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JSW Steel of India plans to build a new blast furnace at its Dolva steel facility in Maharashtra with a production capacity of 4.5 million tonnes per annum (MTPA) by 2026, as reported by S&P Global with reference to technology provider SMS Group.
The blast furnace is set to be completed in March 2026. The steelmaker's steel production capacity is now 10 MTPA, with both a blast furnace and an electric arc furnace in operation. Production will grow by 45% with the new unit. According to SMS Group, the companies' collaboration will include developing a cutting-edge blast furnace with modern technologies and green features to help lower the company's carbon footprint and increase environmental sustainability.
JSW Steel’s annual steel production in India is about 27.7 MTPA. By 2026, the company plans to increase it to 37 MTPA. In addition to JSW, several other Indian steelmakers are also working on expanding their production capacity to meet the potential growth in demand from India and other countries in the coming years. Domestic demand for steel products is likely to be driven by mega-infrastructure projects.
The federal government of India plans to achieve the target of increasing the country’s annual steel production capacity to 300 million tonnes (MT) by 2030 as part of the National Steel Policy 2017 plan. As of last year, this figure was about 160 MT.
In February 2024, JSW Steel announced the start of construction of a new steel plant in Paradip, Odisha, with an annual capacity of 13.2 MT of steel. The steel complex will include its own power plant, berths with forklifts and a cement shop. Investments in the integrated steel plant are estimated at around ₹650 billion ($7.8 billion).
JSW Steel will enter a joint venture with Japan’s JFE Steel Corporation. The companies will invest ₹55 billion (about $663 million) to set up the plant in Karnataka. Production will likely start in FY 2026-27 to expand capacity to meet the growing demand for grain steel in India.
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