New Delhi/Ballari: Union Steel Minister Ram Chandra Prasad Singh laid the foundation stone for the new 5 MTPA project at JSW Steel Vijayanagar Works integrated steel facility in Ballari, Karnataka on Friday. This brown-field expansion project is being undertaken through JSW Vijayanagar Metallics Ltd, a wholly-owned subsidiary of JSW Steel Ltd. The company has earmarked a CAPEX investment of Rs 15,000 crore for this expansion and is expected to be completed by FY24. The foundation stone laying ceremony was conducted in the presence of JSW Steel Chairman Sajjan Jindal along with other government and company officials.
According to the company, the environmental clearance (EC) for the project has already been received from the Ministry of Environment, Forests & Climate Change and preliminary clearance from the 'Single Window High-Level Clearance Committee' (SHLCC), Government of Karnataka has also been secured. As part of the 18 MTPA Roadmap for its Vijayanagar Works Steel Facility, JSW Steel aims to achieve an additional 1 MTPA expansion through up-gradation of the current facility to achieve 13 MTPA capacity within the next 12 months.
Speaking on the occasion, Minister lauded JSW Steel's contribution to building a stronger India. Dwelling on the growing potential of the steel sector. He conveyed that the expansion projects would also help in augmenting the availability of world-class steel and the progressive plans of the Ministry of Steel.
JSW Steel's manufacturing unit in Vijayanagar, Karnataka is the largest single-location integrated steel-making facility in India with a current capacity of 12 MTPA. The new brownfield expansion will be spread across 600 acres and includes establishing 4.5 MTPA Blast Furnace, two Steel Melt Shops 350 tons each and 5 MTPA Hot Strip Mill along with other allied and auxiliary facilities.
JSW Steel, as part of its next phase of growth, is targeting an overall capacity of 37.5 MTPA in India and the USA by FY25. The brownfield expansion at JSW Steel Vijayanagar Works is part of this broader target.
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