The facility is scheduled to commence production in the fiscal year 2027. This will contribute significantly to the economy of Karnataka, a state located in southern India, and will boost employment in the region.
JSW also mentioned plans to expand the capacity of the facility to better meet the demand for grain-oriented silicon steel in the Indian market. This step will not only enable the company to cater to local demand but also enhance its ability to compete in international markets.
This joint venture is seen as a significant step towards strengthening India's leadership in the steel sector, resulting from the strategic collaboration between JSW and JFE Steel. This investment not only promotes regional development but also offers substantial potential in terms of technological innovation and collaboration.
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