In a major development announcing the start of private investment in militancy-hit Kashmir, Sajjan Jindal-led JSW Steel has laid the foundation stone of the Steel plant at Pulwama in south Kashmir.
“Proud to announce that we have laid the foundation stone for our New Steel Processing unit in Pulwama - the heart of #Kashmir ! Contributing to the growth of the beautiful state of Jammu Kashmir,” said Sajjan Jindal, Chairman and Managing Director of JSW Group.
The Jindal group becomes the first major investor to set its footprint in Kashmir after abrogation of article 370 in 2019. The Rs 150 crore steel plant is being set up at 70 kanals of land (8.75 acres) acquired by JSW Steel Limited in the Lassipora industrial area of Pulwama.
The manufacturing plant with a capacity of 120,000 metric tonnes per annum will also house special lines to produce Steel Sandwich Panels and Steel Doors for the local market in J&K. JSW Steel is India’s leading integrated steel company with a capacity of 27 million tonnes domestically and supplies a wide gamut of steel products that include hot rolled, cold rolled, bare and pre-painted galvanized and galvalume, TMT, wire rods and special steel.