JSW Steel is all set to complete the expansion at its Karnataka plant before schedule as it is in advanced stages of commissioning its second cold rolled mill (CRM-2) to manufacture high end products like automotive grade steel at Toranagallu in Bellary district in August this year.
Following this, the expansion of the steel plant will go up to 12.3 million tonnes from 10 million tonnes currently. The CRM-2 will see an investment of Rs 4,200 crore.
The company’s total installed capacity to produce automotive steel will increased to 3.3 million tonnes per annum after the commissioning of this plant. The company had invested Rs 1,150 crore to set up the one million tonnes CRM plant, which is already operational.
