JSW Steel has announced an investment of INR 1,000 crore for setting up an iron ore beneficiation plant in Vijaynagar, Karnataka.

July 18, 2025

JSW Steel has announced an investment of INR 1,000 crore to set up an iron ore beneficiation plant in Vijaynagar. This initiative is part of the company’s broader strategy to expand its steel production capacity and is being developed as a joint venture with the Andhra Pradesh government.

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The project is followed by Andhra Pradesh government’s recent move to invite bids for setting up beneficiation facilities. Designed to process 5 million tonnes of Run-of-Mine (ROM) ore annually, the plant is expected to produce around 1.5 million tonnes of iron ore. The beneficiation process will enhance the ore to approximately 64% iron content while significantly lowering alumina and silica levels. This facility will serve as a strategic alternative to importing high-grade iron ore, helping reduce dependency on international sources.

The company is also planning to ramp up its JVML Project in Vijaynagar, which produced around 0.75 million tonnes of steel in Q1 25. They plan to commission the second converter in SMS in Quarter 2. Subsequently, the company will take the shutdown of its blast furnace-3 at Vijayanagar starting September 2025. This will upgrade the BF-3 capacity by 1.5 million tonnes.

In addition, JSW Steel has announced a planned investment of USD 1 billion in the United States for quality upgrades across its plants in the country. However, specific details regarding this expansion have not yet been disclosed.

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The Dolvi Phase-III expansion from 10 million tonnes to 15 million tonnes is progressing well and is on track to be completed by September 2027. The company continues to enhance its downstream capabilities.

In May, the Board had approved 2 projects: a 0.6 million tonnes cold-rolling complex at Khopoli, with capabilities to produce galvanized, galvalume and zinc magnesium coated products for appliances, general engineering and renewables. And the other, a 0.4 million tonnes continuous galvanizing line in Vijayanagar is being ordered, capable of producing advanced high-strength steel for the automotive industry with tensile strength up to 1,480 MPa.