JSW Steel JV to Expand Sambalpur Plant for ₹7,500 Cr

JSW Steel's Board of Directors has approved a significant expansion and upgradation project for its 50:50 joint venture, JSW JFE Steel Limited (JJSL), at Sambalpur, Odisha. The project aims to increase the plant's capacity to 5 MTPA and involves an equity investment of ₹7,500 crore, to be shared equally by JSW Steel and JFE Steel Corporation. The expansion is expected to commence in April 2027 and take approximately 3.5 years to complete, enhancing JJSL's market position and export capabilities. Additionally, the Board approved the incorporation of a wholly-owned subsidiary in the UAE for overseas investment, trading, and business development, with an initial cash consideration of AED 100,000.