JSW Steel plans to diversify into copper and aluminium

The conglomerate has engaged consultants to explore the feasibility of such an expansion

- Nehal Chaliawala

The JSW Group, which has the largest steelmaking capacity in India, is exploring entry into making other metals, including copper and aluminium, JSW Steel chief executive officer Jayant Acharya said.

The steel-to-auto conglomerate has already engaged consultants to explore the financial feasibility of such an expansion, said Acharya, who is also the company's joint MD. The plans are in the early stages and no decision has been made, he clarified. "As of now, we have not taken any call on which metal to do or not to do, but we are open to looking at alternate metals," he told Mint during an interview at JSW Group's expansive headquarters at Mumbai's Bandra Kurla Complex. "We are looking at it, but it's too early to comment. It may be (through) a different entity; it may not be JSW Steel."