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JSW Steel Ltd To Set Up Steel Processing Centre With Marubeni-Itochu Steel Inc

Tuesday, 1 Oct 2013 04:26am EDT 

JSW Steel Ltd announced that it plans to set up a Second Steel Processing Center in India‚Äôs 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 fiscal 2014 with an installed capacity of 180,000 tonnes per annum and will be scaled upto 360000 tonnes per annum in Phase two. The project will be set up at a capital cost of INR2.04 billion 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. 

Company Quote

-43.4 -3.55%
25 Jul 2014