As per recent release by BSE filings, company highlighted that the manufacturing operations in all of our locations have since been either scaled down or suspended (in certain locations).
Consequently, the capacity utilization is expected to go down significantly during this period of lock-down. The Company has taken the decision to scale down / suspend production to support the cause of containment of the pandemic COVID-19, notwithstanding the exception to manufacturing units with continuous operation and the units producing essential commodities (Steel is classified as an essential commodity under the Essential Services Maintenance Act, 1981 (ESMA)).
As per sources, the expansion and construction projects of downstream units have been stopped.
JSW Steel has installed capacity of 18 MnT pa. JSW Steel’s manufacturing facility at Vijayanagar, Karnataka is the largest single location steel-producing facility in India with a capacity of 12 MnTPA.
Leave a Reply