Check Price Now
Table of Contents
JSW Steel Limited, a flagship company of the US$22 billion JSW Group, is one of India’s largest private sector steel manufacturers. Headquartered in Mumbai, the company produces a diverse range of steel products including TMT bars, hot and cold rolled coils, galvanised sheets, and special alloy steels across its 14 plants in India. Known for its popular JSW Neosteel TMT bars, JSW Steel has played a vital role in India’s infrastructure and industrial growth.
In this article, we will explore the full form of JSW, its history, product range, plant locations, and the factors behind its rise as one of the world’s most valuable steel companies in 2025.
Update: 26 March 2025
Indian steel titan JSW Steel has emerged as the world’s most valuable steel company, reaching a $30.31 billion market cap and surpassing ArcelorMittal and Nucor. This milestone reflects JSW’s global expansion, innovation, and capacity boost plans. The company aims to hit 51.5 MT by FY31, reinforcing its market dominance.Extremely proud to share that @jswsteel has become the largest steel company in the world in terms of market capitalisation – so proud of all the hard work put in by papa @sajjanjindal Ma @SangitaSJindal and the entire @TheJSWGroup family – we are humbled and will not stop at…
— Parth Jindal (@ParthJindal11) March 25, 2025
Read the announcement here: https://x.com/ParthJindal11/status/1904497014265811445
About JSW
JSW stands for Jindal South West. The company is led by Mr. Sajjan Jindal who is the chairman and managing director of the company.
JSW Steel has a strategic partnership with a Japanese steel company namely JFE Steel. This collaboration enables access to the latest technology for JSW.
Anecdotes about JSW Steel
- JSW was established in 1982 as Jindal Iron and Steel Company.
- The first steel plant of JSW was built at Vasind near Mumbai, Maharashtra.
- JSW has built the world’s largest conveyor system that travels ~24 km from the captive mines to its Vijayanagar plant. The objective of the conveyor system is to reduce transportation costs. The system is especially useful when logistics and transportation remains the key challenge of the steel industry.
- For the maiden IKEA store in India, JSW Steel provided 1,300 MT of steel plates, around 350 MT of GI coils and 5,000 MT of TMT bars.
Quick Facts (as of FY 2024-25)
| Category | Details |
| Founded | 1982 |
| Headquarters | Mumbai, Maharashtra, India |
| Revenue (FY 2024-25) | ~ ₹1,68,824 crores |
| Employees | ~ 29,000 + |
| CEO & MD | Sajjan Jindal |
| Market Capitalisation (Oct 2025) | ~ ₹2.2 lakh crore (≈ US $26 billion) |
| Crude Steel Capacity | ~ 31.5 million tonnes per annum (Mtpa) |
| Global Presence | India, USA, Italy, Chile – exports to 100+ countries |
| Stock Listing | NSE: JSWSTEEL |
*Image for representation only.
Are Jindal Steel and JSW the same?
JSW and Jindal Steel are two different steel manufacturing companies in India.
JSW is a part of the JSW Group and is regarded as the second largest private sector steel producer in India. It offers a wide range of steel products, popular ones being JSW Neosteel TMT bars, JSW Vishwas premium GC sheets, and JSW Everglow advanced roofing technology.
Jindal Steel and Power (JSP), has its presence in steel, mining, infrastructure and other industries. It offers a range of customised and standardised quality steel products from its plants in Angul, Raigarh, and others. Its products include rails, beams and columns, plates and coils, angles and channels, round bars, and the highly popular Jindal Panther TMT Rebars.
Production Facilities of JSW Steel
JSW has 14 steel manufacturing facilities in India. Here are the company’s production capabilities in a glance.
| JSW Steel’s production capacity in India & USA | 28.5 MTPA |
| Steel plants in India | 14 |
| Iron ore mines | 13 |
| Expected steel capacity by 2025 | 38.5 MTPA |
JSW Steel Plant Locations in India
Here is a list of JSW Steel plant locations:
- Vijayanagar Works, Karnataka: It is JSW Steel’s integrated steel plant. The plant sprawls over 10,000-acres. Moreover, it houses India’s largest blast furnace. The plant has the capability to produce hot rolled coils and sheets, billets, etc.
- Dolvi Works, Maharashtra: JSW’s Dolvi plant is situated at a strategic location in Western Maharashtra. It is well connected to a jetty that can handle cargo of up to 15 MTPA.
- Kalmeshwar Works, Maharashtra: The plant is located near the city of Nagpur, which is again a strategic location. The central location enables JSW Steel to supply products all over the country.
- Salem Works, Tamil Nadu: JSW Steel’s Salem Works plant is India’s largest Special Alloy Steel Plant (Long products). Moreover, it was awarded the coveted Deming Prize for 2019.
- Tarapur Works, Maharashtra: The Tarapur Works plant produces galavnised products of JSW.
