Hit by the pandemic, Sajjan Jindal-led JSW Steel has slashed its capital expenditure plans for FY21 by almost 45 per cent to Rs 9,000 crore. The company had initially earmarked Rs 16,340 crore. Plans to double the capacity of its Dolvi plant in Maharashtra to 10 million tonnes (MT) have also been delayed by six months, primarily due to shortage of manpower and material. Tata Steel Europe, which was in discussion with the UK government for a Euro 500-million relief package, has restarted negotiations with Germany's Thyssenkrupp for a possible merger almost a year after the two firms called off a joint venture proposal citing the European Commission's objections. Both companies are now planning to sell off some of their assets to meet Europe's anti-competition norms. Besides, Tata Steel has also taken huge loans for building the Kalinganagar plant in Odisha, where it is raising the capacity from 3MT to 8MT.