The Jindal group’s JSW Steel has proposed investing up to Rs.100 billion ($2 billion) in West Bengal
Sajjan Jindal, vice-chairman and managing director of JSW Steel who met Chief Minister Buddhadeb Bhattacharjee on Monday, indicated that the investment could be made in downstream steel units. He said his company officials were studying feasible areas of investment and a decision would be taken in six months.
The Jindal group has presence in different areas, including power generation, infrastructure and auto component. It had to shift its proposed steel plant in Jharkhand due to lack of iron ore supplies.
Paramashish Ghosh Roy has more on the story.