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JSW Steel plans to increase capacity at Bellary plant

01 Dec 2014 Evaluate

JSW Steel is planning to turn its Bellary plant into world’s largest single-site steel plant by increasing its capacity from 10 million tonne to 20 million tonne by 2022.  The company is setting up 500 km slurry pipeline to import iron-ore into the Vijayanagar plant in Bellary from a port near Goa. This 500 km pipeline from Jaigarh near Goa to Bellary district would cost about Rs 2000 crore and the same will come up over the next two years.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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