A New Charge: JSW and JFE Electrify India's Steel Sector

JSW Steel and Japan’s JFE Steel will jointly invest ₹5,845 crore to expand production of cold rolled grain-oriented (CRGO) electrical steel across two facilities in India, aiming to meet growing domestic demand for high-grade electrical steel.

Both companies will contribute ₹1,966 crore each in equity, with the enhanced capacities expected to come online in phases starting FY28.

At the Nashik plant, operated under JSW–JFE Electrical Steel, capacity will be increased from 50,000 TPA to 2.5 lakh TPA through a ₹4,300 crore investment. Additionally, ₹1,545 crore will be allocated to scale up the under-construction Vijayanagar facility from its planned 62,000 TPA to 1 lakh TPA.

The Nashik facility, acquired by JSW and JFE from Germany’s Thyssenkrupp in January for ₹4,159 crore, will play a key role in this expansion.

JSW Steel stated that the investment will enhance India’s self-reliance in CRGO steel, a critical material used in transformers and power equipment due to its high energy efficiency and ability to reduce carbon emissions. The move aligns with national goals to support energy infrastructure development and scale up renewable energy capacity.

News by Rahul Yelligetti.