JSW Steel Signs MoU to Expand Dolvi Capacity to 14 MTPA

The Maharashtra government has inked MoUs worth INR 61,042.53 crore with 25 companies. Memorandums of understanding signed between Maharashtra Industrial Development Corporation and companies under the Magnetic Maharashtra 2.0 initiative. The biggest investment deal signed was with JSW Steel that is planning to expand its existing plant at Dolvi in Raigad district to the country’s largest steel plant to a capacity of 14 million tonne per annum with an investment of INR 20,000 crore.

Another steel manufacturer, Kirtikumar Steel Udyog, has proposed INR 7,000 crore plants at Wada in Thane.