Home / Companies / News / Mukand Sumi Special Steel to invest ₹2,345 cr in Karnataka greenfield plant

Mukand Sumi Special Steel to invest ₹2,345 cr in Karnataka greenfield plant

Mukand Sumi Special Steel Limited (MSSSL) is a joint venture company between Japan's Sumitomo Corporation (49:51%) and Jamnalal Sons Private Limited (Bajaj Group), which owns 51%

The new facility, to be set up with an investment of Rs 2,345 crore, will produce special high-grade steel for automotives, railways, energy, oil & gas and bearings. (Representative Picture)

Press Trust of India New Delhi

1 min read Last Updated : Sep 01 2025 | 7:01 PM IST

Listen to This Article

Mukand Sumi Special Steel on Monday said it will invest Rs 2,345 crore to set up a greenfield project in Kanakpura, Karnataka.

Mukand Sumi Special Steel Limited (MSSSL) is a joint venture company between Japan's Sumitomo Corporation (49:51 per cent) and Jamnalal Sons Private Limited (Bajaj Group), which owns 51 per cent.

"With this collaboration, MSSSL's productive potential will increase to 7,00,000 tonnes per annum, positioning it among India's pre-eminent special steel manufacturers," Mukand Sumi Special Steel said in a statement.

The new facility, to be set up with an investment of Rs 2,345 crore, will produce special high-grade steel for automotives, railways, energy, oil & gas and bearings.

The company will follow a zero liquid, solid, and gaseous discharge model, with over 95 per cent of energy needs met through renewables.

"The new facility will allow us to serve growing demand with greater efficiency, quality, and environmental responsibility. It is a step forward in realising our shared vision of creating a world-class, sustainable special steel enterprise," said Vipul Mashruwala, President, Mukand Sumi Special Steel Limited.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)