Mukand Sumi Special Steel to Invest in New Steel Plant in Karnataka!
By Ashutosh Arora
Mukand Sumi Special Steel Limited (MSSSL), a joint venture between the Bajaj Group and Sumitomo Corporation, has announced plans to invest ₹2,345 crore in a new integrated steel facility in Kanakapura, Koppal district, Karnataka. The greenfield project, expected to be operational by early 2028 pending regulatory approvals, will double the company’s production capacity to 700,000 tonnes annually.
Established in 2018, MSSSL currently manufactures 350,000 tonnes of high-grade special steel each year, supplying critical products such as bars and wire rods to the automotive and engineering sectors. The new plant will feature jumbo bloom casters, advanced rolling mills, and cutting-edge testing facilities, enabling the company to produce specialized steel grades for powertrain systems, railways, and bearing applications.
Sustainability is central to the project, which will operate on a Zero Liquid, Solid, and Gaseous Discharge Model. More than 95% of its energy needs will be sourced from renewables, with future phases incorporating hydrogen-ready infrastructure and carbon capture technologies. This aligns with MSSSL’s broader commitment to achieving net-zero emissions by 2050.
The new facility, with a capacity of 0.35 million tonnes per annum, will cover iron making, steel making, and blooming mill operations. It will also integrate automation, digital systems, and flexible production capabilities to enhance efficiency and product quality.
This expansion reflects the rising domestic and global demand for high-performance special steels across automotive, energy, railways, infrastructure, and precision engineering sectors. MSSSL, which already serves leading Indian and international clients, aims to cement its position as a strategic supplier to global OEMs through this investment.
