Steel Investment

JSW and Japan's JFE Steel to jointly invest ₹5,845 crore to boost cold rolled grain-oriented steel output in Nashik and Vijayanagar amid rising demand for energy-efficient materials

Apart from a 1.1 mt plant, Neelachal Ispat Nigam has iron ore mines with reserves of 90 million tonnes and 2,500 acres of land providing scope for future expansion

Steel companies witnessed a contraction in margins, dragged down by lacklustre demand and lower global commodity prices

Two-thirds of these investments are from JSW Steel, Tata Steel and Bhushan Steel