The JSW Group has updated its investment target to $70 billion by 2030, which now encompasses a $5 billion investment in electric vehicle (EV) initiatives in Odisha, announced earlier this year in February.
The Odisha project includes the establishment of a 50 GWh EV battery plant, production of electric vehicles, a lithium refinery, a copper smelter, and various component manufacturing facilities. Additionally, the Group aims to expand its operations in the steel, cement, and electricity generation sectors.
In 2023, the Group had initially declared an investment of $65 billion to be achieved within the same timeline. The flagship entity, JSW Steel, plans to invest nearly ₹65,000 crore over the next three years.
This includes new capital expenditure for the Dolvi project in Maharashtra. As reported by ProjectsToday, through these expansions, JSW Steel will concentrate on brownfield projects, and with the completion of the Dolvi project, its total steel production capacity will increase to 43.5 million tons.
