The government of the southern Indian state of Telangana has conducted a groundbreaking ceremony at the project site of a greenfield steel mill project proposed byJSW SteelLimited, a government official said on Wednesday, February 15.
The official said that groundbreaking was conducted at the 3,295 acres of land acquired by the state government in the Kadapa district forJSW Steelto construct a 3 million mt capacity steel mill in the first phase, entailing an investment of around $1.06 billion.
JSW SteelLimited is considering the next phase of capacity expansion by 10 million mt per annum taking group capacity to 40 million mt as most of its current capital expenditures are nearing completion.