JSW Group's Steel Business Announces Major Expansion of Grain-Oriented Electrical Steel Capacity to 350,000 Tons Annually
DSIJ Intelligence-2 / 04 Aug 2025/ Categories: Mindshare, Trending
On a YTD basis, the stock is up by 15.55 per cent while in the last 12 months it is up by 13.20 per cent. The stock has delivered returns of about 371 per cent in five years.
On Monday share price of JSW Steel Limited jumped nearly 2 per cent to an intraday high of Rs 1,048 per share. As of 12:05 am IST, the stock price was trading at Rs 1,042 per share, up by 1.38 per cent.
JSW Steel Limited, in a strategic collaboration with its Japanese partner JFE Steel Corporation, officially announced on August 4, 2025, a significant expansion of their manufacturing capacity for grain-oriented electrical steel (GOES) in India. This initiative aims to establish India’s largest integrated GOES Electrical Steel Production Base.
The two partners are set to jointly invest approximately Rs 5,845 crore towards this substantial expansion. When combined with previously announced investments at the Vijayanagar facility and the acquisition of the Nashik facility, the overall investments in this sector will reach Rs 15,560 crores.
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The expansion plans are ambitious: the Vijayanagar Plant in Karnataka will see its capacity increased to 100,000 tons per annum from its earlier planned 62,000 tons per annum, with commissioning scheduled by FY2028. Concurrently, the Nashik Plant in Maharashtra is slated for a five-fold production capacity expansion to 250,000 tons per annum, with phased commissioning also commencing from FY2028. This strategic outcome is expected to strengthen JSW JFE’s position as India’s leading integrated GOES producer.
This significant investment reinforces JSW Steel’s commitment to fostering self-reliance within India's speciality steel sector, aligning with national programs such as "Make in India" and "Atmanirbhar Bharat". The expansion is specifically designed to address the rapidly surging domestic demand for high-efficiency electrical steel, particularly in sectors like renewable energy, energy transition for decarbonization, E-Mobility, and AI data centers.
Mr. Jayant Acharya, Joint Managing Director & CEO, JSW Steel, emphasised that India's green energy transformation, decarbonisation efforts, and digital infrastructure development are driving a large demand for high-grade electrical steel. He stated that this GOES investment is a crucial step towards enabling import substitution, supporting India’s energy transition objectives, and delivering high-efficiency electrical steel solutions to both domestic and global markets. This collaboration with JFE Steel further reaffirms their commitment to building strategic and future-ready steel capabilities that serve national and global priorities.
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About the Company
JSW Steel, part of the diversified JSW Group, is engaged in manufacturing and selling a wide range of iron and steel products. The company operates integrated steel plants in Vijayanagar (Karnataka), Dolvi (Maharashtra), and Salem (Tamil Nadu), with additional operations in Anjar, Gujarat.
In FY25, the company achieved its highest-ever crude steel production at 27.791 million tonnes, with saleable steel sales of 26.452 million tonnes. Revenue from operations stood at Rs 1,68,824 crore, supported by an operating EBITDA of Rs 22,904 crore and a net profit after tax of Rs 3,491 crore. In Q1 FY26, JSW Steel reported a consolidated net profit of Rs 2,184 crore, marking a 158 per cent year-on-year increase on revenue of Rs 43,147 crore.
On a YTD basis, the stock is up by 15.55 per cent while in the last 12 months it is up by 13.20 per cent. The stock has delivered returns of about 371 per cent in five years.
Disclaimer: The article is for informational purposes only and not investment advice.