New Delhi, April 15 -- JSW Steel chairman and managing director Sajjan Jindal said on Tuesday the company will invest over Rs.50,000 crore over the next three-four years to create 10 million tonnes per annum of green steel capacity at a plant near Mumbai.

The investment is necessitated because of a European mandate on green steel.

"We will be investing Rs.50,000-60,000 crore for the green steel capacity," Jindal told reporters on the sidelines of an event in Mumbai.

He also said that this will be a brownfield investment at its plant in Raigad district's Salav.

Last month, the steelmaker had announced plans to raise the green steel capacity at Salav to 4 MTPA in phases.

Jindal further said that the 10 MTPA capacity will emit a fifth o...