JSW readies for CBAM era with 4 mt green steel unit

JSW Steel Ltd, India's second-largest maker of the alloy, plans to establish a green steel manufacturing facility by 2030 as part of its response to the European Union's (EU's) Carbon Border Adjustment Mechanism (CBAM), said Jayant Acharya, joint managing director and chief executive.

- Naman Suri & Mihir Mishra

"We are looking to set up a lower carbon-emitting facility for steel in the western part of India, subject to board approval. With this, we will be able to provide low-carbon steel for both the international and domestic markets," Acharya said in an interview.

"It will have a capacity of 4 million tonnes (mt), and the plan is to start production by 2030. We are trying to complete it in two parts. We will do phase I (up to 2 mt) just before 2030, and the remaining construction will be going on and may spill over by one or two years."

However, Acharya did not divulge the funding outlay for the project or the timeline for project approval. "I cannot share anything more on the project. We will be seeking board approval."