JSW Steel , one of India's leading integrated steel producers, has announced a significant increase in its consolidated crude steel production for July. The company reported a production volume of 26.23 lakh tonnes, marking a robust 19% year-over-year growth compared to 22.15 lakh tonnes in July of the previous year.

Production Breakdown

The company's production data reveals impressive performance across its operations:

JSW Steel's Indian operations were the primary driver of this growth, contributing 25.52 lakh tonnes to the total production. This represents a substantial 19% increase from the 21.40 lakh tonnes produced in July of the previous year. The company's domestic facilities operated at a capacity utilization of 92.5% during the month.

International Operations

JSW Steel USA-Ohio, the company's international arm, produced 0.72 lakh tonnes in July. This figure shows a slight decline from the 0.75 lakh tonnes produced in the same month of the previous year.

Industry Position and Future Outlook

As the flagship business of the diversified US$ 23 billion JSW Group, JSW Steel has solidified its position as a leading player in the Indian steel industry. The company's current consolidated crude steel capacity stands at 35.7 MTPA, including 1.5 MTPA in the US.

JSW Steel has outlined growth plans, aiming to increase its consolidated capacity to 43.4 MTPA over the next three years. This expansion strategy underscores the company's commitment to strengthening its market position and meeting the growing demand for steel products.

Sustainability Initiatives

In line with global sustainability trends, JSW Steel has set forth environmental goals. The company aims to reduce its CO2 emissions by 42% from its steel-making operations by 2030 and achieve carbon neutrality for all operations under its direct control by 2050. Additionally, JSW Steel has committed to powering its steel-making operations entirely by renewable energy by 2030, showcasing its dedication to sustainable practices in the steel industry.

Bhushan Power Resolution Delays

In a separate development, banks are urging JSW Steel to pay interest due to delays in the Bhushan Power resolution plan. The request comes as the resolution process faces extended timelines. This situation adds a new dimension to JSW Steel's ongoing operations and financial commitments, potentially impacting its overall financial strategy.

The robust production figures for July reflect JSW Steel's operational efficiency and its ability to capitalize on market demand. As the company continues to expand its capacity and focus on sustainable practices, it remains well-positioned to maintain its growth trajectory in the competitive steel market. However, the ongoing Bhushan Power resolution and associated financial implications will be an area to watch in the coming months.

JSW Steel Limited and JFE Steel Corporation have announced a significant expansion of their grain-oriented electrical steel (GOES) production capacity in India. The joint venture partners plan to increase their annual output to 350,000 tons, marking a substantial boost in manufacturing capabilities for this specialized steel product used primarily in electrical transformers and motors.

Expansion Details

The expansion plan involves two key facilities:

1. Vijayanagar Plant, Karnataka:

   • Capacity to be increased to 100,000 tons per annum
   • Previously planned for 62,000 tons per annum
   • Scheduled for commissioning by FY2028

2. Nashik Plant, Maharashtra:

   • Production capacity to expand five-fold to 250,000 tons per annum
   • Phased commissioning from FY2028

Investment and Strategic Implications

• The joint venture partners will invest approximately ₹5,845.00 crore towards this expansion.
• Total investment, including previously announced investments and the Nashik facility acquisition, amounts to ₹15,560.00 crore.
• JSW Steel will contribute up to ₹983.00 crore in equity funding for the project expansion.

Market Impact and Strategic Goals

Jayant Acharya, Joint Managing Director & CEO of JSW Steel, emphasized the strategic importance of this investment: "India's green energy transformation, decarbonization and digital infrastructure development are triggering large demand for high-grade electrical steel. Our GOES investment is a critical step in enabling import substitution, supporting India's energy transition goals, and delivering high-efficiency electrical steel solutions to the domestic and global markets."

The expansion aligns with several key objectives:

• Strengthening JSW JFE's position as India's leading integrated GOES producer
• Supporting national initiatives such as 'Make in India' and 'Atmanirbhar Bharat'
• Addressing the growing domestic demand for high-efficiency electrical steel
• Catering to sectors such as renewable energy, energy transition for decarbonization, e-mobility, and AI data centers

Company Profiles

JSW Steel Limited

• Flagship business of the US$ 23 billion JSW Group
• India's leading integrated steel manufacturer
• Consolidated capacity of 35.7 MTPA, with plans to expand to 43.4 MTPA in the next three years
• Recognized globally for sustainability and quality
• Committed to net-zero carbon emissions across operations by 2050

JFE Steel Corporation

• One of the world's leading integrated steel producers
• Established through the consolidation of NKK Corporation and Kawasaki Steel Corporation in 2003
• Reported consolidated sales of 3,365 billion yen and crude steel output of 23.20 million tons in the fiscal year ended March 2025

This expansion reinforces the strategic partnership between JSW Steel and JFE Steel, positioning them to meet the surging demand for high-grade electrical steel in India and global markets while contributing to India's self-reliance in the specialty steel sector.