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JSW Steel plans Rs 47,457 cr capex in 3 years, to expand capacity to 38 MTPA by 2024
The new projects will cost Rs 25,115 crore, while the ongoing investments, including doubling of capacity at Dolvi in Maharashtra to 10 MTPA, will require Rs 22,342 crore.
Nevin John | May 23, 2021 | Updated 20:22 IST
JSW Steel targets to expand its capacity to 38 MTPA by 2024 from the present 23 MTPA.
JSW Steel, India's most-valued steel company, plans to spend Rs 47,457 crore towards capital expenditure in the next three years, primarily for adding 5 million tonnes per annum (MTPA) steel making capacity at Vijayanagar, Karnataka, and building mining infrastructure in Odisha.
The new projects will cost the company Rs 25,115 crore, while the ongoing investments, including doubling of capacity at Dolvi in Maharashtra to 10 MTPA, will require Rs 22,342 crore.