JSW plans to open 600 steel retail outlets in next 2 yrs

JSW plans to open 600 steel retail outlets in next 2 yrs

Hubli: JSW Ltd plans to open 600 steel retail outlets in India in the next two years to provide best quality steel to customers at competitive prices.

“JSW is looking at opening 600 retail outlets in the next two years time to market steel in the country," JSW Vice-Chairman and Managing Director Sajjan Jindal told a news conference here.

The reason for wanting to open such retail outlets was the variation in steel prices from company to company, he said

Jindal pointed out that India uses only 50 million tonnes of steel every year, compared to 500 million tonnes in China.

He said the exclusive JSW showrooms (shoppes) will have on display and sell all types of JSW steel, ranging from HR coil to colour-coated steel.

“JSW aims to provide a unique experience of buying steel products through branded distribution channels," he said.

By March 2008, the company is looking at 25 such shoppes in South and West India.

JSW’s steel production at its two plants in Karnataka and Tamil Nadu at present is around 4.8 million tonnes. “By next year, production is expected to go upto eight million tonnes per annum," Jindal said.

With steel plants coming up in West Bengal and Jharkhand, JSW group’s steel production is expected to increase to 30 million tonnes by 2020, he added.