Important update on JSW Steel’s projects

JSW Steel

JSW Steel Limited has said three of its projects are likely to be commissioned in the third quarters of FY2019.

They are: Coke oven plant of 1.5 MTPA at Dolvi, Tin Plate with a capacity of 0.25 MTPA at Tarapur and Pipe conveyor project at Vijayanagar for iron ore transportation.

Recently, JSW Steel emerged as the preferred bidder for an iron ore mine in Karnataka, which went under the hammer in September.

According to an official document, the cumulative revenue from the block over the period of 50 years is Rs 17.05 billion with an additional contribution of Rs 14.49 billion through auction.

It further said that while the notice inviting tender (NIT) for the block was January 30 and auction took place on September 4.

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Author: Research Desk