India is on a sustained economic expansion, aspiring to be a ‘developed’ nation over the next two decades. Steel, with its unmatched versatility, forms the backbone of the nation’s global ascent—building modern infrastructure, strengthening manufacturing, driving consumption and contributing to energy transition. As India’s largest steelmaker, JSW Steel is well-positioned to capitalise on this opportunity while playing a pivotal role in the nation’s sustainable and inclusive development agenda.
trends to observe
projects
cleaner mobility
technologies
production
circular economy
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1Steel demand to outpace economic expansion
India is the world’s second-largest producer and consumer of crude steel. The National Steel Policy envisions the country’s steel industry capacity to reach 300 MTPA by 2030, to address the growing demand for steel in the construction and infrastructure-led growth push. Further, with India traversing the ‘nation-building’ phase, finished steel consumption is likely to grow at a much higher CAGR than economic output, supported by structural demand rivers. Further, India’s per capita steel consumption remains below the global average and significantly below the peak experienced by today’s developed economies when they underwent this growth phase-indicating significant growth potential.
103 kgIndia’s per capita steel consumption*
215 kgGlobal average per capital steel consumption*
160 kgIndia’s projected per capita steel consumption
Our responseWe have added 16 MTPA of capacity over the past five years and are on course to add over 7 MTPA by September 2027, with a targeted capacity of 50 MTPA in India by FY 2030–31. We have an approved capex of ₹61,863 crore over the next three years.
* In 2024
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2Push for infrastructure projects
The Union Budget FY 2025–26 raised allocation for Central government’s capital expenditure to ₹11.21 lakh crore, a 10% rise from the previous year, underscoring a strong push for infrastructure-led growth. With an emphasis on publicprivate partnerships and rapid urbanisation driven by flagship initiatives such as Smart Cities Mission, PMAY and AMRUT, steel demand has surged across residential, commercial and infrastructure projects.*
₹11.21 lakh croreAllocated capital expenditure for FY 2025-26
Our responseWe are a trusted nation-building partner, supplying high-strength steel for critical infrastructure from nuclear power plants and expressways to Metro lines, high-speed rail, airports and pipelines. Our products support over 2,000 km of water and gas pipelines, 864 km of roads and 892 km of freight corridors among others.
* Budget 2025-26
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3Demand for safer and cleaner mobility
India’s automotive sector is accelerating towards a safer, greener future, fuelled by tighter safety norms, rising fuel efficiency standards and the EV revolution. This shift is propelling demand for advanced high-strength steel (AHSS), valued for its durability and cost-efficiency. By 2030, India’s automotive steel market is projected to reach US$7,581.1 million, growing at a robust 7.7% CAGR between 2025 and 2030.
7.7%Estimated CAGR of India’s automotive steel market
between 2025 and 2030 Our responseOur continued investments in state-of-the-art steel plants and facilities allow us to offer complete sustainable steel solutions of Hot rolled, Cold rolled, Coated Steel, electrical steel and Long products to meet the demands of the evolving Indian Auto Industry including in India, Advanced High Strength Steel (AHSS), skin panels in Cold rolled as well as coated steel, and thin gauge electrical steel for EV traction motors.
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4Push for infrastructure projects
Digital transformation in the steel industry involves integrating advanced technologies and data-driven solutions across the production cycle. The industry is adopting tools like the Internet of Things (IoT), AI, machine learning, and Big Data analytics to enhance operational efficiency, decision-making, and resource utilisation.
Our responseJSW Steel is driving its Digital Vision 2026 by harnessing the power of Industry 4.0 technologies to transform operations and build a future-ready workforce: At the heart of this transformation is the deployment of Industrial Internet of Things (IIoT) platforms and extensive sensorisation across the shop floor. These technologies are enhancing asset performance and reliability, enabling real-time logistics tracking, and optimising surface logistics to deliver significant cost efficiencies.
To further elevate operational excellence, JSW Steel is leveraging Big Data and Artificial Intelligence for predictive quality control and process optimisation. Computer Vision AI is being actively deployed to improve workplace safety and support sustainable manufacturing practices.
Complementing these technological advancements is a strong focus on digital literacy and education.
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5Focus on decarbonisation
India, the world’s fourth-largest greenhouse gas emitter, faces a complex steel decarbonisation journey, with coal-reliant DRI and carbon-intensive BF-BOF routes driving emissions, which are expected to rise until 2050.
Net Zero By 2070India’s global pledge
Our responseAt JSW Steel, we are committed to achieving Net Neutral Carbon Emissions by 2050 through a two-phase decarbonisation agenda. By 2030, we aim to reduce emissions intensity by 42% from the base year through process efficiency, renewable energy, green hydrogen, carbon capture, material circularity, and breakthrough technologies, among others.
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6Evolving landscape of leases and auction
The expiry of several captive iron ore leases by 2030, under the Mines and Minerals (Development & Regulation) Act 2015, is poised to reshape the steel industry. Securing new leases via government auctions will require strategic investments and alliances, making 2030 a pivotal year for mining and steel production.
Raw material security key to competitiveness Our responseWe are strengthening raw material security by acquiring strategic iron ore and coking coal assets. With access to 23 iron ore mines (1.2 BnT of reserves), 12 operational iron ore mines and expanding coking coal linkages in India and abroad, including assets in Jharkhand, Australia and Mozambique, we are securing long-term supply resilience.
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7Increase in green steel production
The Government of India has taken bold initiatives to bolster environmental sustainability within the steel sector. The Ministry of Steel is formulating a ‘Green Steel Mission’, with a proposed outlay of ₹15,000 crore, to aid in reducing carbon emissions and advancing towards Net Zero. The mission includes a PLI scheme, incentives for renewable energy use, and mandates for government procurement of green steel.*
₹15,000 croreIndia’s ‘Green Steel Mission outlay
Our responseIn the long term, our efforts are focused on the commercial adoption of green hydrogen and Carbon Capture, Utilisation and Storage (CCUS) technologies to significantly reduce our carbon footprint. We also plan to establish a 4 MTPA green steel facility at Salav, Maharashtra. While the plant will initially be powered by natural gas, it will transition to green hydrogen as the technology matures.
* PiB
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8Enhanced focus on circular economy
The Government of India is actively fostering sustainable practices in the steel sector through the Steel Scrap Recycling Policy, 2019. Aimed at supporting a circular economy and green transition, the policy promotes scientific processing and recycling of ferrous scrap by encouraging the establishment of scrapping centres. It outlines standard guidelines for setting up dismantling and scrap processing facilities, defines the roles of aggregators, and sets responsibilities for stakeholders.
Our responseWe are progressively increasing the utilisation of scrap in our manufacturing processes. Aligned with the Government of India’s Steel Scrap Recycling Policy, 2019, we are setting up a 0.5 MTPA scrap processing facility in Maharashtra. This initiative is a key step towards reducing our dependence on virgin raw materials and lowering the overall carbon footprint of steel production. In addition, we have adopted closed-loop systems within our operations to minimise waste generation and maximise resource efficiency.
