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JSW Group to set up Rs 150-crore steel unit in J&K

SRINAGAR: JSW Group on Monday said it will invest Rs 150 crore to set up a 1.2 lakh metric tonne color coated steel manufacturing facility in Jammu and Kashmir. The plant will be set up by group company, JSW Group said in a statement.

"JSW has committed to setting up a state of the art color coated steel manufacturing facility of capacity 1,20,000 metric tons per annum along with special lines," it said.

Steel sandwich panels and steel doors will be manufactured at the unit for the local market in Jammu and Kashmir, the statement said.

According to the statement, Union Home Minister Amit Shah on Monday presented land allocation papers to Sajjan Jindal, Chairman & Managing Director of JSW Group.

This facility will be set up with an investment of around Rs 150 crore at Lassipora, Pulwama in Kashmir.

Jindal said, "This facility shall provide immense benefits to local businesses and society in a meaningful way and provide employment opportunities to the local youth."

JSW Steel is the flagship business of the diversified USD 13 billion JSW Group. The company has an integrated steel making capacity of 27 million tonne in India, and steel products like hot rolled, cold rolled, bare, TMT, wire rods and special steel etc.

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PTI