JSW Steel Italy Piombino Signs Development Contract with Italian Government

JSW Steel Italy Piombino S.P.A., a wholly owned subsidiary of JSW Steel Limited, has taken a significant step towards reviving the historic Piombino steelworks.  

The company signed a Development Contract with the Ministry of Enterprise & Made in Italy (MIMIT), the Tuscany Region, and INVITALIA, Italy’s national agency for investment promotion. This agreement follows the Memorandum of Understanding (MoU) signed in March 2024, aimed at modernising the Piombino plant and boosting industrial activity in the region. 

€33 Million Grant for Rail Mill Expansion 

Under this contract, JSW Italy will receive a grant of €33 million from the Italian government through INVITALIA. This funding will support the €143 million Rail Mill Modernisation Project, which is set to nearly double the production capacity of the plant—from 0.32 million tonnes per annum (MTPA) to 0.6 MTPA. 

The modernisation will also allow the facility to manufacture longer rails, increasing the rail length from the current 108 meters to up to 120 meters. This upgrade positions JSW Italy among the few European manufacturers with the capability to produce technologically advanced “Head Hardened” rails, meeting the growing demand for high-durability railway infrastructure across Europe. 

Boosting Industrial Growth and Local Economy 

The Piombino rail mill, with its strategic location and manufacturing capability, is expected to play a key role in the European rail supply chain. The investment not only brings technological advancement but also signals a commitment to revitalising the Piombino region’s industrial landscape. The Development Contract is legally binding and subject to standard regulatory conditions under Italian law. 

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JSW Steel Share Price Performance 

On April 21, 2025, JSW Steel share price opened at ₹1,001.00, down from its previous close of ₹1,007.20. At 9:31 AM, the share price of JSW Steel was trading at ₹1,011.80, up by 0.46% on the NSE. 

Conclusion 

This collaboration between JSW Italy and Italian authorities marks a new chapter for the Piombino steelworks. The project not only strengthens JSW Steel’s presence in Europe but also contributes to the region’s economic revival and sustainable industrial development. 

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