JSW Steel plans INR 20,000 crore capex in FY26, mainly to expand Dolvi plant from 10 to 15 Million TPA, investing around INR 3,400 crore already.
Jul 21, 2025
JSW Steel has outlined a INR 20,000 crore capital expenditure for fiscal year 2026, according to a recent regulatory filing. Approximately INR 3,400 crore was already spent in Q1 FY26, highlighting strong early momentum.
Chiefly, the bulk of the capex will fund the expansion of the Dolvi steel plant in Maharashtra, scaling capacity from 10 to 15 million TPA by September 2027. The remaining investment will support ongoing projects at Bhushan Power, JVML, downstream capacities.
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The strategic investment is expected to enhance JSW’s production strength and competitiveness, fueled by supportive policies like protection against cheap imports and lower raw-material prices.
