Steel Giant Eyes 80MTPA Capacity by 2032

JSW Steel has reaffirmed its long-term strategic roadmap, maintaining its target of achieving approximately 80 million tonnes of total capacity by 2032. This includes a substantial 62 million tonnes from its own operations, complemented by 16 million tonnes from Indian joint ventures and 1.5 million tonnes from its Ohio facility. The company is making significant progress in deleveraging, with its net debt-to-EBITDA ratio currently at 1.46. Upcoming debt repayments are expected to further reduce finance costs.

Cost optimization remains a key focus, with a major initiative being the slurry pipeline project, over two-thirds complete and slated for commissioning by March 2027. This pipeline is anticipated to generate substantial savings, reducing iron ore costs by Rs 900-1,000 per tonne. Additionally, the company is pursuing fuel security by increasing captive coking coal from Mozambique and enhancing domestic coal washing processes. The operationalization of 12 mines across Goa, Karnataka, Andhra Pradesh, and Maharashtra is planned in phases over the next 1-1.5 years to support existing plants and improve raw material security.