JSW Steel to invest up to $500 million to expand Texas operations

(Reuters) - JSW Steel Ltd said on Monday it would invest up to $500 million to expand its operations in Texas as part of a Memorandum of Cooperation between its U.S. unit and the Texas Governor's office.

As part of the memorandum, the governor has also approved a grant worth $3.4 million from the Texas Enterprise Fund to JSW Steel (USA) Inc, the steelmaker said in a statement https://bit.ly/2GcK9s1.

(Reporting by Vishal Sridhar in Bengaluru; Editing by Gopakumar Warrier)