Jindal Steel and Power to increase steel capacity

Thursday, 01 July 2004 17:12:23 (GMT+3)   |  
       

Jindal Steel and Power to increase steel capacity

Indian steel producer Jindal Steel and Power Ltd has recently announced that it plans to increase its annual long products capacity, which is currently 1.5 million tons, to 2.15 million tons by March 2006. The company will invest Rupees 12 billion (approx $262 million) for this project. Rupees 4.8 billion ($104.5 million) of the total investment will be funded through accrual sources. The capacity increase is planned to be materialized through establishment of coke oven plant, sinter plant, blast furnace and melting shop.

Tags: Longs Jindal 

Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

UAE-based ESA cuts wire rod prices for April despite better demand

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Asian wire rod market tumbles amid pessimism in China

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

MOC: Average steel prices in China down slightly during Mar 18-24

28 Mar | Steel News

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet