JSW Steel Forges Ahead with Ambitious Projects

JSW Steel has provides an update on its ongoing ventures The formidable 5 million metric tons per annum
Image Name – JSW Steel
Image Name – JSW Steel Image Source – JSW Steel

The formidable 5 million metric tons per annum brownfield expansion at Vijayanagar progresses resolutely, with construction activities and equipment erection diligently underway for all packages. This ambitious project, characterized by its audacity, is slated for completion by the culmination of FY24, standing as a testament to JSW Steel's unwavering commitment to growth and development.

Meanwhile, the Phase-I expansion at BPSL, elevating its capacity from 2.75 million metric tons per annum to 3.5 million metric tons per annum, was successfully concluded in FY23, exemplifying JSW Steel's astute project management capabilities. Encouraged by this accomplishment, the company remains steadfastly on track to realize the Phase-II expansion, augmenting the capacity further from 3.5 million metric tons per annum to an impressive 5 million metric tons per annum, with a projected completion date in FY24

During Q4 FY23, the company allocated a substantial sum of ₹3,507 crores towards capital expenditure, and for the entire fiscal year of FY23, the total spend amounted to ₹14,214 crores, slightly below the revised planned amount of ₹15,000 crores.

Looking ahead, JSW Steel anticipates an expenditure of ₹18,800 crores for FY24, primarily dedicated to the finalization of the 5mtpa brownfield expansion at Vijayanagar, the Phase-II expansion at BPSL, and various downstream facilities, accentuating their unwavering focus on sustainable growth.

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