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JSW Steel update on supplies of Neosteel TMT Rebars for metro projects

Capital Market 

Metro rail project orders to boost JSW Steel's supplies by over Rs 600 cr in FY20

JSW Steel announced that the company during the months of October and November supplied more than 30,000 metric tonnes high quality JSW Neosteel TMT Rebars towards construction of Metro projects in various Indian cities.

This takes the company's overall supplies of JSW Neosteel TMT Rebards for metro construction projects to more than 85,000 metric tonnes so far in this fiscal.

In current financial year, the company expects to increase its supplies to the Metro Rail projects to about 150,000 metric tonnes as compared to its supplies averaging 100,000 metric tonnes per year over the last few years.

The ongoing as well as those already completed during the current fiscal will boost JSW Steel's supplies to Metro rail projects by more than Rs 600 crore following successful completion of these deliveries.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 03 2019. 11:05 IST