JSW Steel Ltd.

JSW Steel, part of JSW Group, is planning to invest about Rs 5,000 crore on various capital expenditure projects by the end of March 2016. Currently, the company has a capacity of 14.3 million tonnes (MT) across two integrated steel plants in Maharashtra and Karnataka. The company aims to add 4 MT to increase its capacity to 18.6 MT by the end of FY16.

Meanwhile, the company has decided to close its non operational subsidiaries,  JSW Steel Service Centre (UK), Argent Independent Holdings and JSW Steel East Africa.

JSW Steel is part of the JSW group which, in turn, is a part of the O P Jindal group. 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.