Mukand Sumi Special Steel (MSSSL), a joint venture between the Bajaj Group and Japan's Sumitomo Corporation, has announced a major expansion with a Rs 2,345 crore investment. 

The company will establish a new greenfield integrated steelmaking facility in Kanakapura, Koppal, Karnataka. 

This expansion will double the company's production capacity to 700,000 tonnes per annum by early 2028. 

The new facility will focus on manufacturing high-performance steels for critical applications in the automotive, railways, and energy sectors. 

The project is designed with sustainability in mind, aiming to be a "zero liquid, solid, and gaseous discharge" plant, with over 95% of its energy needs met through renewables.