JSW Steel to Add 5 Million Tonnes Capacity at Vijaynagar
JSW SteelJSW Steel

JSW Steel to Add 5 Million Tonnes Capacity at Vijaynagar

After a glorifying journey of almost 40 years, JSW Steel plans to expand capacities further at its existing plants over the next 3 three years as the

After a glorifying journey of almost 40 years, JSW Steel plans to expand capacities further at its existing plants over the next 3 three years as the company's board approved the expansion programme. New investments include

  1. 5mtpa brown field expansion at Vijayanagar – INR 15,000 crore

  2. 120ktpa Colour Coated Line in J&K – INR 100 crore

  3. Odisha Mining – INR 3,450 crore

  4. Sustenance Capex – INR 6,565 crore

  5. Total – INR 25,115 crore

5MPTA brownfield project at Vijayanagar

  1. Increase steel-making capacity by 5 million tonnes at Vijayanagar from the existing 12 million tonnes

  2. Total estimated capex – INR 15,000 crore

  3. Expansion is expected to be completed by FY 2024

  4. Surplus pellets, sinter, coke making facilities at existing operations will be utilised to meet the key raw material requirements of the project

  5. Value-accretive project at low capex of c. USD 400 per tonne

Iron Ore Mining - Odisha

  1. Enhance mining capabilities and efficiencies

  2. Estimated capex of INR 3,450 crore; expected completion over two years

  3. Enhance own mining infrastructure to reduce reliance on outsourced mining

  4. Grinding and washing facilities to improve the quality of the ore, aiding higher productivity at the steel-making operations

  5. Implement digitalization across the mining operations

In addition, doubling of capacity at Dolvi in Maharashtra to 10 million tonne per annum will require INR 22,342 crore. Dolvi expansion will be completed by July and the plant will be fully integrated by September. The coke oven plant commenced production in February, while pellet plant was commissioned in March. The hot strip mill also started rolling from March. The completion of blast furnace and steel melting shop has been delayed because of COVID-19 disruptions.

JSW's history can be traced back to 1982, when the Jindal Group acquired Piramal Steel Limited, which operated a mini steel mill at Tarapur in Maharashtra and renamed it as Jindal Iron and Steel Company. Soon after the acquisition the group set up its first steel plant in 1982 at Vasind near Mumbai. Jindal Vijayanagar Steel Ltd was set up in 1994, with its plant located at Toranagallu in the Ballari-Hospet area of Karnataka In 2005, JISCO and JVSL merged to form JSW Steel Ltd. JSW Steel targets to expand its capacity to 38 million tonne by 2024 from the present 23 million tonne including Monnet Ispat and Bhushan Power and Steel.

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