Saturday, 16 Jul 2011
JSW Steel is set to become the biggest steel maker in the country surpassing state owned Steel Authority of India Ltd by this month end after a key blast furnace is commissioned at its Vijayanagar of Karnataka, plant.
The company has already fired up the fourth blast furnace which will increase the capacity of the plant by 3.2 million tonne per annum to 10 million tonne per annum. Full scale production will begin by this month end.
A company spokesman said that “The blast furnace is not yet commissioned. Once it is done, we will make a formal announcement.”
The expansion will increase the total capacity of JSW to 14.3 million tonne per annum ahead of 14 million tonne per annum of SAIL. JSW has 1 million tonne per annum capacity at Salem and 3.3 million tonne per annum through its acquisition of Ispat Industries in December 2010, where the company owns up to 45%.
(sourced from DNAIndia)
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