JSW Steel, India’s largest steelmaker by capacity, has earmarked capital expenditure of up to ₹24,000 crore for the current financial year, a nearly 50 per cent increase over prior spending levels, as the country’s accelerating infrastructure push continues to drive steel demand. The company targets expanding steelmaking capacity from the current 31.9 million tonnes per annum to 48.8 MTPA by 2030.
The board has separately approved a 5 MTPA brownfield expansion at one of its steel subsidiaries, involving an additional capital outlay of ₹26,000 crore, scheduled for commissioning by FY30. The twin investment commitments position JSW Steel at the centre of India’s infrastructure build-out across highways, ports, airports, and logistics networks.
The company, however, flagged the ongoing Middle East conflict as a material risk, cautioning that prolonged supply chain disruption and consequent inflationary pressures could weigh on growth momentum across the sector.
