Jindal Steel and Power (JSPL) will ramp up its installed production capacity more than fivefold to 50 million tpa by 2030-31 from nine million tpa presently.
The expansion will see an investment of around Rs two trillion.
While a 6.3 million tpa capacity expansion is currently underway at Angul facility in Odisha for completion by 2024-25, the company will take up further expansion at the facility to 25.2 million tpa by 2030-31.
The Raigarh unit in Chhattisgarh will see capacity expansion to 12.6 million tpa from 3.6 million tpa now by 2030-31. The work on expansion will begin by 2025 and is expected to be completed by 2027.
The work on a greenfield facility of six million tpa capacity in Andhra Pradesh will also commence by 2025.
Apart from this, the company has plans to set up another greenfield facility of six million tpa in the east or southeast part of the country. It is also open to acquisition provided it proves to be a strategic fit.