Extend corporate tax cut to brownfield projects too: JSPL MD
April 17, 2021
Jindal Steel and Power Ltd Managing Director VR Sharma×
As no new investment has come recently, says VR Sharma
In the absence of new investments, brownfield projects of the domestic steel industry must be given the central government’s corporate tax rate cut, Jindal Steel and Power Ltd (JSPL) Managing Director VR Sharma said.
“We are requesting the central government to extend tax cuts to brownfield projects,” Kumar said at a webinar by CARE Ratings on Friday. “Steel plants take two to five years to commence production. JSPL, JSW, SAIL, ArcelorMittal, and others have brownfield projects, but no new investment has been made recently.”