JSW Steel to increase Vijayanagar plant capacity by 38%

JSW Steel chairman and managing director Sajjan Jindal has said the company has decided to increase the capacity of its manufacturing plant in Vijayanagar, Karnataka to 18 million tonnes per annum (MTPA).

“Our plan is to take to the next step to 18 MTPA from 13 MTPA,” the leading integrated steel manufacturer’s chief was quoted as saying by PTI.

JSW Steel had announced in June this year its plans to invest Rs 75 billion until March 2020 to increase the production capacity at its Vijayanagar facility to 13 MTPA.

He further said that the work will be started there in the next two years. However, when asked as to how much money is the company going to invest in the expansion, he said, “I don’t know the money numbers.”

Image Credit : static-news.moneycontrol.com

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