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JSW Steel proposes investment of upto $500 million

22 Jun 2018 Evaluate

JSW Steel has proposed an investment of upto $500 million in acquiring, enhancing & upgrading Acero Junction, an integrated steel manufacturing unit with a potential capacity of 3 MTPA, located at Ohio USA, in phases.

This takes JSW’s overall investment blueprint for the US market, to produce American melt and manufactured steel, to up to $1 billion. The proposed investment will be made in two phases at its Ohio steel manufacturing facility.

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 1259.00
Tata Steel 178.60
Steel Authority 178.75
Jindal Stainless 750.30
APL Apollo Tubes 2145.00
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