JSW Steel, part of the JSW Group, is planning to borrow USD 750 million for capital expenditure as it targets major capacity expansion, aiming to almost double its steel output to 50 million tons by the end of the decade. The Mumbai-based company recently started work on a USD 7.8 billion complex in eastern India and is reportedly interested in a 20% stake in Whitehaven Coal s Blackwater coal mine.
Ford's Chennai plant has been on the block since Ford’s exit, a result of its mounting losses aggravated by the slowdown that gripped the passenger vehicle market due to the COVID-19 pandemic.