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India's Jindal South West Steel (JSW Steel) announced on August 4 that its joint venture with Japan's JFE Steel, NK K/D32 steel JSW JFE Electrical Steel Co., Ltd., will invest 58.45 billion rupees (about US$669 million) to increase the cold-rolled grain-oriented silicon steel (CRGO) production capacity of two plants in India to meet growing domestic demand.
The two parties will jointly invest 19.66 billion rupees based on their shareholding ratio, and the source of the remaining 38.79 billion rupees has not been disclosed. NK K/D32 steel The new production capacity is planned to be released in phases starting from fiscal year 2028.
The specific expansion plans are as follows:
Nashik Plant: An investment of Rs 4,300 crore will increase the plant's annual cold-rolled grain-oriented silicon steel production capacity from the current 50,000 tons to 250,000 tons. NK K/D32 steel This plant was acquired from the electrical steel assets of ThyssenKrupp India for Rs 4,159 crore in January 2025.
The plant under construction in Vijayanagar: With an investment of Rs 1,545 crore, the plant's planned annual production capacity will be increased from the original 62,000 tons to 100,000 tons.
