JSW Steel will allocate most of its planned ₹20,000 crore capital expenditure for the current financial year towards expanding capacity at its Dolvi plant in Maharashtra, according to CEO Jayant Acharya.
As per a report, the company is increasing the plant’s capacity from 10 million tonnes to 15 million tonnes as part of the third phase of expansion, expected to be completed by September 2027.
The remaining funds will go towards ongoing projects at Bhushan Power, Jindal Vijayanagar Metallics (JVML), and downstream operations. This year’s planned capital expenditure is more than 19 per cent higher than the ₹16,752 crore spent in 2024–25.
JSW Steel plans to allocate the majority of its projected ₹20,000 crore capital expenditure for the current financial year to enhance capacity at its Dolvi facility in Maharashtra, as stated by CEO Jayant Acharya. According to a report, the company is set to increase the plant’s capacity from 10 million tonnes to 15 million tonnes as part of the third phase of expansion, which is anticipated to be finalized by September 2027.
The remaining capital will be directed towards ongoing initiatives at Bhushan Power, Jindal Vijayanagar Metallics (JVML), and downstream operations. This year’s intended capital expenditure exceeds 19 percent compared to the ₹16,752 crore utilized in 2024–25. Acharya mentioned that a significant portion of the investment will be sourced from internal accruals, although JSW Steel will persist in seeking refinancing options to lower its capital costs.
JSW Steel, the flagship entity of the JSW Group, aims to achieve an annual steel production capacity of 50 million tonnes by 2030–31. Of this total, up to 42 million tonnes will be derived from brownfield projects expected to be completed by September 2027.
Acharya pointed out that while the safeguard duty imposed by the Indian government has effectively restricted imports of specific steel products, exports have not experienced significant growth. “One of the reasons is that the global situation is fragile and uncertainties are clouding the outlook, so people are naturally a little bit more cautious,” he remarked.
