JSW Steel Plans to Increase Domestic Capacity to 50 Million tons and Long Steel Product Portfolio Share to 35%
JSW Steel is planning to get a higher share of long steel products in their portfolio to meet the growing demand. They aspire to increase domestic capacity from 28.2 million tons to 50 million tons by 2030 and expect the share of long steel products- bars, wires and rods, to reach 35 per cent going […]
Rama Steel Tubes Signs Strategic Tie Up with JSW Steel
Rama Steel Tubes Limited (RSTL) and JSW Steel have signed a strategic tie-up, for the hot rolled coils (HRC) procurement used in RSTL’s steel tubes and pipes manufacturing, JSW-produced HRCs distribution in the entire western region, as well as manufacturing of value-added products, the pre- galvanized pipes, in agreement with JSW Steel Coated Products Limited. […]
JSW Steel Procures Land for Metal Recycling Plant in Maharashtra
JSW Steel has acquired the land at INR 23 crore, which is about 4 km away from its existing integrated steel plant in Dolvi village. The construction of the recycling plant will be completed in 12-18 months. December 20, 2022 JSW Steel, the flagship company of JSW Group, is planning to invest INR 175 crore. […]
Government to Seek Expression of Interest for Rashtriya Ispat Nigam’s Divestment
Regarding the divestment of Rashtriya Ispat Nigam and its subsidiary, the government seeks to achieve so by the end of January 2023. RINL is one of the top steel producers in the country. The Government of India (GoI) will invite Expression of Interest (EoI) for the divestment of Rashtriya Ispat Nigam Ltd (RINL) and its […]
JSW Steel to Establish a Facility in Andhra Pradesh, Entailing Investment of INR 8800 Cr
JSW will infuse the investment into the JSW Steel factory project which will be undertaken in two phases. The proposed investment has been approved by Andhra Pradesh SIPB. The Andhra Pradesh State Investment and Promotion Board (SIPB) has approved two proposals along with other proposals with an aggregate investment of INR 23,985 crore – as […]
JSW Steel Modifies its FY23 CapEx Plan to INR 15,000 cr
Earlier, the CapEx plan of JSW Steel was INR 20k crore, which has now been modified to INR 15k crore. December 1, 2022 JSW Steel Ltd., an Indian steel manufacturer and a flagship company of the JSW Group, has modified its CapEx plans for the current fiscal to INR 15,000 crore. Earlier, the initially planned […]
JSW Steel Orders High-Productivity Straightening Lines from Danieli
The investment in Danieli’s straightening lines will allow up to 15 percent energy consumption and full-line setup time savings at JSW Steel’s JSW Salem Works. Mumbai, India-headquartered JSW Steel Ltd has ordered two complete straightening lines from Italian technology provider Danieli Group for the conditioning of rolled steel bars for JSW Salem Works. As stated […]
