Comments
Jindal Steel plans to complete the new plant in Karnataka that can produce steel for automobile industry by December. The company is investing $1 billion on the plant.
JSW Chairman and Managing Director Sajjan Jindal said that the plant has a potential to generate $2-billion revenue in two years when it achieves a full capacity of 2.3 million tonnes. In the first year, the company expects to generate $1 billion.
Earlier, the company said that the plant will be ready in August. The plant helps automobile firms to do away with imports. Imports are put at $800-$1,000 a tonne.
kurmanath.kanchi@thehindu.co.in
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.