JSW Steel likely to complete expansion at Dolvi by 2019 end

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Kolkata, July 18 (IANS) JSW Steel, which is working on doubling capacity at its unit in Maharashtra’s Dolvi to 10 million tonnes per annum at an estimated cost of Rs 15,000 crore, is expecting to complete the expansion project by end 2019, an official said here Wednesday.

“The facility at Dolvi is undergoing an expansion. One full unit with a capacity of five million tonnes per annum is being set up there. Work is going on and is likely to be completed by end of 2019,” company’s President, Operations, Partha Sengupta said here on the sidelines of the Metal Conclave organised by Bengal Chamber of Commerce and Industry.

The estimated investment would be Rs 15,000 crore for the expansion, he said adding that the capacity at the Dolvi was enhanced to five million tonnes from three million tonnes recently.

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The steel maker had acquired the Dolvi unit from debt-laden Ispat Steel in 2010.

“The flat product capacity at the unit was enhanced after the acquisition and present capacity expansion is also on the flat,” said Sengupta.

He said expansion work has also been carried out at Vijaynagar.

–IANS

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