Jindal - Severfield Reeve Structures to invest Rs 500 cr in steel sector

JSW Severfield Structures Ltd (JSSL), a joint venture between JSW Steel and UK-based Severfield Reeve Structures, plans to invest around Rs 300 crore for expanding the capacity of its Vijayanagar unit. It also plans to spend Rs 200 crore for setting up new specialty steel plants in West Bengal and the Delhi region in the next two years. These plants will fabricate steel into special structures, which will cater to the need of construction and infrastructure sectors. In the first phase, the Vijayanagar unit can produce 35,000 tonne of fabricated steel a year. The capacity will be expanded to 90,000 tonne in a year. While the investment for setting up the unit was around Rs 200 crore, the company would infuse Rs 300 crore more for expanding its capacity. The facility will provide customers with a total package from design through to erection on site. Contact: JSW Severfield Structures Ltd. Website: www.jssl.in