New Delhi, Aug. 14 -- Jindal Steel, led by billionaire Naveen Jindal, plans to expand its steelmaking capacity to about 21 million tonnes (mt) by 2032 as newly appointed managing director and chief executive V.R. Sharma looks to bring greater leadership stability at the company and focus its expansion on specialised steel.

Currently, the Jindal brothers-Naveen Jindal and Sajjan Jindal-hold 51 million tonnes (mt) of installed capacity, giving them just under a fourth of India's 220 mt installed capacity. By 2030, the two brothers aim to reach a combined annual capacity of at least 100 mt, accounting for a third of the country's planned 300 mt target. Sajjan Jindal-led JSW Steel is targeting 80 mt within this timeframe, while Jindal Steel ...