JSW Steel to invest $110 mn in Texas steel projects to support wind energy expansion

By Editor


JSW Steel USA, a subsidiary of India’s leading steel company, announced its plan to invest $110 million in steel projects located in Texas.

This strategic investment aims to produce high-quality monopile steel plates, which are essential for supporting the Biden administration’s initiative to expand offshore wind energy. The administration’s goal is to deploy 30 gigawatts (GW) of offshore wind by 2030, potentially powering 10 million homes with clean energy.

JSW Steel USA, part of the $24 billion JSW Group, employs over 800 people. Parth Jindal, Director of JSW Steel USA, emphasized that this investment would enable the company to deliver premium steel products and enhance its market presence with a ‘Made in America’ specialty steel portfolio. He noted that these investments could significantly reduce the United States’ reliance on imports for infrastructure and renewable energy sectors.

The investment is also set to bolster the development of the domestic renewable energy market, enhancing JSW USA’s capacity to serve customers in the offshore wind sector. This move builds on JSW USA’s recent $145 million investment in its Mingo Junction facility in Ohio, with the new projects expected to be completed and operational by FY26.

Congressman Brian Babin, representing Texas’ 36th district, praised the investment, highlighting Texas as an ideal state for living, working, and raising a family. He expressed optimism about the economic opportunities the investment would bring to the region.

Atul Keshap, President of the US-India Business Council (USIBC), remarked that initiatives like this would strengthen the US-India relationship through trust, partnership, and mutual progress.

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