JSW Steel Ltd.
BSE: 500228 | NSE: JSWSTEEL
Large Cap | Steel & Iron Products
1245.55
21.15 (1.73%) JSW Steel to invest $150 million in first tranche to set up plant in Texas
Date: 29-10-2018JSW Steel will invest around $150 million in the first tranche in a bid to set up its new steel facility in Texas. JSW Steel (USA) Inc is setting up the technologically advanced and eco-friendly electric arc furnace, slab caster and plate mill. The new facility is expected to be the only melt-and-manufacture plate mill with a contiguous pipe mill in North America. The plant will be built on 111 acres at JSW USA's 700-acre Baytown campus and expected to be completed by March 2020.
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.