In a bold move toward sustainable steel production, JSW Steel Chairman and Managing Director Sajjan Jindal announced that the company will invest INR 50,000–60,000 crore over the next three to four years to develop 10 million tonnes per annum (MTPA) of green steel capacity at its plant in Salav, Raigad district, near Mumbai.
The massive investment comes in response to a growing global push for environmentally sustainable steel production, specifically driven by European mandates on green steel. “This will be a brownfield investment, and once completed, the plant will emit just one-fifth of the carbon compared to conventional steel plants,” said Jindal, addressing reporters on the sidelines of an event in Mumbai.
JSW Steel, part of the $24-billion JSW Group, had already revealed phased plans last month to increase the Salav facility’s green steel capacity to 4 MTPA. The newly announced investment significantly expands on that commitment.
Jindal highlighted the critical need for green steel amid strong global demand and rising environmental concerns. The company’s green steel initiative is seen as part of its broader ambition to become the largest steel producer in the world. It targets 100 MTPA capacity—a near-threefold increase from its current 34.2 MTPA.
Jindal also raised concerns about steel dumping by China and Vietnam, emphasising that the Indian government is preparing to introduce safeguard duties within days to prevent market disruption.
Last year, China exported over 120 million tonnes of steel, prompting Indian authorities to tighten checks to ensure fair trade and prevent profiteering.
Looking beyond steel, the JSW Group is also eyeing battery cell manufacturing in India, exploring Chinese and Korean technologies to tap into the growing electric mobility and energy storage market.
As India ramps up its efforts to balance industrial growth with environmental sustainability, JSW Steel’s massive green steel investment could serve as a remarkable moment in the country’s transition toward a low-carbon industrial future.
