JSW Steel plans Rs 150 cr investment for steel plant in Kashmir

29 Oct 2021 CW Team

JSW Steel told the media that it will be investing approximately Rs 150 crore to install a colour-coated steel plant in Kashmir.

The proposed downstream manufacturing plant having a capacity of 120,000 tonnes per annum will additionally house special lines to generate Steel Sandwich Panels and Steel Doors for the local market here in Jammu and Kashmir.

Home Minister Amit Shah, also presented land allotment papers to Sajjan Jindal for the same.

The land allotted to JSW Steel is held by the City and Industrial Development Corporation (CIDCO) and is part of an industrial park in Kashmir. JSW Steel plant, however, is the first to be housed there.

To be installed in Lassipora, Pulwama will add to the already existing capacity of 27 million tonnes.

Jindal told the media that this plant would render tremendous benefits to local businesses and society in a significant way and give employment opportunities to the local youth.

A team of two-three officials who are natives of Kashmir will be deployed at the plant, and then gradually, the team will be made.

Local hiring has also been already done for this plant, and presently, they are undergoing training at our Washim training centre.

By 2025, JSW Steel aims to generate 40 mt of steel yearly.

Image Source

Also read: JSPL will invest Rs 1 lakh crore in Odisha for next 10 years

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..