JSW Steel has approved fresh capital expenditure exceeding 33,000 INR-Crore during the first quarter of FY27. The investment forms part of the company’s long-term expansion strategy. With this approval, JSW Steel’s total investment pipeline has reached 1.31 Lakh INR-Crore. The company stated that it will deploy the capital systematically over the next four to five years.
A significant share of the investment will support the Phase-2 expansion of the Vijayanagar plant in Karnataka. The project involves expanding the plant’s capacity from 15 MTPA to 26 MTPA. JSW Steel expects to commission the expansion by FY30. Additionally, the company has allocated an estimated 2,000 INR-Crore for downstream infrastructure to optimize production capabilities across multiple plant locations. The domestic steel major also plans brownfield expansion of its Dolvi Phase-III project. The project will increase the facility’s annual capacity from 10 MTPA to 15 MTPA by September 2027.
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The JSW Steel Vijayanagar expansion will strengthen the company’s steel manufacturing capacity and downstream infrastructure. Furthermore, the planned brownfield expansions are expected to support future production growth. Since April 1, 2026, the company has incurred a cumulative capital expenditure of 3,052 crore. For FY27, JSW Steel expects actual capital expenditure to range between 22,000 INR-Crore and 24,000 INR-Crore.
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