JSW Steel plans massive capacity expansion
JSW Steel yesterday announced that it will hike up its steel capacity by 37 per cent in the next two years, seeing the profits for the previous quarter and rising steel prices.
JSW has acquired the title ofIndia’s largest steel maker and is trying to be far ahead from the competitor TATA Steel. Currently, JSW Steel is awaiting NCLT approval for Monnet Ispat and Energy (MIEL) acquisition.
The scaling up need to record levels is the anticipated jump in domestic steel consumption and also the government push for infrastructure projects as well as strengthening consumer demand.