JSW Steel Ltd.

JSW Steel has received an approval to form a wholly owned subsidiary (WOS) of the company by the name of JSW Utkal Steel or such other name as may be approved by the Registrar of Companies, with an initial investment of up to Rs 150 crore to undertake preliminary studies and for other costs. The Board of the company at its meeting held on October 31, 2017 has approved the same.

The company as a part of its growth strategy proposes to set up a steel plant in the State of Orrisa. Orrisa provides a wonderful opportunity to build one of the World's lowest cost & port based pellet & steel producing facilities and could be the next destination in the company’s growth path to achieve its vision.

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.