JSW plans to open 600 steel retail outlets in next 2 years
JSW Limited plans to open 600 steel retail outlets in India in the next two years, the first of its kind in India, to provide best quality steel to customers at competitive prices.
By PTI |
HUBLI: JSW Limited plans to open 600 steel retail outlets in India in the next two years, 'the first of its kind in India', to provide best quality steel to customers at competitive prices, a top company official said on Tuesday.
"JSW is looking at opening 600 retail outlets in the next two years time to market steel in the country", Sajjan Jindal, JSW's Vice-Chairman and Managing Director, 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 (shops) will have on display and sale all types of JSW steel, ranging from HR coil to colour-coated steel.
"JSW aims at provide a unique experience of buying steel products through branded distribution channels," he said.
By March 2008, the company is looking at 25 such shops 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 up to 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.
"JSW is looking at opening 600 retail outlets in the next two years time to market steel in the country", Sajjan Jindal, JSW's Vice-Chairman and Managing Director, 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 (shops) will have on display and sale all types of JSW steel, ranging from HR coil to colour-coated steel.
"JSW aims at provide a unique experience of buying steel products through branded distribution channels," he said.
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By March 2008, the company is looking at 25 such shops 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 up to 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.
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