JSW Steel is planning to increase its steel making capacity to 40 million tonne by 2025. The steel maker will invest $22 billion over the next decade to achieve this target.

JSW Steel aims to retain the market share of 14-15 per cent over the next decade. JSW’s steel production in FY14 stood at 12.17 million tonne. The investment was announced at the company’s annual general meeting held in Mumbai on Thursday.

JSW Steel is also likely to announce an acquisition of Welspun Maxsteel’s assets in the next two months. In June, there were reports that JSW Steel was looking to acquire Welspun Maxsteel for around Rs 1,100 crore. Welspun was expected to supply raw materials such as sponge iron to JSW’s plants, which would help it cut down costs.

Another group firm of Jindal’s, JSW Energy, is also looking to acquire a thermal power plant from Lanco Infratech for around Rs 6,000 crore.