JSW Steel slashes its capex plan for FY25 by up to ₹4k cr; co defers Vijayanagar blast furnace-3 expansion

JSW Steel will reduce its capital expenditure for this fiscal by ₹3,000-4,000 crore. The company postpones expanding blast furnace-3 at Vijayanagar to next year and transfers its slurry pipeline to JSW Infrastructure. JSW will spend ₹16,000-17,000 crore on capex this year instead of the planned ₹20,000 crore.