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JSW Steel to spend over INR 19,000 Crore to expand Dolvi plant

JSW Steel to spend over INR 19,000 Crore to expand Dolvi plant

Unnati More May 20, 2024 0

India’s leading multinational steel producer, JSW Steel, is planning a significant expansion at its Dolvi plant. The company will invest an estimated INR 19,000 Crore in this capacity addition.

The expansion aims to cater for the demand for value-added special steel products. JSW Steel will add 5 million tonnes of capacity, taking its total capacity to 15 million tonnes per annum by September 2027.

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JSW Steel’s capacity addition cost is around USD 460 per tonne, significantly lower than the global average cost of USD 700. The company will fund this expansion primarily through internal accruals. This strategic move positions JSW Steel to meet growing demand and enhance its production capabilities.

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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.


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