MSSSL Plans New Greenfield Steel Plant to Boost Output

At order to increase output, Mukand Sumi Special Steel Ltd (MSSSL) intends to build a greenfield integrated steelmaking facility at Kanakapura, Koppal, Karnataka, for Rs 2,345 crore.  By increasing MSSSL's production potential to 700,000 tonnes annually, the joint venture between Japan's Sumitomo Corporation and India's Bajaj Group hopes to establish MSSSL as one of India's top producers of special steel.

The demand for premium special steel in industries like engineering and automotives has increased as a result of India's infrastructure development and "Atma Nirbhar Bharat" initiatives.  MSSSL was established in 2018 and provides 350,000 tonnes of special steel products annually, mostly to the automotive and engineering sectors. The company prioritizes quality and collaborates with both domestic and international producers.

In response to the increasing demand, MSSSL has invested in state-of-the-art technologies, a Jumbo bloom caster, and modern rolling facilities to enable the production of critical grades for powertrains, railroads, and bearings.

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According to Vipul Mashruwala, President, Mukand Sumi Special Steel Limited, “This expansion marks a significant milestone in our long-term growth roadmap. Guided by the forward-looking vision of our Chairman, Niraj Bajaj, we are investing in sustainable and future-ready technologies that will strengthen our position in the global special steel market.

By enhancing our manufacturing capabilities, we are not only responding to the evolving demands of our customers but also aligning ourselves with the broader national objective of self-reliance. Our aim is to deliver exceptional value to our customers while building a future-ready, responsible steel ecosystem.”