JSW steel capacity expansion proj set in motion

Mumbai, July 13: One of the leading integrated steel manufacturer of the country, JSW Steel Ltd, today set in motion the capacity expansion project at its plant in Vijaynagar.

Once completed by 2010, this state-of-the-art facility will be able to produce 10 million tons per annum (MTPA). The completion of this initiative will also make JSW Steel the largest production facility in a single location.

At present, the Vijayanagar plant has an installed capacity to produce 7 MTPA of steel. The project would involve latest equipment being installed at this facility, it would also include the largest blast furnace in India being set up here.

Sajjan Jindal, Vice-Chairman&Managing Director, JSW Steel, said, ''India's thrust on infrastructure development will continue to drive the demand for steel in the coming years. The growing fixed asset investments in the emerging economies will see a growing demand for steel.'' The JSW Steel Ltd., belonging to JSW group, part of the USD 4.6 billion O P Jindal Group, is one of the lowest cost Steel producers in the world. The group has diversified interest in mining, carbon steel, power, industrial gases and port facilities.

UNI