of Rs 23.45 billion. The project is subject to obtaining necessary environmental clearances.The upcoming facility will have a production capacity of 0.35 million tonnes per annum and is scheduled to begin operations by early 2028. Once completed, it will double MSSSL’s total production capacity to 700,000 tonnes annually, consolidating its position among India’s leading special steel manufacturers.Currently, MSSSL produces around 350,000 tonnes of specialised steel products annually, primarily catering to the automobile and engineering industries. Since its inception in 2018, the company has manufactured bars, wire rods, and secondary products across more than 400 grades and specifications.The new plant will follow a Zero Liquid, Solid, and Gaseous Discharge Model, with over 95 per cent of its energy needs sourced from renewables. This aligns with MSSSL’s long-term commitment to achieving net-zero steel production by 2050.Designed for critical applications in the automotive, railway, oil and gas, energy, and bearing steel sectors, the facility will also integrate future-ready infrastructure. Planned features include hydrogen-ready systems, carbon capture technologies, and high levels of automation and digital integration across iron making, steel making, and blooming mill operations.This expansion marks a significant milestone in MSSSL’s journey toward sustainable, high-grade steel production and is expected to strengthen India’s position in the global special steel value chain.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement