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Jindal Steel and Power Ltd would increase its investment in Odisha from Rs 45,000 crore to Rs 1 lakh crore by 2030

in Business November 13, 2018 Comments Off on Jindal Steel and Power Ltd would increase its investment in Odisha from Rs 45,000 crore to Rs 1 lakh crore by 2030 823 Views

Bhubaneswar:13/11/18 :Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal on Monday said the company would increase its investment in Odisha from Rs 45,000 crore to Rs 1 lakh crore by 2030.

Among others, the investment will go towards raising the capacity of Angul steel plant from 6 million tonne per annum (MTPA) currently to 20 MTPA, doubling the number of jobs to 1 lakh in the process, said Jindal at the plenary session of the Make in Odisha Conclave here.

“In 2003, we started setting up a 6-MTPA steel plant in Odisha based on indigenous raw materials. And for the first time in the world, we set up a steel plant based on coal gasification. But after de-allocation of the same (coal blocks) following the Supreme Court order, it was very challenging for us,” he said.

But with the encouragement from the Odisha government, JSPL began putting up India’s largest and most modern blast furnace, largest sinter plant, coke oven and steel-making factory, he added.

Along with the steel plant at Angul, which is Odisha’s largest steel plant, JSPL is operating a 9-MTPA pellet plant at Barbil.

JSPL is setting up an industrial park at Angul.

“People coming to our industrial park will not face any of the challenges vis-a-vis land, water or electricity that we faced. We are going to make all these very very smooth,” he assured.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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