JSW Steel Ltd.

JSW Steel, the flagship company of $11 billion Indian conglomerate JSW Group, is planning to set up a Second Steel Processing Center in India's Automobile hub Pune (Maharashtra) with its JV partner Marubeni Itochu Steel Inc Tokyo, (MISI). The first Phase of the project is expected to come on stream by FY-2014 with an installed capacity of 180,000 tonnes per annum and will be scaled upto 360000 tonnes per annum in Phase 2.

The project will be set up at a capital cost of Rs 204 crores and will be funded through 50% equity and 50% debt element. The joint venture company is equipped to process flat steel products such as hot rolled, cold rolled and coated products with a view to offer just in time solutions to the automotive, white goods, construction and other value added segments.

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.