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via economictimes.indiatimes.comBusiness & Companies

JSW Steel and JFE Add 5 MT Steel Capacity at Odisha JV Plant

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

JSW Steel and JFE Steel have entered into a mutual agreement to enhance their joint venture steel initiative in Odisha. With a notable investment of Rs 7,500 crore from both parties, this ambitious project targets an increased production capacity of 9.5 million tonnes by FY31.…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA Rs 7,500 crore investment lifting capacity to 9.5 million tonnes is relevant for India's steel sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01JSW Steel and JFE Steel agreed to expand their Odisha joint venture.
  2. 02The combined investment is Rs 7,500 crore.
  3. 03Production capacity targets 9.5 million tonnes by FY31.

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