India-based JSW Steel has announced plans to build a green steel production facility with an annual capacity of 10 million tons in Salav, a village in the Raigad district of Maharashtra. The project, requiring an investment of INR 50,000 to INR 60,000 crore, aims to meet the European Union’s demand for carbon-neutral products under the Carbon Border Adjustment Mechanism (CBAM).
JSW Group Chairman Sajjan Jindal emphasized that the facility will be dedicated exclusively to the production of green steel, with the majority of output destined for export to the European market. The project will be developed as a brownfield expansion on the group’s existing sites.
Initially designed to operate on natural gas, the plant will be equipped with the technology necessary to transition to hydrogen-based production, aligning with the rising demand for zero-carbon steel. Completion of the investment is expected within three to four years.
Jindal also commented on the current uncertainties in global trade, pointing to the tariffs introduced during the administration of former U.S. President Donald Trump as a temporary disruption. “This is a three-to-four-year transition period. Trump might implement something one day, change his stance the next morning, and take an entirely different course by evening. Over time, this process finds its balance. He enjoys negotiation,” he remarked.
This investment represents a significant move within JSW Group’s strategy to strengthen India’s global competitiveness in the steel sector while securing access to low-carbon-demand markets such as Europe.
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