The company will invest Rs 65,000 crore in the project, which will be set up in Jagatsinghpur district, Odisha.

Over the last three decades, the Company has grown from a single manufacturing unit to become India’s leading integrated steel company with a capacity of 29.7 MTPA in India and the USA. Its next phase of growth in India will take its total capacity to 38.5 MTPA by FY25. The Company’s manufacturing unit in Vijayanagar, Karnataka is the largest single-location steel plant in India with the current capacity of 12.5 MTPA, increasing to 19.5 MTPA by FY25.

Watch out for these large-cap stocks in Friday’s trading session!

The proposed investments will enhance JSW’s manufacturing capabilities in the USA.

Watch out for these large-cap stocks in Friday’s trading session!

Shares of the company gained over 3 per cent today.

On the day of the Union Budget 2023, the Sensex gained by 49.49 points to close at 59,708.08, while the Nifty 50 slipped by 45.85 points to close at 17,616.30

Among the Nifty top gainers were Adani Enterprises, Bajaj Finance, Ultra Tech Cement, Bajaj Finserv and HCL Technology

On Monday, the Sensex increased by 319.90 points to close at 60,941.67, while the Nifty 50 gained 90.90 points to close at 18,188.55

On Friday, the Sensex declined by 236.66 points to close at 60,621.77, while the Nifty 50 slipped 80.20 points to close at 18,027.65