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JSW Steel to Spend Rs 19,000 Cr to Expand Dolvi Plant

May 21, 2024

By: BlinkX Research Team

JSW Steel will spend over 19,000 crore rupees in the third phase of capacity expansion in its plant in Dolvi, according to a report from The Economic Times. The cost of this capacity expansion will be among the lowest for brownfield expansion for the company.

Key Takeaways from JSW Steel:

• The capacity expansion will be among the lowest for brownfield expansion in the company.
• The expansion will add another 5 million tonnes of capacity at its plant in Dolvi, Maharashtra, taking the total count to 15 million tonnes per annum.
• The company also plans to spend 20,000 crore rupees on capital expenditure in the current fiscal year, and 23,000 crore in the next fiscal.
• JSW Steel also focuses on its raw materials security.

The expansion will be very cost-effective since some of the infrastructure facilities are already there and some of the equipment is already there as part of phase 2, Jayant Acharya, CEO of JSW Steel said.

The expansion will add another 5 million tonnes of capacity at its plant in Dolvi, Maharashtra, taking the total count to 15 million tonnes per annum by September 2027, aiming towards a total production capacity of 42 million tonnes by then.

According to the Economic Times, the investment will take the company’s total capital expenditure to more than 64,000 crore rupees in three years. 

Further, the company plans to spend 20,000 crore rupees on capital expenditure in the current fiscal year, and 23,000 crore in the next fiscal, said the financial daily.

JSW Steel also focuses on its raw materials security and has acquired a majority stake in premium hard-coking coal mine in Mozambique, the report said.

About JSW Steel Limited:

JSW Steel Limited, one of India’s leading integrated steel manufacturers and the flagship company of  JSW Group, holds a capacity of 18 MTPA. It is one of the fastest-growing Indian companies with a footprint in over 100 countries. The manufacturing facilities are located in Karnataka, Tamil Nadu and Maharashtra. JSW offers a wide gamut of steel products including hot rolled, cold rolled, bare & pre-painted Galvanized & Galvalume among others.

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