(FE)
JSW Steel is looking to increase the domestic capacity to 45 million tonne by 2030, with a global capacity footprint of 10 million tonne over the same time period. Addressing shareholders at the company’s 25th annual general meeting on Thursday, Sajjan Jindal, chairman and managing director, said the company is in the midst of a large organic growth programme to expand capacity from 18 to 24 MPTA (million tonne per annum) by 2020-2021.
With the Vijayangar capacity upgradation project, JSW Steel will increase capacity from 12 MTPA to 13 MTPA. The expansion project in Dolvi, which is currently underway, will increase the capacity from 5 MPTA to 10 MPTA. These will result in an increase of JSW Steel’s overall steel making capacity from 18 MTPA to 24 MTPA. The company has also expanded its domestic retail presence with over 9,500 direct and indirect outlets.
