JSW Severfield Structures (JSSL), an equal joint venture between JSW Steel and UK-based Severfield Reeve Structures, today started its commercial production of fabricated steel with an initial capacity of 35,000 tonnes per annum at Vijayanagar.
It plans to invest Rs 100 crore over the next two years.
"With the commencement of commercial production of this fabricated steel plant at Vijayanagar in Karnataka, we have started a new phase for promoting the greater usage of structural steelwork in the country.
The facility will provide customers with a total package from design through to erection on site," JSW Steel's Vice-Chairman and Managing Director Sajjan Jindal told reporters after inaugurating the new plant at Vijayanagar.
The company has already invested Rs 200 crore to have an initial capacity of 35,000 tonnes per annum and plans to ramp-up it to 90,000 tonnes in the next two-years.
"We have already invested Rs 200 crore in JSW Severfield Structures and plan to invest another Rs 100 crore to expand capacity to 90,000 tonnes per annum by 2012. We would set up more facilities in the country in the coming years," he said, adding "they would come up in West Bengal and Delhi in the future."
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The company, which entered into a JV with UK-based Severefield Reeve Structures two-years ago, has started commercial production.
Referring to the current order-book of JSSL, Jindal said that it stood at around Rs 70 crore.
"We have received large orders from four clients but as of now the order book stands at Rs 70 crore of this fabricated steel," he said.