{"id":10001,"date":"2024-06-25T17:30:39","date_gmt":"2024-06-25T12:00:39","guid":{"rendered":"https:\/\/indiaepost.com\/?p=10001"},"modified":"2024-06-25T17:30:41","modified_gmt":"2024-06-25T12:00:41","slug":"jsw-steel-usa-to-invest-110-million-to-expand-renewable-energy-biz","status":"publish","type":"post","link":"https:\/\/indiaepost.com\/index.php\/2024\/06\/25\/jsw-steel-usa-to-invest-110-million-to-expand-renewable-energy-biz\/","title":{"rendered":"JSW Steel USA to invest $110 million to expand renewable energy biz"},"content":{"rendered":"\n<p>JSW Steel USA, a subsidiary of India\u2019s leading steel company, on Tuesday said it plans to invest $110 million in steel projects in the state of Texas.<\/p>\n\n\n\n<p>The company said this investment will enable the production of high-quality monopile steel plates to support the Joe Biden administration\u2019s new actions to expand offshore wind energy by deploying 30 gigawatts (GW) of offshore wind by 2030, enough to power 10 million homes with clean energy.<\/p>\n\n\n\n<p>JSW Steel USA is part of the $24 billion JSW Group, with over 800 employees.<\/p>\n\n\n\n<p>\u201cThe new investments will enable us to progressively deliver high-quality steel products while further defining our niche markets through a \u2018Made in America\u2019 speciality steel portfolio,\u201d said Parth Jindal, Director of JSW Steel USA.<\/p>\n\n\n\n<p>\u201cThese investments have the potential to significantly reduce US import reliance in the infrastructure and renewable energy sectors,\u201d he added.<\/p>\n\n\n\n<p>This portfolio expansion will also support the expanded development of the domestic renewable energy market by increasing JSW USA\u2019s service capacity towards its customers within the offshore wind market.<\/p>\n\n\n\n<p>These new projects, which further build upon JSW USA\u2019s recent $145 million investment in its Mingo Junction facility (Ohio), are expected to be completed and commissioned by FY26.<\/p>\n\n\n\n<p>\u201cWithout a doubt, the \u2018Lone Star State\u2019 is the best place to live, work and raise a family \u2014 and continued investment will ensure future growth and economic opportunities for the entire region. I\u2019m proud to represent JSW and am excited for what is in store,\u201d said Congressman Brian Babin, representing the 36th district of Texas and the city of Baytown.<\/p>\n\n\n\n<p>Atul Keshap, President of the US-India Business Council (USIBC), said through initiatives like this, the US and India will continue to see convergence based on trust, partnership and mutual progress.  AGENCIES<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JSW Steel USA, a subsidiary of India\u2019s leading steel company, on Tuesday said it plans to invest $110 million in steel projects in the state of Texas. The company said this investment will enable the production of high-quality monopile steel plates to support the Joe Biden administration\u2019s new actions to expand offshore wind energy by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[87],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JSW Steel USA to invest $110 million to expand renewable energy biz - indiaepost<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indiaepost.com\/index.php\/2024\/06\/25\/jsw-steel-usa-to-invest-110-million-to-expand-renewable-energy-biz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JSW Steel USA to invest $110 million to expand renewable energy biz - indiaepost\" \/>\n<meta property=\"og:description\" content=\"JSW Steel USA, a subsidiary of India\u2019s leading steel company, on Tuesday said it plans to invest $110 million in steel projects in the state of Texas. 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