JSW Steel to increase Vijayanagar plant manufacturing capacity to 13 mn tonnes

KOLKATA: JSW Steel has said it will increase the annual steel manufacturing capacity at its Vijayanagar Works to 13 million tonnes per annum (mtpa) by March 2020. The capacity expansion and upgrade projects will entail a capital investment of Rs 7,500 crore until March 2020, an official statement saidAt 12 mtpa currently, JSW Vijayanagar Works is the largest single location steel manufacturing unit in the country. The expansion project at JSW Vijayanagar Works includes the company’s current project to revamp and upgrade capacity of Blast Furnace-3 which will improve hot metal availability. The company will also modify and enhance capacity of its Steel Melting Shop, the flat and long products mills, along with allied facilities to utilize this additional hot metal. With these projects targeted to be completed by March 2020, the crude steel capacity of JSW Vijayanagar Works unit will increase to 13mtpa, an official statement said. JSW will also set-up a 1.5 mtpacoke oven plant at Vijayanagar to bridge the current and expected gaps in coke availability and is likely to be commissioned by March 2020. The coke oven unit is expected to provide significant cost savings for the company over the longer termCommenting on the capacity enhancement initiatives at JSW Vijayanagar Works, Vinod Nowal, Deputy Managing Director, JSW Steel said:"With steel consumption in India expected to grow these capacity enhancement initiatives will ensure our readiness to promptly service emerging customer demand.”

from The Economic Times https://ift.tt/2tGmURS