CAPITALS DEPLOYED
CAPITALS ENHANCED
33%
Iron ore consumption met
through captive mines in
FY 2023-24
2,000 MW
Total capacity of the
captive power plants
At JSW Steel, we maintain cost leadership and ensure the sustainability of our operations through strategic acquisitions/investments in mining assets and internal logistics. By reducing dependency on external suppliers and mitigating risks associated with raw material volatility, we support our longterm growth and profitability goals, ensuring a stable supply of essential raw materials for our steel production processes.
OPTIMISE
Cost leadership
through resource
optimisation and improved
CAPITALS DEPLOYED raw material security
Raw material security and mining enhancements
We have acquired 7 iron ore leases in India through auctions in FY 2023-24 of which 3 are mining leases (1 in Karnataka and 2 in Goa) and 4 are composite licenses. Iron ore production from these 3 mining leases will begin after obtaining necessary statutory approvals. ~2 to 3 MTPA of ore is expected to be supplied from these 3 leases. On the other hand, the 4 composite licenses will have to be explored and then, operationalised.
We have also constructed a state-of-the-art pipe conveyor system spanning 24 km connecting the captive mines in Karnataka to the Vijayanagar plant for the transportation of iron ore fines efficiently. BPSL features advanced oxygen production and line calcination facilities. Meanwhile, JSW Steel's Vijayanagar plant now hosts a new 1.5 MTPA coke oven, eliminating the need for external coke procurement. This development enhances operational efficiency and secures the supply chain.
Acquisition of Minas de Revuboe Limitada
JSW Steel has approved the acquisition of 92.19% of Minas de Revuboe Limitada (MDR) in Mozambique for a purchase consideration of US$73.75 million. The acquisition will be executed through JSW Natural Resources Limited, a subsidiary of JSW Steel, securing access to over 800 million metric tonnes of premium hard-coking coal reserves.
Over the year, we have focused on process improvement, energy optimisation, and cost reduction have reduced operational costs. Key efforts include:
Cost-reduction initiatives and savings in power/fuel consumption through:
Tarapur
Vasind
Kalmeshwar
Khopoli
Bawal
Rajpura
Near-term
Long-term