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.
