JSW Steel Ltd said on Monday it would invest up to $500 million for expanding its operations in Texas as part of a memorandum of cooperation between its US unit and the Texas Governor's office.
As part of the memorandum, the governor has also approved a grant worth $3.4 million from the Texas Enterprise Fund to JSW Steel (USA) Inc, the steelmaker said in a statement.
The plant, which will come up at Baytown, will create at least 500 jobs in his state, Abbott said.
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.