Mumbai, March 25 -- JSW Steel has now overtaken global steel giants ArcelorMittal and Nippon Steel to become the most valuable steel company in the world by market capitalisation, reaching Rs.2.6 lakh crore, media reports said.

The surge comes as its stock price has climbed 18% this year, Moneycontrol reported.

Global operations and expansion plans

The company operates integrated steel plants in Vijayanagar, Dolvi, and Salem, with additional facilities in the United States and Italy. Its current manufacturing capacity stands at 35.7 million tonnes (MT), and it aims to scale up production to 43.5 MT by FY28 and 51.5 MT by FY31.

JSW Steel's portfolio includes flat and long steel products, catering to industries such as automotive, const...