JSW to invest Rs 40,000 cr in 3 years/Lines up Rs 7,500-cr investments in TN

摘要

The 'JSW part of the Jindal group, which is managed by Mr Sajjan Jindal, plans to invest Rs 40,000 crore on various steel and power projects, over the next three years. JSW Energy Ltd, a part of this faction of Jindals, will come out with an initial public offering next year, to raise around Rs 5,000 crore, Mr Sajjan Jindal said today. Addressing a press conference here to disclose the group's plans for Tamil Nadu, Mr Jindal said that JSW "is willing to invest Rs 7,500 crore" in the State, mainly on two projects - doubling the capacity of Southern Iron & Steel Company Ltd (SISCOL) to 2 million tonnes (Rs 3,000 crore), iron ore mining to feed SISCOL (Rs 400 crore) and a 1,000-MW power plant (Rs 4,000 crore). Of the Rs 40,000 crore of investments, half would be in the steel sector (including SISCOL expansion). The group has plans to put up integrated steel plants in Jhark-hand and Chhattisgarh - 6 mt in each State. Various power projects will consume investments of Rs 12,000 crore. The other Rs 8,000 crore would be spent on the proposed foray into cement making, aluminium and building ports.