JSW to topple SAIL as the largest domestic steel maker

After the new capacity addition, JSW will be able to produce 14.3 million tonne per annum (MTPA) steel, 0.7 million tonne more than the Steel Authority of India (SAIL).

JSW's steel-producing portfolio includes 3.1 mtpa capacity of Ispat Industries also, which was acquired by the Sajjan Jindal-led firm in last December. Its Vijayanagar and Salem units are currently producing about 7.8 mtpa.The company is also hoping to secure funding for its proposed 10 mtpa steel plant in West Bengal by the end of this fiscal.

According to the latest steel ministry data, India's steel consumption grew by 1.8% in April this year to 5.03 million tonne on increased demand from infrastructure and automotive sectors.

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