JSW Group to Invest $120 Bn for World's Largest Steel Plant in Maharashtra

JSW Group, led by Chairman Sajjan Jindal, announced an investment of ₹1 lakh crore (approximately $120 billion USD) to build the world's largest steel plant in Gadchiroli, Maharashtra. The plant will have a capacity of 25 million tonnes per annum and is expected to be completed in seven to eight years, with the first phase ready in four years.

Gadchiroli in Maharashtra has significant reserves of high-quality iron ore. The region has significant reserves of high-quality iron ore, with a grade of nearly 64%, making it one of the best sources globally.

The planned Gadchiroli plant will surpass the current largest plant in India, which is the Steel Authority of India Limited (SAIL) plant in Bhilai with a capacity of 7 million tonnes.

The Gadchiroli steel plant will have a capacity of 25 million tonnes per annum, making it the largest in the world.

Iron ore in Gadchiroli was first discovered by Jamshedji Tata in the early 1900s. However, mining activities were limited due to the presence of Maoist insurgents until recent years.

The entire plant is expected to be completed in seven years, with the first phase ready in four years. The plant aims to be the most beautiful and environmentally friendly steel-making facility in the world.

The project is expected to boost employment opportunities and economic growth in the Vidarbha region. This project is part of JSW Group's broader vision to develop the Vidarbha region as a steel hub, which could significantly impact India's steel production and economy.

The state government plans to develop Gadchiroli and the surrounding areas into a steel hub, with multiple steel ventures planned in the district.