JSW Vijayanagar Works to invest Rs 7,500 crore to increase its capacity

Bengaluru: JSW Steel on Wednesday announced its plan to increase the annual steel manufacturing capacity of JSW Vijayanagar Works to 13 million tonnes per annum by March 2020 at an investment of Rs 7,500 crores

In a press release, the firm said it has also launched various other upgradation and augmentation projects which were expected to result in substantial cost savings in operations over thelong-term.

The capacity expansion and upgrade projects being implemented at JSW Vijayanagar Works would entail a capital investment of Rs 7,500 crore until March2020, the release said.

At 12 million tonnes per annum currently, JSW Vijayanagar Works, located in the Ballari-Hospet iron ore belt, 380 kms from here, is said to be the largest state-of-the-art single location steel manufacturing unit in the country.

Listing out the projects initiated as part of the steel manufacturing capacity expansion at JSW Vijayanagar Works unit, the release said that its current project to revamp and upgrade capacity of blast furnace-3 at JSW Vijayanagar Works is on track, which would improve hot metal availability.

The company would modify and enhance capacity of its steel melting shop, the flat and long products mills, along with allied facilities to utilise this additional hot metal, the release said.