Jindal said such a step can ensure that this crucial

industry can move forward and start building capacities.

JSW Steel is on course to achieve its 40 million tonne capacity expansion by 2025 from the present 18 mtpa, he said.

"All the plans are on track to achieving the goal of having 40 mtpa capacity," he said.

This will call for both brownfield expansion and at least one greenfield project, he said but did not elaborate.

Asked if the group is keen on working in Iran's Chabahar Port, Jindal replied in the negative.

"Well, those are geopolitical ports and difficult areas," he said, talking about Chabahar where India has committed to build a port as part of its foreign policy initiatives.

"We're not so big as of now in port infrastructure. We do not have the management bandwidth to take up too many projects," Jindal said.

He said his company will work only in the UAE's Fujairah port, where it has already announced a greenfield project, for the time being.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)