Announced Fri, 3 Jul · 15:46 IST
JSW Steel commences Rayalaseema Steel Project in Andhra Pradesh
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JSWSTEEL · price
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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹1232.20
prior close
₹1230.00
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
JSW Steel has commenced development of a 2 MTPA integrated steel plant in Rayalaseema, Andhra Pradesh through 100 percent subsidiary JSW Rayalaseema Steel Ltd. Phase 1 covers 1 MTPA capacity with Rs 4,500 crore investment. Phase 2 adds another 1 MTPA with up to Rs 11,850 crore more, taking total planned investment to Rs 16,350 crore. The project uses EAF technology with recycled scrap and DRI to produce low-carbon structural steel.
Likely market impact
Capex up to Rs 16,350 crore adds 2 MTPA capacity, supporting JSW Steel target of 54.8 MTPA over four years. Positive for long-term growth.