JSW Steel and JFE Steel to expand Grain-Oriented Electrical Steel Capacity to 350,000 tons per annum in India
Mumbai : 2025 JSW Steel Limited, in strategic collaboration with its Japanese partner JFE Steel Corporation, today announced a significant expansion of manufacturing capacity for grain-oriented electrical steel (GOES) through their joint ventures – JSW JFE Electrical Steel Private Limited at Vijayanagar, Karnataka, and JSW JFE Electrical Steel Nashik Private Limited, Maharashtra. The two partners will jointly invest approximately Rs.5,845 crore towards this expansion. This expansion reinforces JSW Steel’s commitment to building self-reliance in India’s specialty steel sector and supporting national programs such as Make in India and Atmanirbhar Bharat, while also addressing the rapidly growing domestic demand for high-efficiency electrical steel, especially in the renewable energy, energy transition for decarbonization, EMobility, AI data center etc.
As per the plan, the capacity of Vijayanagar Plant in Karnataka to be increased to 100,000 tons per annum from the earlier plan of 62,000 tons per annum. Scheduled for commissioning by FY2028. Nashik Plant (Maharashtra): Production capacity to be expanded five-fold to 250,000 tons per annum for phased commissioning from FY2028.
The expansion will strengthen JSW JFE’s position as India’s leading integrated GOES producer This capital investment along with the previously announced investments at Vijayanagar facility and the acquisition of the Nashik facility would take the overall investments to ₹15,560 crores.
Mr. Jayant Acharya, Joint Managing Director & CEO, JSW Steel, added: “India’s green energy transformation, decarbonization and digital infrastructure development are triggering large demand for high-grade electrical steel. Our GOES investment is a critical step in enabling import substitution, supporting India’s energy transition goals, and delivering high-efficiency electrical steel solutions to the domestic and global markets. This investment with our long-standing partner JFE Steel reaffirms our commitment to building strategic and future-ready steel capabilities that serve both national and global priorities.”