JSW Steel plans to invest between INR 500 billion and INR 600 billion over the next three to four years to set up 10 million tonnes per annum (MTPA) of green steel production capacity at its Salav plant in Raigad district, near Mumbai. The investment is part of a brownfield expansion of the existing facility.
According to the company, the new facility is expected to emit approximately 20% of the carbon produced by traditional steel plants. The move comes amid increasing international demand for low-carbon steel, particularly from European markets implementing stricter import mandates related to emissions.
The Salav plant was previously slated for phased expansion to reach 4 MTPA. The new plans significantly increase that target as part of JSW Steel’s broader capacity growth strategy.
Speaking at a press event in Mumbai, JSW Steel chairman and managing director Sajjan Jindal addressed issues related to international steel trade, citing rising steel imports from China and Vietnam. “The government is working on safeguard duties which will be in place in a few days,” he said. He noted that China exported over 120 million tonnes of steel last year and is now redirecting supply to overseas markets amid slowing domestic demand.
JSW Steel currently operates at a capacity of 34.2 MTPA and is pursuing a long-term objective to increase total production capacity to 100 MTPA. The company is part of the USD 24 billion JSW Group.