JSW Steel invests Rs 1K cr at Tarapur unit

Mumbai: JSW Steel, the flagship business of JSW group, on Friday began the roll-out of JAW Platina tinplate targeted at packaging industry.

The launch enables JSW Steel to tap the growing opportunity for tinplate products dominated by country’s packaging industry. India is one of the countries that have pledged to eliminate single-use plastics by 2022.

Jssw Steel said in a statement that JSW Platina offers a significant opportunity to become the most preferred and and sustainable packaging material for the future.

JSW Steel presently has an annual cumulative installed capacity of 3.5 lakh MT of tinplate, out of wich 1 lakh tonne is being produced by joint venture JSW Vallabh Tinplate and the balance at its newly established tinplate facility at Tarapur in Maharashtra.

Given the significant potential for the product to emerge as preferred packaging material, JSW Steel is doubling its tinplate manufacturing capacity at Tarapur to 5 lakh tonnes.

JSW Steel Ltd director for commercial, marketing and strategy Jayant Acharya said, “Our investment of close to Rs 1,000 cr in establishing our current tinplate making unit at Tarapur as well as its capacity expansion reflects the burgeoning opportunity for JSW Platina to become a preferred packaging alternative in India in the long term.