JSW Steel Limited and JFE Steel Corporation have announced a joint investment of INR 58.45 million in their joint venture GOES (grain‑oriented electrical steel) plants in Vijayanagar, Karnataka, and Nashik, Maharashtra. Once completed, the combined GOES capacity of these facilities will reach 350,000 tonnes per annum (TPA), with phased commissioning beginning in FY2028.
At Vijayanagar, the capacity will be raised from the earlier plan of 62,000 TPA to 100,000 TPA, requiring an investment of INR 15.45 billion. Meanwhile, the Nashik plant—acquired earlier—will scale up from 50,000 TPA to 250,000 TPA, with an investment of INR 43 billion.
Combined with earlier commitments and the Nashik acquisition, the partners’ total cumulative investment in these operations now stands at INR 155.6 billion.
“India’s green energy transformation, decarbonisation and digital infrastructure development are triggering large demand for high‑grade electrical steel. Our GOES investment is a critical step in enabling import substitution, supporting India’s energy transition goals, and delivering high‑efficiency electrical steel solutions to the domestic and global markets,” said Jayant Acharya, Joint MD & CEO of JSW Steel.
JSW Steel is the flagship of the USD 23 billion JSW Group, with a current consolidated steel‑making capacity of 35.7 million tonnes per annum (MTPA), including 1.5 MTPA in the U.S. Its capacity is projected to grow to 43.4 MTPA over the next three years. The company has also committed to achieving net‑zero carbon emissions by 2050, along with a full transition to renewable energy by 2030.
