JSW Steel, the largest steel manufacturer in India, plans to invest up to Rs 240 billion in the upcoming year, representing a 50% increase from the prior fiscal period.

This capital expenditure supports the company’s strategy to scale up annual production capacity from 31.9 million tons to 48.8 million tons by 2030, driven by heavy government investments in Indian transport and logistics networks.

Financially, JSW Steel reported a 14.2% year-on-year revenue increase to Rs 511.8 billion for the quarter ending March 31. Net profit surged to Rs 163.7 billion, supported by a one-time income from the Bhushan Power and Steel (BPSL) business.

Future growth projects include an approved 5-million-ton brownfield subsidiary expansion budgeted at Rs 260 billion.

However, the company flagged prolonged Middle East supply chain disruptions and high energy prices as potential inflationary risks.