Chennai: JSW Group is all set to invest Rs. 7,525 crore in Tamil Nadu in four different projects by the next three years (2010).

The company’s new investment plan would create employment for around 10, 000 people directly and indirectly.

The initial project involves the utilization of the iron ore available at Kanjamalai in Salem and Thiruvannamalai zones by establishing mining and beneficiation facilities with a total investment of Rs. 400 crore.

The second plan includes doubling up the steel making capability at the company’s subsisting SISCOL steel plant to 2 million tones. The company will spend around Rs 3,000 crore Rs. 3,000 crore once the iron ore production from the two mines commences.

Under the third project, the company will establish a one-million tonne slag grinding facility at its existing SISCOL plant that costs around Rs 125 crore.

The fourth and the last investment will be in the power segment. JSW is also thinking over a 1,000 MW power plant with an outlay of Rs. 4,000 crore.

Sajjan Jindal, Vice-Chairman and Managing Director, JSW Steel has stated that the company would commence its mining functioning on 640 hectares after receiving all the necessary authorization from the State as well as Central governments.

JSW Energy, the energy division of JSW Group, has decided to establish a power plant in Tamil Nadu. It will tap the capital markets by next four months to lift around Rs 3,000-Rs 5,000 crore via IPO by April 2008 to fund its energy projects.     
     
JSW Cement is involved in the route of keying out limestone mines at Salem in Tamil Nadu to establish a grinding unit with a capacity of four lakh tonnes. It would set up one unit each having a capacity of two million tonnes and three million tonnes respectively, in Andhra Pradesh and Karnataka using fly ash.

JSW Aluminium is having plans to set up an alumina plant in the first phase with a capacity of 1.6 million tonnes at Visakhapatnam in Andhra Pradesh.