2025-10-20 JSW Steel posts four-fold quarterly profit rise on strong sales

Oct. 18, 2025 - JSW Steel reported a nearly four-fold rise in second-quarter profit on Friday, as a surge in sales volumes overpowered the impact of lower prices.   The Mumbai-based company's consolidated net profit stood at 16.23 billion rupees (about $185 million) for the quarter ended Septe...

2025-08-18 JSW Steel & POSCO Group sign Heads of Agreement to explore 6 MTPA integrated steel plant in India

Aug. 18, 2025 - According to a press release dated August 18, JSW Steel and South Korea’s POSCO Group signed a non-binding Heads of Agreement (HoA) to jointly explore setting up a 6 million tonnes per annum (MTPA) integrated steel plant in India. The HoA was signed in Mumbai in the presence of Lee Ju-tae, Repr...

2025-08-04 JSW and JFE intend to invest ₹5,845 Crore to boost the production of electrical steel

Aug. 4, 2025 - JSW Steel Limited, in strategic collaboration with its Japanese partner JFE Steel Corporation, announced a significant expansion of manufacturing capacity for grain-oriented electrical steel (GOES) through their joint ventures - JSW JFE Electrical Steel Private Limited at Vijayanagar, Karnataka, and J...

2025-07-23 JSW Steel to invest Rs 20,000-cr, focus on Dolvi plant expansion

Jul. 23, 2025 - JSW Steel will invest Rs 20,000 crore in capital expenditure during FY26, with a major share allocated to expanding its Dolvi plant in Maharashtra. The company plans to increase the plant’s capacity from 10 million tonne to 15 million tonne by September 2027. "Our focus remains on growth projec...

2025-06-14 JSW Steel to allocate $2 billion for decarbonization

Jun. 14, 2025 - JSW Steel, one of India’s leading steel producers, has announced an investment of approximately $2 billion in a decarbonization program. The goal is to reduce CO2 emissions by 42% by 2030 compared to 2005 levels. The key areas for achieving this goal are the use of renewable energy, inc...

2025-02-05 JSW Steel’s Dolvi expansion: strengthening market position with capacity & technology upgrades

Feb. 5, 2025 - JSW Steel, one of India’s leading steelmakers, has announced a major expansion project at its Dolvi plant, reinforcing its commitment to capacity enhancement and technological advancement. The company has ordered a 350-ton BOF (Basic Oxygen Furnace) converter, a twin ladle furnace, a gas cleaning...

2024-11-01 JSW & POSCO sign MOU to develop an Integrated Steel Plant

Nov. 1, 2024 - JSW Group (JSW), one of India’s fastest-growing conglomerates, has signed a Memorandum of Understanding (MoU) with Korea’s POSCO Group (POSCO), outlining a framework for collaboration in steel, battery materials, and renewable energy sectors in India.  India is one of the fastest...

2024-10-10 JSW Steel's crude steel production rises 7% YoY in Q2 FY25

Oct. 10, 2024 - JSW Steel informed that its consolidated crude steel production for the Q2 FY25 was at 6.77 million tonnes, which is higher by 7% as compared with 6.34 million tonnes reported in Q2 FY24. Sequentially, the production volume grew by 7%. The steel maker had recorded production volume of 6.35 milli...

2024-01-15 JSW Steel to build new integrated steelmaking plant in Odisha

Jan. 15, 2024 - JSW Steel, a major blast furnace manufacturer in India, announced that it plans to set up a new greenfield integrated steelmaking plant with an annual production capacity of 13.2 million tons of crude steel in Jagadsinghpur, Odisha. 2,950.31 acres of land are needed for the plant. JSW Steel has ob...

2023-02-15 Construction work begins on JSW steel plant in Andhra Pradesh

Feb. 15, 2023 - JSW Group has begun construction work on the ₹8,800-crore (USD1,065 million) steel plant at Sunnapurallapalli village in YSR Kadapa district. The first of the project is expected to be ready for commercial production in 24-30 months. The State government has allotted 3,500 acres for the...

