JSW Steel to become country's largest steel maker very soon

New Delhi: JSW Steel will become the country's largest steel maker by next month, surpassing SAIL , with the commissioning of 3.2 million tonnes per annum blast furnace at its Vijaynagar plant in Karnataka.

After the new capacity addition, JSW will be able to produce 14.3 million tonnes per annum (MTPA) steel, 0.4 million tonnes more than SAIL.

At present, the company has a steel making capacity of about 7.8 MTPA at its Vijaynagar and Salem units.

It entered into a deal in December to acquire 41.29 per cent stake in loss-making Ispat Industries having a capacity of about 3.3 MTPA.

By 2020, the Sajjan Jindal-led company is aiming to produce 34 million tonnes of steel annually with greenfield integrated steel plants coming up in West Bengal and Jharkhand, while adding further capacities at the Vijaynagar and Salem units.

On the other hand, Steel Authority of India (SAIL) currently has a production capacity of about 13.8 MTPA and is aiming to expand it to over 60 MTPA by 2020.

Recently, JSW had announced plans to set up a new 2.3 MTPA cold rolling mill capacity in two phases at its Vijaynagar plant at an estimated investment of about Rs 4,000 crore.


The company is also in the process of putting up two iron-ore fines beneficiation plants of 10 MTPA capacity, while a 5 MTPA pellets plant will be commissioned this year.