JSW Steel to double capacity of Vjaynagar plant
JSW Steel is planning an ambitious target of making its Vijaynagar plant the largest in the world, having made it the largest plant in India, with the aim being to double the plant capacity to 20mtpa by 2022. The company is investing Rs 2,000 crore in a 500-km slurry pipeline linking Jaigarh port, located between Mumbai and Goa, to the plant. Recently, the group deferred its move of buying steel units in Italy.
The expansion of Vijaynagar plant is due to take place in phases. It hope to achieve 20mt capacity by 2022. The group also plans to expand capacity at JSW Ispat’s Dolvi unit to 15mt.
JSW’s expansion plans come in the backdrop of a severe crisis affecting the Vijaynagar plant in the aftermath of the Supreme Court’s ban on iron ore mining in Karnataka in 2011. The capacity of 20mt will make JSW Steel require some 35mt of iron ore every year for Vijaynagar.