+
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

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code