Current Date: 06 Oct, 2024

JAM Makes South India Debut with Rs 1,000 Crore Plant

Jindal Advanced Materials (JAM) has recently formalized an agreement with the Tamil Nadu government, marking a significant step towards establishing its inaugural manufacturing plant in South India. With a substantial investment of approximately Rs 1,000 crore, this pioneering facility is poised to be a groundbreaking venture for the company.

Spanning an extensive area of 250 acres in Trichy, the upcoming manufacturing plant is anticipated to be a catalyst for economic growth, creating employment opportunities for up to 3,000 individuals. As a distinguished manufacturer of composite materials, JAM aims to produce cutting-edge and 'innovative composite materials' at this state-of-the-art facility, representing the company's fourth plant in India. The phased development plan is set to make the plant operational within seven years.

Jindal Advanced Materials is steadfast in its commitment to sustainable development and technological innovation. The company's global perspective underscores the increasing preference for composites, driven by their inherent advantages such as lightweight properties, exceptional strength, corrosion resistance, and non-conductive attributes. JAM's foray into South India reflects its strategic vision for expansion and reinforces its role as a leader in the composite materials industry.

 

News by Rahul Yelligetti

Source : projxnews