Company seeks permission for 2,980 acres of land as well as environmental approval.
JSW Steel is planning to expand its capacity to 40mt by 2030. The company is considering organic and inorganic means to achieve this expansion target. JSW Steel is currently in the process of bidding for the stressed assets of Bhushan Steel and Bhushan Power & Steel and Monet Ispat. Bhushan Steel, Bhushan Power & Steel and Monnet Ispat have capacities of 5.6mt, 2.5mt and 1.8mt respectively. Monnet Ispat, the flagship of the Monet Group, has a sponge iron unit with a capacity of 1 lakh tonne per annum.
JSW Steel is also planning on doubling its steel-making capacity from 5 mtpa to 10 mtpa by March 2020. This expansion is expected to cost Rs15,000cr. The company is also expanding its Vijayanagar CRM complex capacity from 0.85 mtpa to 1.8 mtpa, which is expected to be commissioned by September 2019 at a cost of Rs2,000cr. In addition, the company is also setting up a tinplate mill having 0.2mtpa capacity at Tarapur in Maharashtra at an estimated cost of ~Rs650cr.
JSW Steel Ltd is currently trading at Rs289.1, down by Rs9.9 or 3.31% from its previous closing of Rs299 on the BSE. The scrip opened at Rs297 and has touched a high and low of Rs297.5 and Rs289, respectively. The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 313.95 on 02-Feb-2018 and a 52 week low of Rs75.05 on 10-Mar-2017. Last one week high and low of the scrip stood at Rs313.95 and Rs281.95, respectively.
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