【SMM Steel】India's JSW Steel plans to invest $20bn over next 7 years

Published: Jun 8, 2026 18:09

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【SMM Steel】JSW Steel MD and CEO Jayant Acharya stated at the Citi India Conference on June 4 that the company expects to invest 20 billion USD over the next seven years or approximately 3 billion USD annually. The investment responds to India's needs in infrastructure urbanisation manufacturing growth and domestic consumption. Acharya noted India's per capita steel consumption has now exceeded 115 kg. Over the past five years the ratio of steel demand growth to GDP growth has increased to about 1.5 times from below 1 previously. He added that JSW Steel's expansion strategy urgently requires local supply capabilities for specialty steels including electrical steel packaging steel and advanced high-tensile steel for auto manufacturing and energy transition.

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