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JSW Steel trims capital expenditure plans by 60% in US: Report

18 Sep 2019 Evaluate

JSW Steel has reportedly trimmed its capital expenditure plans by 60% in the US to $400 million due to weak demand and a slowing economy. However, the company has decided to go ahead with its Rs 15,000 crore capex plan in India.

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 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
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