JSW Group’s ₹1 Lakh Crore Mega Steel Plant in Gadchiroli Moves Closer to Reality

0
669
JSW Group’s ₹1 Lakh Crore Mega Steel Plant in Gadchiroli Moves Closer to Reality

The JSW Group’s ambitious plan to establish a mega integrated steel plant in Gadchiroli district, Maharashtra, has gained momentum, with the Maharashtra Industrial Development Corporation (MIDC) initiating the acquisition of 3,500 acres of land for the project. The plant, with a proposed capacity of 25 million tonnes (MT) per annum, will double JSW’s current steelmaking capacity, significantly boosting India’s overall production landscape.

Estimated to cost around ₹100,000 crore, the project is one of the largest private-sector industrial investments in Maharashtra’s history. The land acquisition process is currently underway, along with efforts to secure necessary environmental and local clearances. Once operational, the plant is expected to catalyse economic development in the Vidarbha region, generating thousands of direct and indirect employment opportunities and spurring ancillary industrial growth.

According to a report, Gadchiroli was chosen due to its proximity to iron ore resources, availability of water from the Indravati River, and logistical advantages offered by the nearby Nagpur–Hyderabad and Mumbai–Nagpur transport corridors. Despite being a tribal and Naxal-affected area, the government and JSW have expressed confidence in executing the project while ensuring local participation and sustainable development.

This move aligns with JSW’s long-term vision of becoming a global steel powerhouse, while supporting the central government’s National Steel Policy, which aims to scale up India’s steel production capacity to 300 Mt by FY2030–31. The plant will also likely integrate advanced and low-emission technologies, in line with JSW’s sustainability commitments.

With land acquisition now in motion, the project marks a critical step in industrialising underdeveloped regions and bolstering India’s self-reliance in steel.