JSW Steel to invest Rs 15,000 crore in 5 mn tonne capex at Vijaynagar works

Analysts see capex value accretive; in line with country's consumption growth outlook

Sajjan Jindal-led JSW Steel today said it will be investing Rs 15,000 crore to expand capacity at its Vijayanagar facility in Karnataka for commissioning in FY24.

Of the total six-million-tonne expansion planned, the new part of the project consists of 5 million tonnes and one million tonnes at the existing facility through optimisation.

Today, Union Steel Minister Ram Chandra Prasad Singh laid the foundation stone of the new 5-million-tonne project at JSW Steel Vijayanagar Works integrated steel facility in Ballari, Karnataka.

The Environmental Clearance (EC) for the project has already been received from the Ministry of Environment, Forests & Climate