JSW Group Eyes ₹50,000 Crore Green Steel Investment for Europe

In a decisive statement of intent, JSW Group Chairman Sajjan Jindal has laid out a transformative blueprint for the company’s future, positioning JSW as a central force in India’s industrial ascent. As global trade dynamics shift away from China, Jindal believes JSW can spearhead India’s rise as the world’s next manufacturing hub. From combating unfair trade practices to investing massively in green steel and battery cell production, JSW is preparing to lead this new era with strategic clarity and industrial confidence.

Green Steel and Electric Future: JSW’s Next Leap

Aligning with global sustainability goals, JSW is now pivoting toward green steel production aimed at the European market. Jindal announced plans to invest between ₹50,000 crore to ₹60,000 crore over the next 4 years to establish a 10 million tonne per annum green steel facility. This plant will cater specifically to export demands while complying with the European Union’s carbon border tax regime.

JSW’s ambition also extends into the electric mobility space. Identifying battery cells as the only missing link in India’s EV ecosystem, Jindal revealed that JSW is working to localise their production. He added that the company is already collaborating with Chinese technology and in talks with Korean firms to develop and manufacture battery cells within India. “Technology is not so complicated. It’s available in Korea, Japan and China,” he said confidently.

Safeguarding Steel: JSW’s Fight Against Dumping

Jindal expressed deep concern over the growing volume of subsidised steel imports from China, particularly through Vietnam, calling it a direct threat to India’s steel sector. “Whatever comes to India comes via Vietnam, that also now the government is trying to stop,” he said, warning that these imports could cripple domestic momentum if unchecked.

To counter this, he confirmed that safeguard duties are imminent. The Commerce Ministry has already proposed a 12 per cent duty on specific steel products for a 200-day period. Jindal noted that while China can afford to sell at any price, Indian steelmakers must stay profitable to fund their expansion plans. “We have to make profits to redeploy that money to expand our capacity,” he stated, affirming JSW’s commitment to sustainable growth and fair competition.

Conclusion

JSW Group is not merely adapting to a changing global landscape; it is actively shaping it. Through aggressive investments, policy engagement, and a clear focus on sustainability and localisation, Sajjan Jindal has positioned JSW as a vital player in India’s industrial future. As India stands ready to step into China’s shoes, JSW is clearly leading the charge.

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