Mukand Sumi Special Steel announces ₹2,345-crore capacity expansion  Business News & Hub

Mukand Sumi Special Steel Ltd. (MSSSL), a joint venture between Jamnalal Sons Private Ltd. (Bajaj Group) and Japan’s Sumitomo Corporation, has announced to set up a greenfield integrated steelmaking facility at Kanakapura, Koppal, Karnataka, at an investment of ₹2,345 crore.

Once it is commissioned in 2028, the company said its production capacity will increase to 7,00,000 tonnes per annum.

Crucial development

“This investment represents a crucial development in MSSSL’s long-term growth strategy. This capital investment is currently subject to environmental clearances,” the company said. Vipul Mashruwala, President, Mukand Sumi Special Steel Ltd. said, “This expansion marks a significant milestone in our long-term growth roadmap. We are investing in sustainable and future-ready technologies that will strengthen our position in the global special steel market.” Designed as a sustainability-first plant, the new facility will follow a zero liquid, solid, and gaseous discharge model, with over 95% of energy needs met through renewables, the company said. MSSSL has committed to achieving net-zero steel manufacturing by 2050, and this expansion forms a critical milestone.

Future phases will integrate hydrogen-ready infrastructure and carbon capture technologies, the company said.

The project will see the commissioning of a 0.35 million tonnes per annum integrated steel plant and will include iron making, steel making, and blooming mill facilities.

The investment also focuses on flexibility, automation, and digital integration to ensure that product quality is consistent and energy use is optimised, the company said.

The expansion will sharpen the company’s focus on critical applications in automotive, railways, oil and gas, energy, and bearing steel, it said.

Once commissioned, the production capacity will increase to 7 lakh tonnes per annum, the firm said