CORPORATE
JSW JFE Electrical Steel lines up Rs 5,845-crore production expansion plan
- IBJ Bureau
- Aug 05, 2025
A joint venture between JSW Steel and Japan’s JFE Steel will invest Rs 5,845 crore to expand production capacity of cold-rolled, grain-oriented electrical steel across two Indian plants to meet growing domestic demand, JSW Steel has said in an exchange filing.
JSW and JFE will equally fund a combined Rs 1,966 crore for the expansion through equity, JSW Steel. The added capacity will be commissioned in phases from FY28, JSW Steel has added, without specifying the source of the rest of the funds.
Cold-rolled, grain-oriented electrical steel is mainly used in energy applications and is considered to be more energy-efficient and reduces carbon emissions.
JSW JFE Electrical Steel will raise production at its Nashik plant to 250,000 tonnes per annum (TPA) from the current 50,000 tpa, for which the two companies plan to invest Rs 4,300 crore.
The companies will invest the remaining Rs 1,545 crore to augment capacity of an upcoming facility in Vijayanagar to 100,000 tpa from an originally-planned 62,000 tpa, JSW Steel has added.
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