Jindal Steel and Power Invests $4.4 Billion in 7 Million-Ton Expansion

Jindal Steel and Power Invests $4.4 Billion in 7 Million-Ton Expansion

JOHANNESBURG--March 19, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--With all the necessary infrastructure in place, Jindal Steel and Power Limited's (JSPL) plans to expand the steel output capacity at its Raigarh plant in Chhattisgarh will prove to be a less expensive investment than the construction of a greenfield project. The expansion will take place in two phases and will increase capacity by 7 million tons annually, with an investment of $4.4 billion.

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