Construction Industry News
JSW Steel, which is run by Sajjan Jindal, plans to reach a capacity of 50 million tons (MT) by 2030 to keep up with the country's growth.
Jindal stated that the current capacity of JSW Steel is 27 MT, which could increase to 50 MT by 2030 through greenfield and brownfield options, during a session sponsored by the Indian Chamber of Commerce (ICC) in Kolkata.
The country's goal of doubling its crude steel capacity to 300 tons in the next 9-10 years is in line with Jindal's growth plans. He also thinks that the Indian economy can grow by a factor of three in ten years.
By FY25, JSW Steel plans to increase capacity by approximately 10 mt. JSW may consider acquisitions to achieve its growth targets.
Jindal claimed that given that no additional steel assets were expected to be auctioned in accordance with the Insolvency and Bankruptcy Act, there will be opportunities for public sector divestments.
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