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

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