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JSW Steel to infuse Rs 25,115 cr on expansion

Monday, 24 May 2021
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JSW Steel is planning to expand capacities at its existing plants at an investment of Rs 25,115 crore over the next three years. The company's board has approved the expansion programmes. 
This includes an investment of Rs 15,000 crore at its plant in Ballari district of Karnataka where it operates a 12 million tpa steel plant. The company plans to expand the capacity by five million tpa over the next three years.
JSW Steel’s plant at Vijayanagar in Karnataka is India's largest single-location steel plant and this brownfield expansion will be completed by FY24. The company will leverage its strong capabilities and track record of implementing brownfield expansions efficiently. 
The proposed expansion programme also includes sustenance and other capital expenditure of Rs 6,565 crore. 
The board has approved some key projects, which will enable JSW Steel to continue to meet the growth in steel demand in India, in line with the government's national steel policy projections of 300 tpa capacity requirements by 2030. 
The company also plans to enhance its mining capabilities and efficiencies at a capex of Rs 3,450 crore at four of its mines acquired in auctions in 2020. 
It plans to enhance its own mining infrastructure to reduce reliance on outsourced mining, implement digitalisation, and set up grinding and washing facilities to improve the quality of the ore which will lead to higher productivity at the steel-making operations.
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