JSW Steel has acquired 51% stake in Neotrex Steel, an under-construction project to produce low relaxation pre-stressed concrete (LRPC) strands, from the JSW Group promoters’ company Everbest Consultancy Services.
- JSW will invest INR 96 crore to set up a 144,000 t/year of LRPC strand unit, with a cumulative investment of INR 340 crore.
- The project is expected to be completed by Apr’23.
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