JSW Steel and JFE to invest Rs 5,845 crore in expanding electrical steel capacity in India
JSW Steel Limited, in collaboration with its long-term Japanese partner JFE Steel Corporation, has announced a major investment to boost manufacturing capacity for grain-oriented electrical steel (GOES) in India. Through their joint ventures—JSW JFE Electrical Steel Private Limited (Vijayanagar, Karnataka) and JSW JFE Electrical Steel Nashik Private Limited (Maharashtra)—the two companies will invest approximately ₹5,845 crore in expanding production.
This strategic move aims to support India's growing demand for high-efficiency electrical steel used in critical sectors such as renewable energy, electric vehicles (EVs), AI data centers, and the broader energy transition for decarbonization. Key Expansion Details: Vijayanagar Plant (Karnataka) : Planned capacity raised from 62,000 TPA to 100,000 TPA. The upgraded facility is set for commissioning by FY2028.
Nashik Plant (Maharashtra) : Capacity to increase five-fold, reaching 250,000 TPA, with phased commissioning also expected from FY2028.
Strategic Positioning: The expansion strengthens JSW JFE's leadership in India's integrated GOES production landscape.
With this new investment, the total capital outlay across both facilities now stands at ₹15,560 crore, including previous commitments and acquisitions. The project aligns with India's 'Make in India' and 'Atmanirbhar Bharat' initiatives, reinforcing JSW Steel's commitment to developing self-reliant, high-tech steel infrastructure domestically.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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