Jindal India plans to invest Rs 1,500 crore to expand production capacity

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The story "Jindal India plans to invest Rs 1,500 crore to expand production capacity" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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Jindal India plans to invest Rs 1,500 crore to expand production capacity - Business Standard

Quick Summary:

"Jindal India announces a capex spend of over Rs 1,500 crore to effect a strategic capacity expansion of 0.6 Million MT, a 60 per cent increase from its current capacity of 1 million metric tonne per annum," it said.

Jindal India, a downstream steel player, on Thursday announced its plans to invest Rs 1,500 crore to increase its annual production capacity to 1.6 million tonne.

The expansion focuses on the production of coated flat products, pipes, and crash barriers, the company said in a statement.