JSW Steel is shifting its strategic focus toward its Paradip infrastructure initiative as legal uncertainties continue to stall its acquisition of Bhushan Power & Steel Limited (BPSL). Earlier this year, the Supreme Court set aside JSW’s ₹19,350 crore resolution plan for BPSL, citing procedural lapses during the insolvency process. While the court simultaneously granted a temporary stay on liquidation following JSW’s review petition, a final decision is still pending. Chief Justice of India B.R. Gavai is expected to form a bench to hear the matter soon, but with no clear timeline, JSW is preparing to move forward with alternative expansion plans.
As a contingency, JSW is doubling down on its greenfield project in Paradip, Odisha. Through its subsidiary JSW Utkal Steel Ltd, the company is investing ₹2,100 crore to develop a 52-million-tonne capacity cargo jetty at Jatadhara near Paradip Port. This jetty is a key part of a broader infrastructure blueprint that includes raw material handling and export-import logistics for future steel production facilities in the region. The initiative is expected to create over 3,400 direct and indirect jobs and support JSW’s ambition to scale up its national capacity to 50 MTPA by 2030–31.
This Paradip plan fits neatly into the Odisha government’s larger maritime infrastructure strategy, which aims to attract over ₹18,000 crore in port-related investments. With connectivity, raw material proximity, and port access, Paradip is poised to become a steel and logistics hub. JSW’s pivot not only mitigates risk from the stalled BPSL deal but also secures a future-ready industrial base in eastern India.
