Mumbai: Sajjan Jindal-owned JSW Steel said on 25 January that it has re-commissioned one of its unit after modification to produce galvalume, a zinc-aluminium coated steel product.
JSW Steel, which holds a licence from BIEC International Inc, USA, is the first Indian company to produce galvalume sheets known for corrosion resistance and heat reflectivity, the company said in a filing to the Bombay Stock Exchange.
With this licence, the company would have continuous access to latest product innovations and process refinements, ensuring a product of highest international standards, it said.
“With the pre-engineered building industry coming up very fast in India, JSW Steel will benefit by its ability to cater to the growing demand of this product which is currently dependent on imports,” said Jayant Acharya, vice president (sales and marketing), JSW Steel.
“The added advantages of this product will take the construction standards in India to a much higher level,” Acharya said.
Shares of the company were trading at Rs 940, up 6.17% on the BSE.