JSW Steel’s forthcoming third phase of capacity expansion at its Dolvi plant is poised to be one of the most economical brownfield expansions for the company.

Jayant Acharya, the chief executive officer of JSW Steel, disclosed that the company will invest slightly over Rs 19,000 crore in this capacity augmentation project, primarily aimed at meeting the rising demand for value-added special steel products.

Acharya emphasised the cost-effectiveness of this endeavour, citing existing infrastructure and equipment from phase two as contributing factors. This investment is set to elevate JSW Steel’s total capital expenditure to over Rs 64,000 crore within three years.

The company announced plans to add another 5 million tonnes of capacity at its Dolvi plant in Maharashtra, bringing the total capacity to 15 million tonnes per annum by September 2027.

Nationally, the company aims to achieve a total production capacity of 42 million tonnes by that time, aligning with the objectives outlined in the National Steel Policy 2017, which envisions the country’s steel production capacity reaching 300 million tonnes by 2030-31.