Mukand Sumi Special Steel Limited (MSSSL), a joint venture between India’s Bajaj Group and Japan’s Sumitomo Corporation, has announced plans to set up a greenfield integrated steelmaking facility in Kanakapura, Koppal, Karnataka, with an investment of ₹23.45 billion. The project is subject to environmental clearances and is expected to commence operations by early 2028.

The upcoming facility will have a production capacity of 0.35 million tonnes per annum (MTPA), effectively doubling MSSSL’s total annual capacity to 700,000 tonnes. This expansion will further consolidate the company’s position as one of India’s leading producers of special steel.

Since its inception in 2018, MSSSL has been producing around 350,000 tonnes annually, supplying specialised bars, wire rods, and secondary products across 400+ grades for the automobile and engineering industries. The new plant will be designed for critical applications in automotive, railway, oil & gas, energy, and bearing steel sectors.

In line with its sustainability roadmap, the facility will operate on a Zero Liquid, Solid, and Gaseous Discharge Model, sourcing more than 95% of energy needs from renewables. It will also incorporate hydrogen-ready systems, carbon capture technologies, and advanced automation with digital integration across ironmaking, steelmaking, and blooming mill operations.

MSSSL has set a long-term goal of achieving net-zero steel production by 2050, and this expansion marks a major milestone in that journey. The investment is also expected to bolster India’s presence in the global special steel value chain by meeting rising demand for high-grade, sustainable steel solutions.