JSW to become largest domestic steel maker by April

16 Mar 2011 Evaluate

JSW Steel is all set to become the country's largest steel maker by next month, surpassing state-run Steel Authority of India (SAIL), with the commissioning of 3.2 million tonne per annum blast furnace at its Vijaynagar plant in Karnataka.After the new capacity addition, JSW will be able to produce 14.3 million tonne per annum steel, 0.4 million tonne more than SAIL.

At present, the company has a steel making capacity of about 7.8 million tonne per annum at its Vijaynagar and Salem units.It entered into a deal in December to acquire 41.29% stake in loss-making Ispat Industries having a capacity of about 3.3 million tonne per annum.

By 2020, the Sajjan Jindal-led company is aiming to produce 34 million tonne of steel annually with greenfield integrated steel plants coming up in West Bengal and Jharkhand, while adding further capacities at the Vijaynagar and Salem units.On the other hand, SAIL currently has a production capacity of about 13.8 million tonne per annum and is aiming to expand it to over 60 million tonne per annum by 2020.

Recently, JSW had announced plans to set up a new 2.3 million tonne per annum cold rolling mill capacity in two phases at its Vijaynagar plant at an estimated investment of about Rs 4,000 crore.crackcrack

JSW Steel Share Price

976.80 32.90 (3.49%)
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Company Name CMP
Tata Steel 142.80
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SAIL 112.70
Jindal Stainless 671.75
Jindal Saw 296.70
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