MSSSL to Invest Rs 23.45 Billion in Karnataka Steel Plant

02 Sep 2025 CW Team

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.

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