On Monday, the Jindal South West (JSW) Group said that it will invest Rs 150 crore to set up a 1.2 lakh metric tonne color coated steel manufacturing facility in Jammu Kashmir, PTI reported.
The plant will be set up by group company JSW Steel, the JSW Group said in a statement.
“JSW has committed to setting up a state of the art color coated steel manufacturing facility of capacity 1,20,000 metric tons per annum along with special lines,” the statement said.
The statement also said that Steel sandwich panels and steel doors will be manufactured at the unit for the local market in Jammu Kashmir.
The statement, further, says that Union Home Minister Amit Shah on Monday presented land allocation papers to Sajjan Jindal, Chairman & Managing Director of JSW Group.
Reportedly, this facility will be set up with an investment of around Rs 150 crore at Lassipora, Pulwama in Kashmir.
Jindal said, “This facility shall provide immense benefits to local businesses and society in a meaningful way and provide employment opportunities to the local youth.”
JSW Steel is the flagship business of the diversified USD 13 billion JSW Group. The company has an integrated steel-making capacity of 27 million tonnes in India, and steel products like hot rolled, cold rolled, bare, TMT, wire rods and special steel, etc.