JSW group to invest Rs 1 trn in Karnataka in five years, say Sajjan Jindal

This is in addition to the Rs 1 trillion already invested in the state, and would be in steel, green energy, cement, paints and a new greenfield port

Industrialist Sajjan Jindal, who is the chairman of the JSW Group, said on Wednesday that his group was planning to invest Rs 1 trillion over the next five years in all its Karnataka-based businesses.

Jindal, 62, was speaking at the Global Investors Meet in Bengaluru, when he made the announcement. The group has already invested Rs 1 trillion in the state. The additional investment would be in steel, green energy, cement, paints and a new greenfield port, he said.

JSW operates a steel plant in Vijayanagar, Karnataka which is located in the Ballari-Hospete iron ore belt. With a current capacity