JSW STEEL
Expansion of steel production capacity to 300 MT will translate into additional investment of Rs. 10 lakh crore (US$ 156.08 billion) by 2030-31.
JSW Steel is a flagship company of the JSW Group. The company is a leading integrated steel manufacturer. Currently one of the fastest-growing companies in India, it has a presence in over 100 countries. JSW is also the first company to manufacture high-strength and advanced high-end steel products for its automotive segments.
With the largest product portfolio in steel, the company is also India's largest steel exporter, shipping to over 100 countries across five continents. With plants in Karnataka, Tamil Nadu, and Maharashtra, it has the capacity to produce 18 MTPA. Now, as the company ramp-ups production plans, it is on track to hit the 40 MTPA mark, within a span of 10 years.
JSW Steel plans to increase its capacity to produce around 37 million tonnes per annum (MTPA) of crude steel by financial year 2027 from about 18 MT in fiscal year 2020.
- Presence in over 100 countries
- India’s largest steel exporter
- Production capacity of 18 million tonnes per annum (MTPA)
- Crude steel production stood at 15.08 million tonnes in FY21
- Total income stood at Rs. 26,159 crore (US$ 3.51 billion) in the first quarter of FY22
JSW Steel – Better Everyday
| Year | Milestone |
|---|---|
| 2024 |
In May 2024, FY24 total income for JSW Steel stood at Rs. 1,76,010 crore (US$ 21.11 billion) In March 2024, JSW Steel Italy SRL has entered into a memorandum of understanding (MoU) with the Italian government to initiate production at the Piombino plant, committing an investment of €140 million. In February 2024, The Chief Minister of Odisha has inaugurated the groundbreaking ceremony for JSW's integrated environmentally sustainable steel manufacturing complex, with the company set to invest approximately Rs. 65,000 crore (US$ 7.8 billion). |
| 2023 |
In November 2023, JSW Steel completed an investment of Rs. 750 crore (US$ 90.2 million) in the Group company JSW Paints as promised in July, 2021. Following the investment, JSW Steel owns 2,94,82,565 equity shares in JSW Paints, representing 12.84% of the issued and paid-up equity capital of JSW Paints. In July 2023, JSW Steel increased steel production at enterprises in the country by 10% y/y – up to 1.97 million tonnes. JSW Steel accomplished a ‘significant breakthrough in environmental sustainability’ by successfully injecting waste plastic into Blast Furnace 3 at its Vijayanagar steel plant following extensive trials. JSW Group Chairman Mr. Sajjan Jindal has set an ambitious expansion plan in the steel, with an aim to double steel capacity and capture a 10% market share in paints by 2026. In February 2023, JSW Group laid the foundation stone of a steel plant in Pulwama, Kashmir. JSW Steel Ltd. reported a 15% rise in crude steel production at 18.91 lakh tonnes in January, 2023, while it was 16.46 lakh tonnes in January 2022. |
| 2022 |
In the first nine months of FY23, the total revenue of JSW Steel stood at Rs. 94,534 crore (US$ 11.54 billion). In October 2022, JSW Steel signed an MoU with Smartex to explore the potential to promote innovation and turnkey approaches from financing to technology availability and market access aimed at decarbonisation of the steel sector in India. In September 2022, JSW Steel signed an MoU with SMS group to explore multiple cutting-edge solutions and research and development projects to reduce carbon emissions in its iron and steel making operations in India. In March 2022, JSW Steel has set aside US$ 1.3 billion to cut carbon emissions by switching to solar energy and repurposing more scrap. |
| 2021 |
In July 2021, JSW Steel reported crude steel production at 13.82 lakh tonnes, an increase of 11% YoY, as against 12.46 lakh tonnes in July 2020. JSW Steel is the only Indian Steel company ranked amongst the list of top 10 steel producers in the world by “World Steel Dynamics” for last 10 consecutive years. In May, the company recorded production of 13.67 lakh tonnes, an increase of 10% YoY, compared with 12.48 lakh tonnes in May 2020. |
| 2020 |
JSW Steel offered differential pricing as part of its personalised services for micro, small and medium enterprises (MSMEs) Acquired Bhushan Power and Steel Ltd in a deal worth Rs. 19,700 crore (US$ 2.82 billion) |
| 2019 |
JSW Group entered paints business, eyeing Rs. 2,000 crore (US$ 290.3 million) revenue by FY22 |
| 2018 |
Reported highest ever quarterly crude steel production of 4.31 million tonnes in Q1 2018 |
| 2018 |
Announced investments of US$ 500 million to build its US operations in Texas |
| 2016 |
JSW Steel announced that it has completed the acquisition of 74 per cent shareholding of Praxair India Private Limited in JSW Praxair Oxygen Private Limited (JPOPL) |
| 2014 |
Announced the launch of Cold Rolling Mill 2 (CRM-2) mill facility at Vijayanagar Works, Karnataka |
| 2013 |
Became India's largest private sector integrated steel manufacturer with production capacity of 14.3 MTPA |
| 2009 |
The 2.8 MTPA crude steel expansion project at Vijayanagar Works commenced commercial production enhancing overall manufacturing steel capacity of the company to 7.8 MTPA |
| 2005 |
The company's name was changed to JSW Steel on June 16, 2005 |
| 2004 |
JSW Group acquired and took over the company |
| 1999 |
Entered into an agreement with Steel Authority of India Limited (SAIL) for procuring slab |
| 1997 |
Commissioned Blast Operating Furnace (BOF) and Continuous Casting Project (CCP) units to synchronize with the commissioning of the first unit of Corex |
| 1995 |
Entered into a Joint Venture (JV) with Praxair to build and operate the world's largest cryogenic air separation plants |
| 1994 |
Incorporated as Jindal Vijayanagar Steel Ltd on March 15, 1994 |
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