JSW Steel to invest over Rs 5,000 crore on strengthening downstream manufacturing capacity


JSW Steel to invest over Rs 5,000 crore on strengthening downstream manufacturing capacity

JSW Steel plans to pump in over Rs 5,000 crore to strengthen its downstream manufacturing capacity and is also keen to pursue stressed downstream assets that will come up for bidding in the next round.

JSW Steel, which announced a capex investment programme of nearly Rs 45,000 crore to expand its capacities in Karnataka and Maharastra, is planning to invest over Rs 5,000 crore to strengthen its downstream manufacturing capabilities, company’s Joint MD Seshagiri Rao told PTI.

This will enable the company to re-orient its product mix and focus on high value special steel products and customisation, he said. Read More

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