A vision to execute better. Everyday.
At JSW Steel, we believe that better execution is the key to excellence. From our everyday operations to our strategic expansion projects, our key differentiator has always been better execution, backed by a strong vision. Be it operating at industry-leading efficiencies or expanding at the least per-tonne cost, our will to undertake challenges, plan with conviction and execute with passion, has sustained and improved over the years. In line with our Group philosophy of ‘Better Everyday’, we continue to deliver on our responsibilities with utmost prudence, across parameters. This year, we have yet again surpassed our previous records and have registered our best-ever performance.
Growing with India's aspirations
Over the past decade, India has witnessed unparalleled growth. A strong vision for development, progressive policymaking, favourable demographics, fast-paced technology adoption and good governance have together enabled this growth. Consequently, India has emerged as a bright spot today in an otherwise tepid global economic scenario. With a goal to become a US$5 trillion economy by 2024, intensive investments, robust consumption and significant infrastructure development are expected in the next five years.
1. International Air Transport Association
2. Regional Human Development Report of the United Nations Development Programme (UNDP)
3. World Economic Forum
4. IBEF : Union Budget 2019-20 analysis
5. Niti Aayog
At JSW Steel, we are of the belief that tomorrow’s India will be built with the strength of steel. In line with this, steel consumption and production in India is expected to rise significantly. As one of the largest Indian steel companies, we are cognisant that our superior- quality and distinctive steel products have an important role to play in India’s growth story.
To continuously contribute to India’s growth, JSW is ramping up its domestic steelmaking capacity.
18 MTPA in 2019 to 45 MTPA in 2031
JSW Steel’s strategy to harness India’s growth potential
Capex programme of `48,715 crore
FY 2017-18 to FY 2021-22
33%
Growth in crude steel capacity (from 18 MTPA to 24 MTPA)
60%
Increase in downstream capacities (Increase by 3.95 MTPA)
Cost saving projects
- Setting up facilities with backward integration (8 MTPA Pellet Plant; 3 MTPA coke oven; 225 MW CPP)
- Conveyor systems for material handling
Growth
opportunities
Pursuing growth through participation in IBC Process
Innovative and better products
Increase VASP share to 60% in overall sales portfolio
Growth enablers and support ecosystem
In the last 25 years, we have built a long-lasting association with all our stakeholders and have contributed to the country’s economy. Inspired by this trust and confidence, we will continue to focus on all our economic, social and environmental commitments, and work towards contributing to a circular global economy.
It is our singular aim to grow in an efficient and responsible way and participate in India’s progress.