JSW Group to Invest ₹50,000 Crore in Green Steel for European Markets
JSW Group to Invest ₹50,000 Crore in Green Steel for European Markets ?
JSW Group plans to invest ₹50,000–₹60,000 crore over the next 3–4 years to produce green steel for the European markets. The goal is to expand green steel production in line with Europe’s carbon border adjustment mechanism.
Key Points:
Location: The project will be implemented at JSW Steel’s Salav plant.
Goal: Initially, the plant will produce 4 million tons of green steel, with plans to increase this to 10 million tons over the next few years.
Technology: The plant will start with a blast furnace using natural gas injection and later switch to green hydrogen.
Carbon Reduction: This project aims to significantly reduce carbon emissions from the Salav plant.
JSW Group Chairman Sajjan Jindal announced the project during an event organized by the Indian Chamber of Commerce.
