JSW Steel, India’s largest steelmaker by capacity, plans to deploy up to ₹24,000 crore in capital expenditure during the current financial year, a nearly 50 per cent increase, as accelerating government spending on highways, ports, airports, and logistics networks continues to strengthen domestic steel demand.
The company targets expanding steelmaking capacity from 31.9 MTPA to 48.8 million tonnes per annum by 2030. The board has separately approved a 5 MTPA brownfield expansion at one of its steel subsidiaries, entailing an additional outlay of ₹26,000 crore, scheduled for commissioning by FY30.
Despite a strong earnings and expansion outlook, JSW Steel flagged the Middle East conflict as a material near-term risk, cautioning that prolonged supply chain disruption and consequent inflationary pressure could weigh on sectoral growth momentum.
