In order to expand its value-added products range, improve efficiency, reduce costs and focus on supply chain logistics in the next three years, Jindal Steel & Power has announced a fresh capex outlay of INR 16,000 crore.

Feb 28, 2025

Jindal Steel & Power (JSP) has come up with a new capex plan worth INR 16,000 crore to expand its value-added products range, improve efficiency, reduce costs and focus on supply chain logistics in the next three years.

The fresh capex outlay, announced during the reporting of JSP’s earnings for the third quarter of financial year 2025, is in addition to the capacity enhancement plan worth INR 31,000 crore announced earlier by the company. JSP has already spent around 76 percent (around INR 23,600 crore) of this capex so far. The balance is expected to be spent in FY26.

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Out of the fresh capex, the company has allocated INR 5,720 crore for project enhancement, including the expansion of downstream facilities in Angul and Raigarh plants. JSP plans to set up a galvanized and colour coating line of 200,000 TPA each.

The company would utilize INR 4,500 crore for integrated supply chain projects such as setting up a pipe conveyor project to connect coal mines, adding 67 rakes and investment in port facilities. The remaining INR 5,780 crore would be used for sustenance capex and contingency.

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With the fresh capex outlay of INR 16,000 crore, JSP aims to increase its total crude steel capacity from 9.6 million TPA in FY24 to 15.9 million TPA in FY27.