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Bloomberg Quint

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JSW Steel To Invest Rs 50,000 Crore In Maharashtra For Green Steel Capacity For European Market

  • JSW Steel plans to invest over Rs 50,000 crore to create 10 million tonnes per annum of green steel capacity at a plant in Maharashtra.
  • The investment is necessitated by a European mandate on green steel, and the new capacity will emit a fifth of the carbon emissions produced by conventional plants.
  • JSW Steel also expects the government to impose safeguard duties to protect domestic steel manufacturers from dumping by China and Vietnam.
  • The company aims to be the largest steel producer in the world with a capacity of 100 million tonnes per year, up from the present 34.2 million tonnes.

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