The Indian corporation JSW Group intends to invest between 500 and 600 billion Indian rupees (approximately $5.8–7 billion) in the development of its “green” metal production plant in the city of Salav, Maharashtra. This was reported by The Statesman. According to JSW Chairman and Managing Director Sajjan Jindal, the new plant will focus on exporting products to Europe, which is currently implementing a cross-border carbon emissions adjustment mechanism (CBAM).
This is reported by Business • Media
The investment project is planned to be implemented over three to four years.
Green Metal Production Strategy for the European Market
“We will establish a separate metallurgical plant with a capacity of 10 million tons per year, specializing in the production of environmentally friendly steel aimed at the European market”, Jindal emphasized. He stated that initially, the facility will operate on natural gas, but there are plans to transition to hydrogen-based technologies to produce steel with zero carbon content.
The director also noted that the Indian steel sector needs protection from the threat of dumping by foreign producers, particularly from China. He stated that the country’s still-developing steel industry must receive sufficient resources for investment and production expansion.
It is worth noting that India’s steel industry is experiencing rapid growth. In the financial year 2025, its production capacity reached 205 million tons per year, which is 10% more than the previous year (186 million tons). Over the past decade, this figure has nearly doubled, reflecting the country’s economic development, urbanization processes, and active government investments in infrastructure.