JSW Steel wants to have 10 mt global footprint, says Seshagiri Rao

Caution is necessary while bidding (for stressed assets). We will be looking at the cycle average rather than looking at the current situation, said Rao

JSW Steel has lined up brownfield investment in the domestic market and overseas investment that it expects will yield shareholder returns. Seshagiri Rao, joint managing director and group chief financial officer, tells Ishita Ayan Dutt that in two years JSW will have a capacity of 26 million tonnes (mt). Edited excerpts:  

Why is JSW suddenly shifting focus to overseas markets? 

Our capacity increase in the next two years in India, from 18 mt to 25 mt, is a 40 per cent growth in production. If Monnet comes to us, the incremental increase will be 8 mt. So, India focus continues