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JSW Steel’s Bellary plant to commence operations by end of this year: Report

05 Jul 2013 Evaluate

JSW Steel’s upcoming 2.3 million tonnes plant, which will produce high-grade automotive steel, is expected to commence operations in Bellary by December this year.  The company has invested about $ 1 billion for the plant, which is expected to generate about $ 2 billion of revenue once it attains full capacity.

The company is in talks with all the auto majors and most of them have approved its product quality. Japanese steel major JFE Steel is the technology partner for producing the auto-grade steel.

The new capacity will help JSW in meeting the demand of automobile industry for high end products like dual-phase steel and strip steel as well.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 179.10
Steel Authority 174.00
Jindal Stainless 732.40
APL Apollo Tubes 2119.90
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