JSW Steel and JFE Steel Announce Major Expansion in India’s Electrical Steel Capacity

JSW Steel Limited and Japan's JFE Steel Corporation are set to triple India's grain-oriented electrical steel (GOES) production capacity with a ₹5,845 crore investment. The joint venture aims to achieve an annual output of 350,000 tonnes by FY2028, positioning India as a key player in high-efficiency electrical steel manufacturing.

The expansion focuses on two facilities: the Vijayanagar plant in Karnataka will scale up to 100,000 tonnes annually, while the Nashik facility in Maharashtra will see a five-fold increase to 250,000 tonnes. Both projects are slated for completion by FY2028, creating India's largest integrated GOES production base.

This strategic MOVE addresses surging domestic demand driven by renewable energy projects, electric mobility, and AI data center growth. Jayant Acharya, JSW Steel's Joint Managing Director & CEO, emphasized the dual benefit of import substitution and support for India's energy transition objectives.

The total investment across both facilities now stands at ₹15,560 crore, reflecting the partners' long-term commitment to India's industrial growth. JSW Steel, part of the $23 billion JSW Group, currently operates India's leading integrated steel manufacturing with 35.7 million tonnes per annum capacity.