JSW Steel Earmarks ₹20,000 Crore for Dolvi Plant Expansion.

JSW Steel is set to direct the majority of its planned ₹20,000 crore capital expenditure for the current financial year towards a significant expansion of its Dolvi plant in Maharashtra. This was confirmed by CEO Jayant Acharya, as reported by The Economic Times.

The steel major is boosting the Dolvi plant's capacity from 10 million tonnes to 15 million tonnes as part of its third phase of expansion. This ambitious project is anticipated to be completed by September 2027.

The remaining portion of the ₹20,000 crore investment will be allocated to ongoing projects at Bhushan Power, Jindal Vijayanagar Metallics (JVML), and various downstream operations. This year's planned capital outlay represents a more than 19% increase compared to the ₹16,752 crore spent in the 2024-25 fiscal year.

Acharya indicated that most of this substantial investment would be funded through internal accruals. He also noted that JSW Steel would continue its efforts in refinancing to further reduce its cost of capital. "The company’s weighted average cost of capital reduced on a sequential basis in the June quarter," Acharya told The Economic Times, highlighting the company's financial optimization strategies.