JSW Steel Spends $2 Billion Aluminium Project

The media had reports on March 06, 2007 that JSW Steel Limited plans to spend around $2 billion on an aluminium project in Andhra Pradesh.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

JSW Steel Limited has vide its letter inter-alia stated, "We clarify that JSW Steel is not taking up any Aluminum project. JSW Aluminum Company Limited belonging to the same group has signed an MOU with State Government of Andhra Pradesh for setting up an Aluminum project in that state. JSW Steel is no way connected with this project." -- www.nseindia.com