Jindal Saw (JSL) plans to set up a 3 lakh tpa steel manufacturing plant along with a blast furnace and coke oven at Mundra in Kachchh district of Gujarat, with an investment of Rs.1,000 crore. The proposed plant, which is likely to get commissioned in the next 18 months, will help the company fulfill its steel requirements.

The proposed plant will serve as a raw material source for the company's seamless pipe making facility located in the same region. The project will be entirely funded through internal accruals.

The company will invest additional Rs.500 crore in setting up a blast furnace with a capacity of 3 lakh tpa of hot metal and a coke oven with 2 lakh tpa capacity. JSL has placed orders for equipment and hopes to start construction work by December 2008.

JSL recently increased capacity of its seamless pipes plant from the present 80,000 tpa to 2.5 lakh tpa at Mundra with an investment of Rs.400 crore. For this facility, the company has been sourcing raw material from domestic and overseas steel producers.

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Jindal Saw plans ship-building, repair hub in Gujarat (25-Jun-08)