JSW Steel plans Rs 20,000-crore capex in FY24 for capacity expansion: Rao

The expansion would take JSW Steel's capacity to around 38 mt

Ishita Ayan Dutt Kolkata
JSW Steel plans Rs 20,000-crore capex in FY24 for capacity expansion: Rao

JSW Steel is pegging its capital expenditure (capex) for FY24 at Rs 20,000 crore as it plans to add 9 million tonnes (mt) to its current capacity. The capex is part of the Rs 49,000-crore spend that JSW had outlined over a three-year timeframe.
During the nine months of FY23, the company’s capex stood at Rs 10,707 crore against Rs 15,000 crore planned for FY23.
JSW had earlier envisaged a capex of Rs 20,000 crore for the current financial year.

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First Published: Jan 29 2023 | 12:41 PM IST

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