Mukand Sumi Special Steel Limited (MSSSL) has announced plans to establish a greenfield integrated steelmaking facility at Kanakapura, Koppal, Karnataka, with an investment of Rs 23.45 billion. The project is expected to increase the company’s production capacity to 700,000 tonnes per annum once operational.
The new facility is scheduled to begin operations by early 2028. It will have an installed capacity of 0.35 million tonnes per annum in the first phase, covering iron making, steel making, and blooming mill facilities. The project is currently subject to environmental clearances.
“This expansion marks a significant milestone in our long-term growth roadmap. Guided by the forward-looking vision of our Chairman, Niraj Bajaj, we are investing in sustainable and future-ready technologies that will strengthen our position in the global special steel market. By enhancing our manufacturing capabilities, we are not only responding to the evolving demands of our customers but also aligning ourselves with the broader national objective of self-reliance. Our aim is to deliver exceptional value to our customers while building a future-ready, responsible steel ecosystem,” said Vipul Mashruwala, President of Mukand Sumi Special Steel Limited.
The plant is designed to operate on a sustainability-first model, aiming for zero liquid, solid, and gaseous discharge. MSSSL expects more than 95 percent of its energy needs to be met through renewable sources. The company has also committed to achieving net-zero steel manufacturing by 2050, with future phases expected to include hydrogen-ready infrastructure and carbon capture technologies.
“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,” added Mashruwala.
MSSSL, a joint venture between India’s Bajaj Group and Japan’s Sumitomo Corporation, was established in 2018. Since then, it has produced around 350,000 tonnes of special steel products annually, including bars, wire rods, and secondary products, mainly for the automobile and engineering sectors. The company’s expansion is aimed at meeting rising demand in automotive, railways, oil and gas, energy, and bearing steel applications.
