JSW Steel plans to up capacity to 45 MT

A top official of JSW Steel has said the alloy-maker is planning to increase its manufacturing capacity to 40-45 million tonne by 2030 from the present 18 million tonne.

Today we have 18 mt installed capacity which is 15 per cent of the national steel manufacturing capacity of 128 mt. If the country builds 300 mt capacity by 2030, we would like to plan accordingly to maintain our 15 per cent share, which will be 40-45 mt,” JSW Steel joint managing director & group CFO Seshagiri Rao was quoted as saying by PTI.

The national steel policy envisages to increase installed capacity to 300 mt by 2030 from the current 128 mt.

“We have environmental clearances to increase the capacity at the Vijaynagar plant from 12 mt to 16 mt. At Dolvi, we have approvals to double the capacity to 10 mt. This means we have the approval to increase our capacity to 27 mt from the present 18 mt,” Rao added.

Image Credit : images.financialexpress.com

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