March 26, 2018 / 6:14 AM / 9 months ago

BRIEF-JSW Steel unit & Office Of Governor, Texas Sign Memorandum Of Cooperation

March 26 (Reuters) - JSW Steel Ltd:

* SAYS JSW STEEL (USA) INC & OFFICE OF GOVERNOR, TEXAS USA SIGN MEMORANDUM OF COOPERATION

* SAYS FUNDS TO BE USED FOR BACKWARD INTEGRATION; TO CREATE MELT AND MANUFACTURE CONTIGUOUS PLATE AND PIPE FACILITY IN TEXAS

* SAYS ‍​INTENDS TO CONSIDER INVESTMENT OF UP TO $500 MILLION TO EXPAND ITS OPERATIONS IN TEXAS, USA

* SAYS OFFICE OF GOVERNOR, TEXAS USA APPROVES $3.4 MILLION GRANT FROM TEXAS ENTERPRISE FUND TO CO

* SAYS JSW STEEL (USA) TO BE REBRANDED AS JSW USA

* SAYS THIS CAPEX PROGRAMME IS EXPECTED TO BE COMPLETED BY MARCH 2020 Source text - bit.ly/2G68HqD Further company coverage:

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