Mumbai: Most JSW SteelCapital expenditure of 20,000 crore for this financial year will be used to expand capacity at Dolavi plant – from 10 million tonnes to 15 million tonnes – CEO Jayant Acharya said. The company’s overall focus will be on development projects, the remaining funds will be used to complete the projects in Bhushan Power, JVML and some other downstream projects.

This is the third stage of capacity expansion in Dolvi in Maharashtra and is expected to be completed by September 2027.

Capex is more than 19% more than 19% Rurate 16,752 crore made by the steelmaker in 2024-25. Acharya told ET in a special interview that most of its would be funded by internal allegations, the company will also continue to refinance, which will help reduce its cost of capital.
In the June quarter, the average cost of the company’s capital decreased on a sequential basis, he said.

The JSW group’s leading company aims to a 50 million tonnes of annual steel production by 2030-31. Out of this will be done through up to 42 million tonnes. Brownfield expansion By September 2027.

Export dragWhile the security duty implemented by the government for some steel products has helped in stem imports, exports have not raised meaningfully for the industry. “One reason is that the global situation is fragile and uncertainty is cloudy to the approach, so people are naturally a little more alert,” Acharya said.