JSW Steel will invest Rs 20,000 crore in capital expenditure during FY26, with a major share allocated to expanding its Dolvi plant in Maharashtra. The company plans to increase the plant’s capacity from 10 million tonne to 15 million tonne by September 2027.

"Our focus remains on growth projects," said CEO Jayant Acharya, highlighting that the remaining capex will fund developments at Bhushan Power, JVML, and other downstream projects. This year’s planned investment is over 19 percent higher than the Rs 16,752 crore spent in FY25. JSW Steel targets annual steel production of 50 million tonne by 2030-31, of which up to 42 million tonne will come from brownfield expansion by 2027.

The company is also setting up a 13.2 million tonne greenfield unit at Paradip, Odisha. Also, recently, JSW acquired Saffron Resources for Rs 679.34 crore, securing 887 acres in Odisha for future projects.