Thursday, 24 October 2013

Jindal Steel rises on expectation of doubling steel production capacity

Jindal Steel and Power is expecting to double its steel production capacity to 10 million tonnes. In this regard, the company will invest Rs 20,000 crore in three years. At present, the company’s facilities are spread across Raigarh in Chhattisgarh (1 million tonne), Angal in Odisha (2.5 million tonne) and Oman in West Asia (2 million tonne).

The company will add 3.5 million tonnes per annum to its existing facility at Angal, while another one million tonne will be added to the Chhattisgarh unit through operational efficiencies.

JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.

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