JSW Steel Limited — Updates, 04-08-2025: Press Release

JSW Steel and JFE Steel will jointly invest ₹5,845 Cr to significantly expand Grain-Oriented Electrical Steel (GOES) capacity to 350,000 tons per annum. The Vijayanagar plant will increase to 100,000 tons, and Nashik to 250,000 tons, with commissioning from FY2028. This move aims to establish India's largest integrated GOES production base, supporting surging domestic demand from renewable energy, E-Mobility, and AI data centers. This strategic expansion facilitates import substitution and aligns with India's energy transition goals. Overall investments in GOES will total ₹15,560 Cr.