Archive · 26 Jan 2026
JSW Steel Plans ₹2 Trillion Expansion by 2031
JSW Steel, a big Indian steel company, is planning to make a lot more steel.
They want to increase their production to 56 million tonnes per year by 2031.
This is more than they originally planned.
They are also working to get the materials they need, like iron ore and coal, from their own mines.
The company recently made a lot of money in the last three months, but some of that was from one-time things.
They are also being looked at by regulators for possible price-fixing, but they say they followed all the rules.
Other big steel companies in India are also expanding, so there will be more steel available in the future.
The company plans to invest ₹2 trillion over the next five years to achieve this goal, focusing on both capacity expansion and value-added products.
JSW Steel plans to invest ₹2 trillion over the next five years to expand its production capacity to 56 mtpa by FY31.
The company aims to source 50% of its iron ore and 25% of its coking coal from captive mines by FY31.
JSW Steel reported a consolidated net profit of ₹2,139 crore for Q3, up from ₹717 crore a year ago, boosted by one-time items.
The company is facing regulatory scrutiny over allegations of price collusion but maintains compliance with competition laws.
JSW Steel's EBITDA for the first nine months stood at ₹22,335 crore, almost touching FY25 generation, with expectations to boost further by FY28.
- Who
- JSW Steel, India's largest steelmaker by capacity
- What
- Expanding production capacity to 56 mtpa by FY31 with a ₹2 trillion investment
- When
- Target to be achieved by the fiscal year 2031
- Where
- Primarily in India, with expansions in Odisha, Karnataka, Maharashtra, and potential US growth
- Why
- To meet increasing domestic demand and secure raw material supply, following a period of weak steel prices and margin pressure
- Current Capacity
- 35.7 mtpa
- Target Capacity (FY31)
- 56 mtpa (excluding BPSL)
- Expected Capacity (including BPSL)
- 60 mtpa by FY31
- Investment Plan
- ₹2 trillion over 5 years
- Iron Ore Sourcing
- 50% from captive mines by FY31
- Coking Coal Sourcing
- 25% captive, potentially 33-35% with Mozambique acquisition
- Q3 Net Profit
- ₹2,139 crore (up from ₹717 crore a year ago)
- Q3 Revenue
- ₹45,991 crore (11% YoY increase)
- EBITDA (9 months)
- ₹22,335 crore
- Deleveraging by June
- ₹37,000 crore
