July 25, 2008

JSW Steel to setup PEB unit

JSW Steel Limited announced that its board of directors at its meeting held on May 5th 2008 has approved the proposal to set up a subsidiary to manufacture and sell Pre Engineered building structures.

JSW release said that “PEBs are gaining momentum in India. The Indian Corporate implementing large projects are increasingly using the Pre Engineered steel buildings due to the distinct advantage of saving in construction time of about 30% to 50% in total project schedule, better look and durability.

The release added that “PEB unit will consume steel plates, galvanized, color coated and galvalume products thus giving a captive buyer for JSW Steel. In addition, this will be an opportunity for JSW Steel to enter into high end solutions using Steel products as the base.”