- Vasind Works, Maharashtra: It is the first plant of JSW Steel and has the capability to produce galvanising products, galvalume products and colour coated products.
- Bhushan Power & Steel plants: JSW Steel completed the acquisition of Bhushan Power and Steel in 2021. With this acquisition, the company now has plants in Chandigarh, Derabassi, Kolkata, and Odisha.
- Asian Colour Coated Ispat: JSW Steel completed the acquisition of Asian Colour Coated Ispat in 2020 and has acquired its steel plants located in the country.
- Global plants: JSW Steel has plants in the USA and Italy.
JSW Steel Product Range
The company supplies various kinds of steel products as raw material for several industries. Here is a list of some of the steel products that the company offers.
- Hot rolled steel coils: JSW Steel offers hot rolled steel coils with thicknesses of up to 25.4mm and widths of up to 2050 mm. The company manufactures these hot rolled steel coils at two of its facilities -Vijayanagar (Karnataka) and Dolvi (Maharashtra). The company’s Hot Strip Mill in Vijaynagar is capable of rolling coils of up to 2150 mm, which is said to be the widest in the country.
- Colour coated steel coils: Colour coated steel coils are corrosion resistant and durable. JSW Steel offers colour coated steel coils with a wide range of thicknesses, widths, colours and profiles. Coatings of different materials including regular modified polyester, silicon modified polyester, super durable polyester, poly vinylidene fluoride and vinyl coated metal are applied on these coils.
- Galvanised steel products: JSW Steel is one of the leading steel exporters in India and is known to be the largest manufacturer and exporter of galvanised steel products. The company’s range of galvanised products includes galvanised coils, galvanised corrugated sheets, etc. These products are manufactured in the company’s plants at Vijayanagar, Karnataka and Vasind, Tarapur and Kalmeshwar in Maharashtra.
- TMT bars: TMT bars is an example of one of the important raw materials for the construction industry. JSW manufactures TMT bars under the JSW Neosteel name, that offer enhanced strength and durability. They are developed with a high grade of purity of virgin iron ore. (Also read: JSW Neosteel price in India)
- Steel wire rods: JSW offers steel wire rods for a variety of applications. Some of the features include high-speed wire rod mills (120 mtr/sec), low sulphur and phosphorous content (0.005%-0.035%), etc. They can be used in multiple applications such as automobile, general engineering, welding, jewellery and cosmetics and so on.
- Others: Apart from the products mentioned above JSW also manufactures cold rolled steel coils, Galvalume, steel doors, special alloy steel products such as blooms, billets, rounds and so on.
Looking to procure JSW products? Easiest way to do is to log on to Tata nexarc. Post your requirements for steel and get quotes from multiple vendors. Select the one that suits you and get it delivered at your doorstep. Try now.
JSW vs. Tata Steel: Comparative Table (2025 Estimates & Targets)
Tata Steel and JSW are two of India’s leading steel manufacturing companies.
| Metric | JSW Steel | Tata Steel | Notes |
| Revenue/ Operating Income | ~ ₹1,68,824 crores (Revenue from operations in FY 2024-25). | ~ ₹2,18,543 crores (Revenue from operations in FY 2024-25). | Refer toTata’s report for exact consolidated revenue; their India net sales figures are partially available in financial tables. |
| Steel Production/ Capacity/Volume | Crude steel production in FY25: 27.791 million tonnes. JSW’s current production/capacity base ~ 35.7 Mt (planned) and aiming for 43.4 Mt by 2026.Expansion targets ~ 50 Mt by FY30 (per industry sources). |
Tata Steel India FY25 crude steel production: ~ 21.8 million tonnes (5% YoY growth).
Global capacity base: ~ 35 Mt of crude steel (group). Tata aims to scale India capacity to ~ 40 Mt by 2030 and increase recycling/green steel output. |
JSW is expanding more aggressively (both via brownfield and green initiatives), which gives a growth edge. |
| Expansion/Growth Targets | From ~35.7 Mt to 43.4 Mt by 2026 (≈ +21 %).
Long-term aim: ~ 50 Mt by FY30. Key projects: Dolvi Phase-3, green steel plant at Salav, etc. |
Kalinganagar Phase II expansion: capacity from 3 Mt → 8 Mt (₹27,000 crore investment).
India capacity to 40 Mt by 2030 via new projects / modernisation. Transition to low emission/EAF/scrap routes in Europe & Netherlands as part of decarbonisation. |
JSW’s roadmap is more aggressive in percentage growth in near term. Tata has to balance legacy global assets and decarbonisation costs. |
| Sustainability/ Carbon/Green Steel Goals | Renewable energy capacity commissioned: ~1 GW, additional 1.5 GW approved.
Pursuing green hydrogen / green oxygen routes for sustainable steel. Ambition to gradually reduce dependence on blast furnaces and integrate low-carbon steel methods. |
Net Zero target for group: 2045.
