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JSW Steel to invest Rs 20,000 cr capex in FY24

Monday, 30 Jan 2023
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JSW Steel is planning to secure its capital expenditure for FY24 at 20,000 crore as it intends to expand nine million tonne to its current capacity.

The company expects to increase its emphasis on battery storage solutions as the transition to renewable power across industries entails tackling the issue in the sector. In January 2023, the firm marked its entry into battery storage.

JSW Steel outlined the capex of the Rs 49,000 crore investment over three years.

The company expects to reach approx Rs 15,000 crore capex target in 2023.

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