JSW Steel Ltd.
6.10 (0.50%) JSW Steel gets nod from Andhra Pradesh SIPB to set up steel plant in Kadapa
Date: 14-12-2022Andhra Pradesh State Investment Promotion Board (SIPB) has given an approval for JSW Steel's proposal to set up a steel plant in Kadapa at a cost of Rs 8,800 crore. The company will invest Rs 8,800 crore in two phases for setting up the steel plant in Sunnapurallapalli village in Kadapa district.
In the first phase, JSW Steel will invest Rs 3,300 crore in the proposed plant and one million tonnes of steel per annum will be produced in the first year. Later, the plant will be upgraded to two million tonnes per year in the second phase and will eventually reach three million tonne capacity per annum.
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.