India segment: reduce emission intensity by 10–15 % over FY24-25 baseline by 2030. In Netherlands: replace one blast furnace with DRI-EAF; in UK, transition to EAF (3.2 Mt) by ~2027. |
JSW’s sustainability path is proactive (green hydrogen, renewables). Tata has higher legacy burden (European / blast furnace assets) but strong commitments and roadmaps. |
| Exports/Global Footprint | JSW has overseas operations (USA, Italy, etc.) and exports; about 30 % of revenue from overseas historically (per older data). | Tata Steel operates in 26 countries (India, UK, Netherlands, SEA).
Exports and global sales contribute materially to their consolidated numbers. |
The global footprint is larger for Tata (especially in Europe), but this also means higher exposure to decarbonisation costs, regulatory risk, and inefficiencies. |
*Image for representation only. Not actual.
Top Reasons for JSW’s Fast Growth
Here are some key strategic and operational reasons why JSW is showing faster growth momentum compared to Tata (or can outpace in certain segments):
Focused expansion in India with newer plants
JSW is building new capacity (Dolvi, Salav, etc.) which are modern, efficient, and often located near ports/logistics hubs. It avoids some of the drag from legacy brownfield retrofits.
Lean cost structures and efficiency
Being newer, many of JSW’s plants use modern technologies and avoid inefficiencies present in older plants.
Sustainability premium/green steel positioning
JSW is investing early in green hydrogen, renewables, and low-carbon pathways — which may help it access premium markets or incentives.
Less global legacy drag
Tata has substantial legacy assets in Europe (UK, Netherlands) with blast furnace infrastructure. The cost of transitioning those is high.
Better balance between flat & long products
JSW has expertise in flat steel, galvanised, coated products, whereas Tata has to juggle between long steel and flat steel across geographies.
Capital allocation & discipline
JSW appears to be targeting aggressive growth in the near term (21% jump planned by 2026) while maintaining financial discipline (debt/EBITDA metrics).
Domestic market tailwinds
Strong infrastructure, housing, and manufacturing demand in India benefit both, but JSW’s proximity and scale advantage help capture more share in growing states.
JSW Steel’s Future Plans (2025–2030)
Capacity Expansion: JSW Steel aims to raise its total steelmaking capacity from ~31.5 Mtpa to 50 Mtpa by 2030, driven by brownfield expansions at Vijayanagar, Dolvi, and Bhushan Power & Steel plants.
Green Steel Transition: The company plans to cut carbon emissions by 42% by 2030, with major investments in electric arc furnaces, renewable power integration, and low-carbon iron technologies.
Sustainability & Circular Economy: JSW is expanding scrap-based recycling and water conservation projects, and targets net-zero operations by 2050 under its “JSW Net Zero 2050” roadmap.
Global Growth & Exports: The company continues to expand overseas operations in the U.S. and Italy and strengthen exports to more than 100 countries, focusing on high-value automotive and specialty steel markets.
Conclusion
JSW Steel’s journey reflects India’s growing strength in the global steel industry. From its humble beginnings to becoming the world’s most valuable steel company, JSW continues to push boundaries through innovation and expansion. Its strong product portfolio, sustainability goals, and technological partnerships position it well for the future. As it scales up capacity and green steel initiatives, JSW is set to play a key role in India’s industrial growth. The company’s focus on efficiency and global competitiveness ensures that its momentum will continue well beyond 2025.
Looking to procure steel?
Tata nexarc helps manufacturers, builders and MSMEs source certified steel products, compare prices, and choose the right grade as per IS codes—with complete traceability and procurement confidence.
FAQs
What is the full form of JSW Steel?
Where are JSW Steel’s plants located in India?
What products does JSW Steel manufacture?
Is JSW Steel part of Jindal Group?
What is the difference between JSW Steel and Jindal Steel?
What is JSW Steel’s production capacity in 2025?
Who is the CEO of JSW Steel?
What is JSW’s plan for green steel or carbon reduction?
Why should MSMEs in India buy steel from JSW Steel?
How does JSW Steel compare with Tata Steel for MSMEs?
Swati is a passionate content writer with more than 10 years of experience crafting content for the business and manufacturing sectors, and helping MSMEs (Micro, Small and Medium Enterprises) navigate complexities in steel procurement, and business services. Her clear and informative writing empowers MSMEs to make informed decisions and thrive in the competitive landscape.
With 14 plants across India, JSW Steel seems like a reliable supplier for construction projects requiring large volumes of steel. Do they offer any discounts or programs for bulk purchases relevant to large construction projects?
We know about the rise of electric vehicles, how is JSW Steel adapting its product portfolio to cater to the needs of this growing market?
Recently JSW and Mahindra has done a joint venture to go ahead in the EV race.
We are wholesaler for GI SHEET .6 8OGSML
What is the GI Sheet rates in Bangalore? Pls share pricelist of different sizes and length.