JSW Steel Limited — Important, 04-08-2025: Disclosure of material issue

JSW Steel is making a significant move in specialized steel! 🚀 Its 50:50 Joint Venture, JSW JFE Electrical Steel Private Limited (J2ES), is ramping up its Cold Rolled Grain-Oriented (CRGO) electrical steel capacity to meet surging domestic demand and drive import substitution.

**The Issue & Company's Response:**

The company sees increasing domestic demand for CRGO. To address this, its Board has approved a major capacity expansion.

**Expansion Plan:**

* **Nashik Facility:** Capacity to expand from 50,000 TPA to 250,000 TPA. Estimated cost: Rs 4,300 crore.

* **Vijayanagar Facility:** Existing planned capacity of 62,000 TPA to be enhanced to 100,000 TPA with an additional investment of Rs 1,545 crore.

* **Total Additional Capital Expenditure:** Rs 5,845 crore.

* **JSW Steel's Funding:** The company will infuse up to Rs 983 crore as equity in the Joint Venture, representing its 50% share of the required equity funding.

**Possible Impact:**

* **Increased Capacity:** Post-expansion, overall CRGO capacity will reach 350,000 tons per annum, expected to be commissioned in phases from FY 2028.

* **Strategic Growth:** This move aligns with JSW Steel's strategy to enrich its product mix and enhance market presence through import substitution, tapping into a high-demand, value-added segment. #JSWSteel #SteelSector