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JSW Steel to Hike Tinplate Capacity to 0.6 million tonnes

Steel News - Published on Thu, 18 Jul 2019

Image Source: SteelGuru
ET reported that JSW Steel has planned fresh investment in adding tinplate capacity which may help it overtake Tata Steel’s subsidiary, Tinplate Company of India.
In the last financial year, JSW Steel spent INR 1575 crore in building a 250,000 tonne tinplate mill with related facilities at its Tarapur unit. The company has decided to set up another mill of similar capacity at an estimated cost of INR 1419 crore at the same location. The proposed mill, when commissioned, will take JSW Steel’s tinplate capacity to 600,000 tonnes a year, including one lakh tonnes from its 50% ownership in Punjab-based Vallabh Tinplate.

In its annual note to shareholders, it cited increasing demand for the sheet, used for making packaging material and other products, for adding capacity.

JSW Steel has not mentioned a timeline for commissioning the mill.

Source :

Posted By : Sanju Moirangthem on Thu, 18 Jul 2019
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