JSW Steel calls for faster domestic raw material development to meet India's steel goals

JSW Steel Ltd called for faster development of domestic iron ore mines and increased investment in coal washeries to support India’s long-term steel capacity goals. Acharya, the company's joint managing director and chief executive officer, noted that expanding production requires a stronger raw material supply chain, even as the country seeks to reduce import dependence. These comments come amid national targets aiming to scale crude steel capacity to 600 million tonnes by 2047.

The remarks highlight that while India possesses substantial mineral reserves, many mines are currently non-operational or unexplored, which restricts raw material supply. This constraint is critical as steelmakers plan major capacity additions and rely heavily on coking coal, historically sourced internationally.