JSW Steel and JFE Steel Announce ₹5,845 Crore Expansion of Electrical Steel Capacity in India
#JFE #MakeInIndia #Manufacturing #Expansion #Steel #JSW“Our GOES 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.” - Jayant Acharya, Joint Managing Director & CEO, JSW Steel
August 2025 : JSW Steel Limited and its strategic partner, Japan's JFE Steel Corporation, have announced a major expansion of their grain-oriented electrical steel (GOES) manufacturing capacity through their joint ventures in India. The two companies will jointly invest approximately ₹5,845 crore to significantly boost production at their facilities in Vijayanagar, Karnataka, and Nashik, Maharashtra.
This expansion is a strategic move to support India's push for self-reliance in specialty steel and aligns with national initiatives like "Make in India" and "Atmanirbhar Bharat." The increased capacity is designed to meet the rapidly growing domestic demand for high-efficiency electrical steel, driven by key sectors such as renewable energy, E-Mobility, energy transition for decarbonization, and AI data centers.
Key Highlights of the Expansion:
● Vijayanagar Plant (Karnataka): Production capacity will be increased to 100,000 tons per annum, up from the previously planned 62,000 tons. This expansion is scheduled for commissioning by FY2028.
● Nashik Plant (Maharashtra): The Nashik facility's production capacity will be expanded five-fold to 250,000 tons per annum, with phased commissioning beginning in FY2028.
● Total Investment: This new capital investment, combined with prior investments, brings the total expenditure to ₹15,560 crore, reinforcing JSW JFE's position as India's leading integrated GOES producer.
Mr. Jayant Acharya, Joint Managing Director & CEO, JSW Steel, commented on the expansion's strategic importance: “India’s green energy transformation, decarbonization and digital infrastructure development are triggering large demand for high-grade electrical steel. Our GOES 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.”
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