Steel, iron ore companies likely to add 13 mt of capacity by FY22

While 13 mt is likely to be the addition in the next two years, by FY25, the ministry is expecting 28-30 mt from the current planned capacity expansions of existing players

In the next two years, at least 13 million tonnes (mt) of capacity is likely to be added by the country's top steel and iron ore producers in a market that is currently growing at 3 per cent.

In the private sector, JSW Steel is likely to complete its 5 mt expansion at Maharashtra's Dolvi next year; Tata Steel's second phase of expansion is underway at Odisha's Kalinganagar and is expected to be completed between the end of calendar year 2021 and financial year 2022. State-owned NMDC, the single largest iron ore producer, is targeting to complete its 3 mt