JSW Board Approves PPA to Procure Renewable power for Ongoing Operations

JSW Steel announced that its Board has approved a significant Power Purchase Agreement (PPA) to procure 1,637 MW of renewable power for its operations across Vijayanagar, Dolvi, Salem, and Anjar. Of this, 375 MW has already been commissioned, and an additional 580 MW is set to be commissioned by March 2025.

The Board has also approved further procurement for 600 MW of hybrid renewable energy (comprising 200 MW solar and 400 MW wind) at Dolvi, 60 MW at Salem, and 210 MW at JSW Steel Coated Products, bringing the total renewable energy capacity under procurement to 2,507 MW. These new capacities are expected to be operational by FY27 under the group captive norms in the Electricity Act.

Additionally, JSW Steel provided updates on its ongoing expansion projects

- Vijayanagar Plant: The Hot Strip Mill of a 5 MTPA project at Vijayanagar was commissioned in March 2024 by its subsidiary JSW Vijayanagar Metallics Ltd. (JVML). The Raw Material Handling System, Sinter Plant, and Blast Furnace have also been commissioned, with the Steel Melt Shop currently under commissioning. The project is expected to ramp up in Q4 FY25. Furthermore, the planned expansion of BF-3 (Blast Furnace) by 1.5 MTPA has been rescheduled to H1 FY26

- BPSL Expansion: Phase II expansion from 3.5 MTPA to 4.5 MTPA has been completed, with major equipment now operational.

- JSW Steel Coated Products Ltd: The 0.12 MTPA colour-coated line in Jammu & Kashmir has begun commissioning activities.

- Odisha Slurry Pipeline: The 30 MTPA slurry pipeline is progressing on schedule, with commissioning expected by FY27.

These developments reflect JSW Steel’s commitment to enhancing operational efficiency and transitioning to sustainable energy sources across its production facilities.