JSW Steel Board Approves 5 MTPA Expansion, UAE Subsidiary

Entity: JSW JFE Steel Limited (JJSL), a 50:50 joint venture between JSW Steel Limited and JFE Steel Corporation, Japan
Current Capacity: 4.5 MTPA integrated steel plant at Sambalpur, Odisha, operating at near full capacity
Additional Facilities: Two downstream facilities at Chandigarh & Kolkata
Expansion Approval: Board approved 5 MTPA expansion project and upgradation of existing plant facilities at Sambalpur
Rationale: Increasing domestic steel demand and JJSL's long-term growth strategy
Equity Requirement: ₹7,500 crore total, to be contributed equally by JSW Steel and JFE (₹3,750 crore each)
Implementation Timeline: Expected to commence from April 2027, subject to receipt of requisite statutory and environmental approvals
Completion Target: Approximately 3.5 years
Expected Benefits: Strengthen JJSL's market position, improve economies of scale, expand value-added product offerings, and enhance export opportunities

Entity Type: Wholly-owned subsidiary of JSW Steel Limited
Location: United Arab Emirates (UAE)
Industry: Steel / Mining & Metals Industry
Purpose: To act as an overseas investment, trading and business development entity
Investment Details: Company will subscribe to ordinary shares for aggregate cash consideration of AED 100,000 (AED One Hundred Thousand Only)
Shareholding: 100% ownership by JSW Steel Limited
Approvals Required: Regulatory approvals by authorities in the UAE, as applicable
Incorporation Status: Entity yet to be incorporated

Disclosure available on company website: www.jsw.in
Filed with National Stock Exchange of India Ltd. (Symbol: JSWSTEEL) and BSE Limited (Scrip Code: 500228)
Copy marked to Singapore Exchange Securities Trading Limited

#Tags #JSWSteel #Expansion #UAE Subsidiary #SEBIDisclosure #RegulatoryCompliance #CapitalExpenditure