JSW Steel Limited announced a Memorandum of Understanding (MOU) was signed between the Ministry of Industry and Made in Italy, the Tuscany Region, the Municipality of Piombino and JSW Steel Italy SRL(JSW). This MOU is intended to commence & relaunch the Steelworks site of Piombino. Apart from doubling the current rail making capacity from 300,000 tonnes to 600,000 tonnes per annum, the investments at Piombino are aimed at making the Rail Mill more efficient, most modern, technologically advanced and best in class.

The project envisages setting up of Tandem Mill, Head Hardening facility and increase the length of rails from 108 to 120 meters. The MOU sets the conditions for efficient and sustainable state support for the production of rails. It is part of broader project to kickstart economic development of the region which also includes the restarting of the production of Steel Products to safeguard employment and reduce the import of steel products into Italy.

The MOU provides for four months of collaboration for execution of a Program Agreement i.e. Accordo di Programma(ADP) pursuant to Art. 252-BIS of the Consolidated Environmental Law.