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Informist, Friday, Jul. 3, 2026

--JSW Steel arm to invest INR 163.50 bln to set up 2 MTPA steel plant 

--JSW Steel arm to set up steel plant in 2 phases of investment 

NEW DELHI – JSW Steel Ltd. Friday said it has commenced development activities for its integrated steel project in the Rayalaseema region of Andhra Pradesh, with a total planned investment of up to INR 163.50 billion, to set up a 2-million-tonne-per-annum steel plant.
  

The project, to be implemented through the wholly owned subsidiary JSW Rayalaseema Steel Ltd., will be developed in two phases. The first phase involves setting up a 1-million-tonne-per-annum integrated steel plant at an investment of INR 45 billion, while the second phase will double capacity to 2 million tonnes at an additional investment of up to INR 118.50 billion.  

 

For the March quarter, JSW Steel reported a consolidated net profit of INR 163.70 billion on revenues of INR 511.8 billion. Friday, its shares ended at INR 1,230.20 on the National Stock Exchange, up 0.5% from the previous close.   End

 

Reported by Gunjan Rajput 

Edited by Saji George Titus

 

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