JSW Steel to invest ₹15,000 crore for expansion of its Karnataka facility

As part of its next phase of growth, the company is targeting an overall capacity of 37.5 MTPA in India & USA by FY25.

Steel magnate Sajjan Jindal owned JSW Steel set to invest Rs 15,000 crore at its Vijayanagar Works Integrated Facility in Ballari, Karnataka. The Steel major is going to expand this facility by 5 metric tonnes per annum (MTPA) by FY24, the company said in a press release.
Union Minister for Steel Ram Chandra Prasad Singh today laid the foundation stone for the new 5MTPA facility at the JSW’s steel complex at Ballari. This expansion is being undertaken through JSW’s Vijayanagar Metallics Ltd, a wholly-owned subsidiary of JSW Steel Ltd.
The Environmental Clearance (EC) for the project has already been received from the Ministry of Environment, Forests & Climate Change, Government of India and preliminary clearance from the ‘Single Window High-Level Clearance Committee’ (SHLCC), Government of Karnataka has also been secured.

As part of the 18 MTPA Roadmap for its Vijayanagar Works Steel Facility, JSW Steel aims to achieve an additional 1 MTPA expansion through up-gradation of the current facility to achieve 13 MTPA capacity within the next 12 months.

The Union Minister for Steel lauded JSW Steel’s contribution to building a stronger India. Dwelling on the growing potential of the steel sector, Steel Minister conveyed that the expansion projects would also help in augmenting the availability of world-class steel and the progressive plans of the Ministry of Steel, Govt. of India.

Commenting on the investment and expansion of the facility, Sajjan Jindal, Chairman of JSW Steel said, “The new 5 MTPA project at Vijayanagar is aligned to our Sustainability goals and focus on the circular economy by optimizing our water, waste, carbon and energy footprint. We will efficiently execute this brownfield expansion by leveraging our strong project capabilities and track record.”

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