2022-10-12 JSW Cement to build 5Mt/yr in new cement capacity in Madhya Pradesh and Uttar Pradesh

Oct. 12, 2022 - JSW Cement has announced a planned US$389m investment in the construction of a new integrated cement plant in Madhya Pradesh and a grinding plant in Uttar Pradesh. Together, the plants will have a cement capacity of 5Mt/yr. Local media has reported that JSW Cement's acquisition of Spring...

2022-07-21 India’s JSW Steel to ramp up domestic capacity to 37 million mt by 2025

Jul. 21, 2022 - India’s JSW Steel Limited will expand its domestic steel making capacity to 37 million mt per year by the end of 2025, from 27 million mt per year at present, company chairman Sajjan Jindal told shareholders on Thursday, July 21. “By 2025, we expect our consolidated India steelmaking c...

2022-06-23 India’s JISPL brings forward annual maintenance shutdown

Jun. 23, 2022 - India’s JSW Steel Limited’s subsidiary, Jindal Ispat Special Products Limited (JISPL), has brought forward its annual maintenance shutdown, a company regulatory filing said on Thursday, June 23. The filing said that the blast furnace, sintering plant and steel melting shop (SMS) at JIS...

2022-05-31 JSW Steel to maintain shipments to Europe without passing on cost of India's new export tax

May 30, 2022 - India's largest steel producer, JSW Steel Ltd (JSTL.NS), will continue to supply products to its buyers in Europe without passing on any increase in costs despite New Delhi's decision to impose an export tax, a senior company official said on Monday. India recently imposed an export tax of 15% on...

2022-05-13 India's JSW Group to make $7 billion bid for Holcim's India units

May 10, 2022 - India's JSW Group plans to compete aggressively with Adani Group for assets of Holcim AG's local cement businesses, two sources said on Tuesday, setting the stage for a bidding battle to become the country's second-biggest player in the industry. The steel-to-cement JSW Group's chief Sajjan...

2022-05-10 India's JSW crude steel production hits all-time high in April

May 10, 2022 - According to statistics, Indian steel manufacturer JSW Steel's crude steel production totaled 1.667 million tons in April this year, up by 22% compared to the same month a year ago, hitting an all-time high. Meanwhile, JSW Steel's flat-rolled products' output was 1.2 million tons, a year-on-year hi...

2022-05-10 JSW Steel crude steel output rises 22% in April

May 10, 2022 - JSW Steel on Tuesday said its crude steel production increased 22 per cent to 16.67 lakh tonne in April 2022. Crude steel production in April 2021 stood at 13.71 lakh tonne, JSW Steel said in a statement. "JSW Steel reported crude steel production for the month of Apri...

2022-04-18 JSW set to get POSCO land

Apr. 16, 2022 - Odisha is confident of handing over a 2,950 acre land to Sajjan Jindal’s JSW Steel this fiscal, promising to score a major turnaround in the annals of land acquisition in India. The land parcel near the Paradip port was once earmarked for the Korean giant Posco’s mega steel plant. Th...

2022-04-11 JSW Steel sees 17% rise in crude steel output in 2021-22

Apr. 11, 2022 - India’s JSW Steel Limited achieved crude steel production of 17.62 million mt in the fiscal year 2021-22, up 17 percent year on year, the company reported in a statement on Monday, April 11. JSW Steel as a group achieved crude steel production of 20.92 million mt in the fiscal year 2021...

2022-03-12 JSW Steel output jumps 21% to 1.58 MT in February

Mar. 8, 2022 - JSW Steel registered a 21 per cent year-on-year (y-o-y) jump in its crude steel production to 1.58 million tonnes (MT) for February. JSW Group company said its output had stood at 1.31 MT in February 2021. JSW Steel’s production of flat-rolled products rose 25 per cent to 1.15 MT in Feb...