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JSW Steel plans fresh investment to add tinplate capacity

Wednesday, 17 Jul 2019

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JSW Steel has planned to add fresh investment in augmenting the tinplate capacity. In FY19, JSW Steel spent Rs 575 crore in building a 2.5 lakh tonne tinplate mill with related facilities at its Tarapur unit in Maharashtra.

The company has decided to set up another mill of similar capacity at an estimated cost of Rs 419 crore at the same location. The company has cited increasing demand for the sheet used for making packaging material and other products for adding capacity.

The proposed mill, when commissioned, will take JSW Steel’s tinplate capacity to six lakh tpa, including one lakh tonne from its 50 percent ownership in Punjab-based Vallabh Tinplate. JSW Steel has not mentioned a timeline for commissioning the mill.