JSW Steel shares surged over 3% after wholly-owned subsidiary commissions hot strip mill at Vijayanagar Plant.
JSW Vijayanagar Metallics, a wholly-owned subsidiary of JSW Steel, has commissioned its hot strip mill (HSM) at the integrated steel plant in Vijayanagar, Karnataka.
The HSM facility has the capability to manufacture plates and coils and is equipped with advanced features such as digital reheating furnaces, an evaporative cooling system, a waste heat recovery system, an attached edger in finishing mills for accurate width control, auto steering control, uniform mechanical properties, and the production of superior value-added grades, the company said.
The hot strip mill will have a capacity of 5 MTPA and has already made its first dispatch, the company added.
The HSM facility was introduced on March 17. Following successful trial runs for quality and delivery testing, commercial manufacturing and sales have now begun.
As of 9:45 am, the shares were trading 3.20% higher at ₹856.80 on the NSE.
