Strategic collaboration - JSW Steel Ltd

Code BSE: 500228 NSE:

JSW Steel Limited, in strategic collaboration with its Japanese partner JFE Steel Corporation, today 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. Key Highlights of the Expansion Plan a) 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. b) Nashik Plant (Maharashtra): Production capacity to expand five-fold to 250,000 tons per annum for phased commissioning from FY2028. c) Strategic Outcome: Strengthens JSW JFE’s position as India’s leading integrated GOES producer