off the back of the India story, JSW Steel has laid out an expansion plan to increase its capacity from 28.2 million tonnes (mt) to 37 mt by 2024-25 (FY25), with further ambitions to reach 50 mt in the medium term through brownfield expansion.
It also has its sights set on strategic acquisitions -- from coking coal assets in Canada and Australia, as well as assets from Vedanta and NMDC Steel.
Jayant Acharya, joint managing director and chief executive officer of JSW Steel, tells Ishita Ayan Dutt/Business Standard in an interview that the company will approach acquisitions selectively as long as they are value-accretive.
China’s December aluminium production grows 4.2%, leading to 2024 output to 1 million tonnes shy of the production cap
