JSW Steel Begins Construction of Rs. 65,000 Cr. Integrated Steel Plant at Paradip
JSW Steel Limited has commenced construction of its 13.2 Million Tonnes Per Annum (MTPA) integrated steel plant at Paradip in Odisha’s Jagatsinghpur district. The company will invest Rs. 65,000 crore to develop this steel plant. According to JSW Steel, the project represents one of the largest investments undertaken by the company.
JSW Steel to Develop 13.2 MTPA Steel Plant in Phases
JSW Steel will develop the Paradip steel plant in phases, with a planned total capacity of 13.2 MTPA. The project will be developed across 2,950 acres of land. The company had acquired the land for the project in January 2024.
Commenting on this development, Mr. Sajjan Jindal, Chairman and Managing Director, JSW Group, said, “The commencement of the Paradip Integrated Steel Plant project marks a defining moment in JSW Steel’s growth journey and reaffirms our belief in India’s long-term manufacturing potential. This project reflects our confidence in the state’s future and our commitment to creating globally competitive manufacturing assets that contribute to India’s growth story”.
According to the company, the project offers several strategic advantages, including port connectivity, logistics integration, and access to raw materials. Once operational, the facility is expected to further strengthen Odisha’s position as one of India’s leading steel and manufacturing hubs while enhancing the country’s steelmaking capabilities.
JSW Steel’s 13.2 MTPA Steel Plant to Manufacture Flat and Long Steel Products
JSW Steel’s upcoming Paradip steel plant will comprise three blast furnaces, with one blast furnace planned in each of the three development phases. In addition, captive coal-based power generation capacity of 300 MW will be developed during each phase.
The facility will manufacture a range of flat steel products, including hot-rolled coils and sheets, cold-rolled coils and sheets, electrical steel, tinplate, and steel plates.
In the long steel products segment, the plant will produce rebars, wire rods, and medium section products. Among these, rebars are expected to account for the largest share of long steel production at the facility.
India’s Rapidly Expanding Steel Market
According to a report by Mordor Intelligence, India’s steel market size is expected to increase from 162.23 Million Tonnes (MT) in 2025 to 177.03 MT in 2026. The market is projected to reach 273.88 MT by 2031, registering a Compound Annual Growth Rate (CAGR) of 9.12% during 2026–2031.
The growth of India’s steel sector is being driven by increasing demand from infrastructure development, construction activities, and the automotive industry. As the world’s second-largest steel producer, India is targeting a steel production capacity of 300 MT by 2030. Steel consumption in the country is also expected to nearly double by the end of the decade, reinforcing India’s position as a key global driver of steel demand.
About JSW Steel: JSW Steel Ltd. is the flagship company of the JSW Group. The company has manufacturing facilities in India and the US. In FY-26, the company reported a consolidated top line of Rs. 1,85,470 crore and a profit of Rs. 25,508 crore
