JSW Steel is set to double its production capacity to meet the burgeoning demand in India's steel market, which has seen consumption rise from 100 million tonnes to 160 million tonnes over the past six years. Joint Managing Director Jayant Acharya highlighted that the company must add 20 million tonnes of capacity by 2032 to maintain its 40% market share in hot-rolled flat steel. The expansion will primarily be funded through internal cash generation, with the company projecting an EBITDA of ₹37,000 crore (approximately $4.5 billion USD) at a capacity of 37 million tonnes. Acharya noted that JSW Steel's current net debt-to-EBITDA ratio stands at 1.8x, with a target to remain below 2.5x, providing ample room for the planned capital expenditure. Additionally, JSW Steel sees Europe as an increasingly irrelevant market due to its structural challenges, while domestic demand continues to absorb the company's capacity. The firm is also cautious about green steel production, currently limited to 4 million tonnes, citing economic viability issues with hydrogen-based production methods.