In a bid to strengthen its downstream manufacturing capacity, JSW Steel is planning to invest over Rs 5000 crore. The company is also keen to pursue stressed downstream assets that will come up for bidding in the next round.
This will enable the company to re-orient its product mix and focus on high-value special steel products and customisation. The investment in downstream capabilities by JSW Steel is aimed at capitalising the incremental demand expected to be generated across sectors for specialised steel.
JSW Steel is one of the largest steel manufacturing companies in India having units in Karnataka and Maharashtra producing crude steel, long steel and flat steel products.