March 26, 2018 / 6:29 AM / 8 months ago

JSW Steel to invest up to $500 mln to expand Texas operations

March 26 (Reuters) - JSW Steel Ltd said on Monday it would invest up to $500 million to expand its operations in Texas as part of a Memorandum of Cooperation between its U.S. unit and the Texas Governor's office.

As part of the memorandum, the governor has also approved a grant worth $3.4 million from the Texas Enterprise Fund to JSW Steel (USA) Inc, the steelmaker said in a statement here. (Reporting by Vishal Sridhar in Bengaluru; Editing by Gopakumar Warrier)

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