JSW Steel eyes packaging market, to invest Rs 1,000 cr in tinplate capacity

JSW Steel is investing close to Rs 1,000 crore in tinplate capacity, in tandem with India’s pledge of eliminating single-use plastics by 2022.

JSW Steel has an annual installed capacity of 350,000 tonnes tinplate of which 100,000 tonnes are being produced by its joint venture, JSW Vallabh Tinplate. The balance 250,000 tonnes, at the newly established facility in Maharashta’s Tarapur, are being doubled to 500,000 tonnes in a bid to capture the growing packaging market.

JSW is also rolling out JSW Platina, a premium tinplate targeted at the packaging industry.

Jayant Acharya, director of commercial, marketing & strategy for JSW