Investment4 Aug 2025, 10:34 am
JSW Steel and JFE Steel to Expand Grain-Oriented Electrical Steel Capacity to 350,000 Tons Per Annum in India
AI Summary
JSW Steel and JFE Steel have announced a significant expansion of manufacturing capacity for grain-oriented electrical steel (GOES) through their joint ventures - JSW JFE Electrical Steel Private Limited at Vijayanagar, Karnataka, and JSW JFE Electrical Steel Nashik Private Limited, Maharashtra. The two partners will jointly invest approximately $5,845 crore towards this expansion. This expansion is aimed at building self-reliance in India's specialty steel sector and supporting national programs such as Make in India and Atmanirbhar Bharat, while also addressing the rapidly growing domestic demand for high-efficiency electrical steel.
Key Highlights
- Vijayanagar Plant (Karnataka): Capacity to be increased to 100,000 tons per annum from the earlier plan of 62,000 tons per annum, scheduled for commissioning by FY2028.
- Nashik Plant (Maharashtra): Production capacity to expand five-fold to 250,000 tons per annum for phased commissioning from FY2028.
- This investment strengthens JSW JFE’s position as India’s leading integrated GOES producer.
- The overall investments will amount to 715,560 crores.
- The investment is a critical step in enabling import substitution, supporting India’s energy transition goals, and delivering high-efficiency electrical steel solutions to the domestic and global markets.