Foundation stone laid for 5 MTPA Project at JSW Steel Vijayanagar Works in Karnataka

Biznextindia : Union Steel Minister Ram Chandra Prasad Singh on Friday laid the foundation stone for the new 5 MTPA project at JSW Steel Vijayanagar Works integrated steel facility in Ballari, Karnataka. This brown-field expansion project is being undertaken through JSW Vijayanagar Metallics Ltd, a wholly owned subsidiary of JSW Steel Ltd (the flagship business of US$ 13 billion JSW Group). The Company has earmarked a capex investment of Rs 15,000 crore for this expansion and is expected to be completed by FY24.

The Foundation Stone laying ceremony was conducted in the presence of JSW Steel Chairman Sajjan Jindal along with other government and company officials. The Environmental Clearance (EC) for the project has already been received from the Ministry of Environment, Forests & Climate Change, Government of India and preliminary clearance from the ‘Single Window High-Level Clearance Committee’ (SHLCC), Government of Karnataka has also been secured. As part of the 18 MTPA Roadmap for its Vijayanagar Works Steel Facility, JSW Steel aims to achieve an additional 1 MTPA expansion through upgradation of the current facility to achieve 13 MTPA capacity within the next 12 months.

JSW Steel’s manufacturing unit in Vijayanagar, Karnataka is the largest single-location integrated steel-making facility in India with a current capacity of 12 MTPA. The new brownfield expansion will be spread across 600 acres and includes establishing 4.5 MTPA Blast Furnace, two Steel Melt Shops 350 tons each and 5 MTPA Hot Strip Mill along with other allied and auxiliary facilities. JSW Steel, as part of its next phase of growth, is targeting an overall capacity of 37.5 MTPA in India & USA by FY25. The brownfield expansion at JSW Steel Vijayanagar Works is part of this broader target.

“This expansion reiterates our commitment to be a significant partner in building a stronger India through sustainable means. The new 5 MTPA project at Vijayanagar is aligned to our Sustainability goals and focus on circular economy by optimizing our water, waste, carbon and energy footprint. We will efficiently execute this brownfield expansion by leveraging our strong project capabilities and track record. Through the new investments planned here, we will create new job opportunities as well as generate immense value for all our stakeholders. Through the introduction of Artificial Intelligence and other Industry 4.0 interventions at this facility, it will become an integral part of our network of digitally connected smart steel factories in India” Sajjan Jindal, Chairman of JSW Steel said.