JSW Steel acquires land in Maharashtra for recycling plant

JSW Steel intends to invest 175 crore in a metal recycling plant at Pen in Maharashtra’s Raigad district, in collaboration with New Zealand’s metal recycler National Steel Holdings.

JSW Steel, the Group’s flagship, has purchased 30.5 acres of land in Pen, about 4 kilometres from its existing 10 million tonne per annum (mtpa) integrated steel plant in Dolvi. The land parcel was purchased by the company for Rs. 23 crore.

In August, the company announced a 50:50 partnership with National Steel Holdings to establish scrap shredding plants using industry-leading machinery, technical know-how, and relevant processes.

JSW Steel estimates that the project will take 12-18 months to complete after land acquisition, which should take one to two months. He stated that the recycled steel will be used in the steel manufacturing plant at the Dolvi plant. Once this project is completed, the joint venture company will replicate it at the company’s other steel plants.

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