JSW Steel Plans Expansion to 80 MT Capacity by 2030, Says Joint MD & CEO.

JSW Steel reported a sharp rise in March-quarter profits, aided by higher steel prices and the benefit of low-cost inventory, even as global uncertainties continue to cloud the near-term outlook.

The company remains optimistic about its long-term growth prospects, backed by strategic joint ventures with two of the world’s largest steelmakers — JFE Steel and POSCO.

However, concerns over the ongoing conflict in West Asia could weigh on demand and trade flows in the short term, creating uncertainty for the steel sector.

Speaking to businessline, Jayant Acharya said the company remains focused on expansion and future growth opportunities despite geopolitical challenges.