JSW Steel to See Expansion-Aided Volume Growth

The company’s flat steel production was up 4% year-on-year while long products saw a strong 13% growth. These numbers exclude trial production from Phase II expansion of Dolvi works for part of the month of November’21. Including the same, the growth would have been much stronger. It is the expansions that are likely to drive growth for the company as we move forward. The integrated operations of the Dolvi 5 million tonnes per annum (mtpa) brownfield expansion had already commenced. The same has taken the company's capacity to 23 mtpa. The JSW Group capacities in India & USA (including capacities under joint control) have grown to 28 MTPA. Meanwhile, the ongoing expansions will aid growth for the company further. The company’s 5 mtpa brownfield expansion at Vijayanagar is progressing well, with civil works underway at the site. The Downstream expansion projects at Vijayanagar, Vasind and Tarapur are in advanced stages of implementation. Overall, the same will add 7.5mtpa to the company's capacities by FY24.