Mumbai, 25 October 2021 (GNI):In line with the personal commitment of Mr. Sajjan Jindal to contribute to the progress of the country, and his policy of “Nation First”, JSW has committed to set up a state of the art “Color Coated Steel” manufacturing facility of capacity 120,000 metric tons per annum along with special lines to produce “Steel Sandwich Panels” and ‘Steel Doors” for the local market here in Jammu and Kashmir.
Hon’ble Union Minister for Home, Govt. of India Sh. Amit Shah Ji on Monday presented land allocation papers to Mr Sajjan Jindal, Chairman & Managing Director of JSW Group and Chairman of World Steel Association (WSA).
This facility will be set up with an investment of around Rs 150 Crs at IDC, Lassipora, Pulvama.
Sajjan Jindal, Chairman JSW Group said, “This facility shall provide immense benefits to local businesses and society in a meaningful way and provide employment opportunities to the local youth.” This is a humble contribution of the JSW Group, to spur the economic rejuvenation of Jammu and Kashmir.
JSW Steel is India’s leading integrated steel company with capacity of 27 Million Tons domestically and supplies a wide gamut of steel products that includes Hot Rolled, Cold Rolled, Bare & Pre-painted Galvanized & Galvalume®, TMT, Wire Rods and Special Steel.
JSW Steel has been consistently maintaining its leadership position in exports of steel products since the year 1995 and exports to over 100 countries in the world. By 2025, JSW Steel aims to produce 40 million tons of steel annually, stated in the press release.
About JSW Steel: JSW Steel is the flagship business of the diversified US$ 13 billion JSW Group. As one of India’s leading business houses, JSW Group also has other business interests in sectors such as energy, infrastructure, cement, paints, sports and venture capital. JSW Steel has grown from a single manufacturing unit in early ’80s to become India’s leading integrated steel company with a steel-making capacity of 28 MTPA in India & USA, including capacities under joint control & new capacity to be commissioned at Dolvi during this year. Its roadmap for the next phase of growth includes a target of achieving 37.5 MTPA steel capacity by FY25. The Company’s manufacturing unit in Vijayanagar, Karnataka is the largest single location steel-producing facility in India with a capacity of 12 MTPA. JSW Steel has always been at the forefront of research and innovation. It has a strategic collaboration with global leader JFE Steel of Japan, enabling JSW to access new and state-of-the-art technologies to produce & offer high-value special steel products to its customers. These products are extensively used across industries and applications including construction, infrastructure, automobile, electrical applications, appliances etc. JSW Steel is widely recognized for its excellence in business. Some of its key honours and awards include World Steel Association’s Steel Sustainability Champion (consecutively from 2019 to 2021), Leadership Band Rating (A-) in CDP (2020), Deming Prize for TQM for its facilities at Vijayanagar (2018) and Salem (2019), DJSI RobecoSAM Sustainability Industry Mover Award (2018) among others. JSW Steel is the only Indian company to be ranked among the top 10 global steel producers by World Steel Dynamics for 10 consecutive years. As a responsible corporate citizen, JSW Steel’s carbon reduction goals are aligned to India’s Climate Change commitments under the Paris Accord. Ends
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