JSW group plans $40-bn splash
Nevin John / Mumbai August 1, 2008, 0:40 IST Lines up investments in steel, power sectors to profit from booming demand. The Sajjan Jindal-controlled JSW group plans to spend around $40 billion (around Rs 1,60,000 crore) for steel and power projects to cash in on the growing demand in the country. "JSW Steel will increase its steel capacity to 32 million tonnes from the current 4.8 million tonnes, while JSW Energy will build 15,000-mw thermal power capacity. These projects will be completed by 2020," said Sajjan Jindal, vice-chairman and managing director, JSW Steel.