JSW Steel on Saturday said that its wholly owned subsidiary, JSW Vijayanagar Metallics Ltd has commissioned its Hot Strip Mill (HSM) at its integrated steel plant at Vijayanagar with a capacity of 5 MTPA and has made its first dispatch.
“We hereby inform you that the JSW Vijayanagar Metallics Ltd, (JVML) a Wholly-owned subsidiary of the company, has today, successfully commissioned its Hot Strip Mill (HSM) at its integrated steel plant at Vijayanagar with a capacity of 5 MTPA and has made its first dispatch,” the company said in a regulatory filing.
The HSM facility, JSW Steel added, has capability of manufacturing plates, coils and is equipped with advanced features such as digital reheating furnaces, evaporative cooling system and waste heat recovery system, attached edger in finishing mills for accurate width control, auto steering control, uniform mechanical properties and production of superior value added grades.
The HSM facility was lit-up on March 17, 2024, and after the completion of trial runs and quality and delivery testing, the commercial manufacturing and sales have commenced.
Earlier in January, JSW Steel had released its third quarter earrings with profit at Rs 2415 crore, up 392.9 per cent in comparison to Rs 490 crore during the third quarter of FY23. It had posted revenue from operations at Rs 41,940 crore, up 7.2 per cent in comparison to Rs 39,134 crore during the corresponding quarter of previous year.