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JSW Steel has reaffirmed its commitment to expanding its steel production capacity to 50 million tonnes by FY31, stating that the recent Supreme Court ruling on Bhushan Power & Steel Ltd (BPSL) will not impact its growth plans.
In a post-earnings briefing, Joint MD & CEO Jayant Acharya clarified that BPSL was not factored into the company's core brownfield expansion strategy. While the Supreme Court cancelled the 2019 acquisition of BPSL under the insolvency resolution process, JSW Steel has filed a review petition, confident of a favourable outcome.
The company emphasized that its broader expansion roadmap—which includes brownfield projects and a new greenfield plant in Odisha—remains intact. A smaller 0.5 million tonne capacity expansion tied to BPSL is currently on hold pending legal clarity.
The company has filed a review petition in the Supreme Court after the court annulled its 2019 acquisition of Bhushan Power & Steel, expressing confidence in a positive resolution.
JSW Steel plans to spend ₹20,000 crore in capital expenditure for FY26, supported by strong internal cash flows and a ₹19,000 crore liquidity cushion. As of FY25, BPSL’s facility had already produced 3.38 million tonnes of crude steel, with plans to scale up to 5 million tonnes focused on value-added products.
Despite legal uncertainties, JSW Steel remains on course to achieve its long-term production targets.
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