Union Steel Minister Ram Chandra Prasad Singh laid the foundation stone for the new five million tpa project at JSW Steel Vijayanagar Works integrated steel facility in Ballari, Karnataka.
This brownfield expansion project is being undertaken through JSW Vijayanagar Metallics, a wholly-owned subsidiary of JSW Steel (the flagship business of USD 13 billion JSW Group).
The company has earmarked a capex investment of Rs 15,000 crore for this expansion and is expected to be completed by FY24.
The foundation stone laying ceremony was conducted in the presence of JSW Steel Chairman Sajjan Jindal along with other government and company officials.
The Environmental Clearance (EC) for the project has already been received from the Ministry of Environment, Forests & Climate Change, government of India and preliminary clearance from the Single Window High-Level Clearance Committee (SHLCC), government of Karnataka, has also been secured.
As part of the 18 million tpa roadmap for its Vijayanagar Works Steel Facility, JSW Steel aims to achieve an additional one million tpa expansion through upgradation of the current facility to achieve 13 million tpa capacity within the next 12 months.
JSW Steel’s manufacturing unit in Vijayanagar, Karnataka, is the largest single-location integrated steel-making facility in India with a current capacity of 12 million tpa.
The new brownfield expansion will be spread across 600 acres and includes establishing 4.5 million tpa blast furnace, two steel melt shops 350 tonne each and five million tpa hot strip mill along with other allied and auxiliary facilities.
JSW Steel, as part of its next phase of growth, is targeting an overall capacity of 37.5 million tpa in India and US by FY25. The brownfield expansion at JSW Steel Vijayanagar Works is part of this broader target.
