JSW JFE Electrical Steel Private Limited (J2ES), a 50:50 joint venture between JSW Steel Limited and JFE Steel Corporation, Japan, has announced a significant expansion plan for its Cold Rolled Grain-Oriented (CRGO) electrical steel manufacturing operations in India. This move comes amid rising domestic demand for high-grade electrical steel, critical for energy-efficient transformers and power equipment.
JSW JFE Electrical Steel Nashik Private Limited (J2ESN), formerly known as thyssenkrupp Electrical Steel India Private Limited, was acquired through Jsquare Electrical Steel Nashik Private Limited, a wholly owned subsidiary of J2ES. Located in Nashik, Maharashtra, J2ESN is among India’s first manufacturers of CRGO steel and currently operates at a capacity of 50,000 tons per annum (TPA). With this acquisition, J2ES has gained access to advanced technology, strengthening its value-added product portfolio.
In a major step forward, the Board of Directors has approved the expansion of the Nashik facility from 50,000 TPA to 250,000 TPA. The total estimated investment for this expansion project is ₹4,300 crore. Simultaneously, J2ES is enhancing its upcoming CRGO manufacturing facility at Vijayanagar, Karnataka. Originally planned with a 62,000 TPA capacity and an investment of ₹5,557 crore, the Vijayanagar facility will now be expanded to 100,000 TPA, with an additional investment of ₹1,545 crore.
Together, the incremental capital expenditure across both sites—Nashik and Vijayanagar—amounts to ₹5,845 crore. Of this, equity funding of ₹1,966 crore will be contributed equally by JSW Steel Limited and JFE Steel Corporation. Once commissioned in phases starting FY2028, these expansions will take the joint venture’s total CRGO manufacturing capacity to 350,000 tons per annum, positioning India as a significant player in the global electrical steel market.
JSW Steel, the flagship company of the US$ 23 billion JSW Group, stands as India’s top integrated steel producer with a consolidated capacity of 35.7 million tonnes per annum (MTPA), including 1.5 MTPA in the United States. The company is set to expand its capacity to 43.4 MTPA in the next three years. The Vijayanagar plant in Karnataka remains India’s largest steel-producing facility at a single location.
JSW Steel has formed a strategic alliance with Japan’s JFE Steel to provide high-value steel products for a wide range of industries. Globally recognized for its commitment to sustainability and quality, JSW Steel has been named a seven-time Steel Sustainability Champion by the World Steel Association and is a member of the Dow Jones Sustainability Index.
Over 80% of the company’s domestic production holds ResponsibleSteel™ certification. JSW Steel is dedicated to achieving net-zero carbon emissions across its operations by 2050 and plans to transition entirely to renewable energy by 2030. The company is consistently ranked among the top global steelmakers and is also regarded as one of the best places to work in India.
JFE Steel Corporation, one of the world’s leading integrated steel manufacturers, was formed in 2003 through the merger of NKK Corporation and Kawasaki Steel Corporation. The company operates multiple steelworks in Japan, along with several offices and affiliates worldwide.
With a corporate vision centered on “contributing to society with the world’s most innovative technology,” JFE Steel uses cutting-edge technologies and expertise to produce a broad range of products. In the fiscal year ending March 2025, JFE Steel reported consolidated sales of 3,365 billion yen and a total crude steel production of 23.20 million tons.
