Tuesday, 05 Jul 2011
JSW Steel is all set to become the country's largest steel maker, dislodging state run SAIL, with the commissioning of 3.2 million tonnes blast furnace at its Vijayanagar plant in Karnataka by mid July.
After the new capacity addition, JSW will be able to produce 14.3 million tonnes per annum steel, 0.7 million tonnes more than the Steel Authority of India.
A source said that "An announcement of this sort is likely to be made sometime next week. The Vijayanagar plant will have a total production capacity of 10.2 million tonnes, post commissioning of the fourth blast furnace."
JSW's steel producing portfolio includes 3.1 million tonne per annum capacity of Ispat Industries also, which was acquired in last December. Its Vijayanagar and Salem units are currently producing about 7.8 million tonne per annum.
Besides SAIL and JSW, TATA Steel and Essar Steel are two other big domestic producers, having a capacity of 7 million tonne per annum and 8 million tonne per annum respectively.
(Sourced from ET)
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