JSW Steel Italy Piombino SPA (JSW Italy), a wholly owned subsidiary of JSW Steel, has signed a Development Contract with the Ministry of Enterprise & Made in Italy, the Tuscany Region and l’Agenzia Nazionale per l’Attrazione Degli Investimenti e lo Sviluppo d’Impresa SPA.
The Development Contract intends to revive the historically important industrial site ‘Steelworks of Piombino’, by way of modernisation of the facilities and enhancement of industrial activity.
As per the contract, JSW Steel Italy Piombino S.P.A. is being provided a grant of €33 milion from the Italian Government.
The grant is towards the development of the Rail Mill Modernisation Project being implemented by JSW at Piombino at an estimated project cost of €143 million. This project will nearly double the capacity of the Rail Mill from about 0.32 MTPA to 0.6 MTPA which will also enable JSW Italy to enhance the length of the rails being made at JSW Italy from 108 meters to up to 120 meters.
Published on April 18, 2025
