JSW Steel commences ₹16,350 crore Rayalaseema steel project in Andhra Pradesh
JSW Steel has begun work on its integrated steel project in Rayalaseema, Andhra Pradesh. The project, to be developed in phases by JSW Rayalaseema Steel Ltd, will have a total investment of up to ₹16,350 crore, with the first phase requiring ₹4,500 crore for a 1 MTPA plant. The facility will use EAF technology to produce low-carbon steel.
The project involves a large capital expenditure of ₹16,350 crore and aims to increase steel production capacity, which is expected to have a significant impact on the company's future growth and the regional economy.
The announcement details the commencement of a significant new project with substantial investment, indicating expansion and growth for the company.
JSW Steel has initiated development activities for its integrated steel project in the Rayalaseema region of Andhra Pradesh. This project, to be executed by its wholly-owned subsidiary JSW Rayalaseema Steel Ltd, will be set up in phases, with the first phase involving an investment of ₹4,500 crore to establish a 1 MTPA Integrated Steel Plant focused on low carbon emission steel products.
The second phase will see an additional investment of up to ₹11,850 crore, expanding the capacity to 2 MTPA and bringing the total project investment to ₹16,350 crore. The project aims to leverage advanced Electric Arc Furnace (EAF) technology, utilizing recycled scrap and Direct Reduced Iron (DRI) as raw materials for manufacturing structural steel. This initiative aligns with JSW Steel's commitment to India's manufacturing growth, the state's industrial transformation, and its long-term sustainability and decarbonisation roadmap, with a focus on operational efficiency and low carbon emissions.
The commencement ceremony was attended by the Hon’ble Chief Minister of Andhra Pradesh, Shri N. Chandrababu Naidu, alongside other dignitaries and JSW leadership, including Chairman & Managing Director, Mr. Sajjan Jindal, and Joint Managing Director & CEO, Mr. Jayant Acharya. The project is strategically located with planned infrastructure support and is expected to catalyze ancillary industries and broader economic activity in the Rayalaseema region.
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