India’s JSW Steel and Japan’s JFE Steel will invest around USD 670 mln to significantly expand the capacity of their joint venture companies, JSW JFE Electrical Steel Private Limited (J2ES Vijayanagar) and JSW JFE Electrical Steel Nashik Private Limited (formerly Thyssenkrupp Electrical Steel India).
The two grain-oriented electrical steel (GOES) manufacturers, held in a 50:50 partnership, will see J2ES Vijayanagar’s planned capacity double to 100,000 tons per year. J2ES Nashik’s current capacity will be increased fivefold from 50,000 to 250,000 tons annually, bringing total production across both sites to 350,000 tons per year.
JFE noted that India’s surging demand for GOES is driven by rapid economic growth, rising power needs, the expansion of renewables, growing transformer efficiency standards, and increasing data center development.
Full-scale operations at J2ES Vijayanagar are expected to begin in 2027, while expansion at J2ES Nashik will be phased in from 2028 to 2030.
JFE emphasized that the expansion will strengthen its and JSW’s position in India as the country’s only fully integrated GOES manufacturer.
