JSW Plans Green Steel Plant for EU Exports

JSW Group is setting up a green steel plant dedicated to manufacturing steel to be exported to the European Union (EU).

- URVI MALVANIA

The move is to adhere to EU's Carbon Border Adjustment Mechanism (CBAM) mandate.

The plant will be located at Salav in Raigad, Maharashtra, and operate under JSW Steel's wholly-owned subsidiary, JSW Green Steel. "The brownfield steel plant will have a capacity of 10 MTPA eventually, and we will invest ₹50,000-60,000 crore over the next 3-4 years," JSW Group chairman Sajjan Jindal said. He was speaking on the sidelines of an Indian Chamber of Commerce event here.