JSPL to increase its investment to Rs. 100000 Crore in Odisha


· Shri Naveen Jindal thanked people of Odisha and Government for their support

· JSPL enhance capacity of its Angul steel plant from 6 MTPA to 20 MTPA

· JSPL to set up private industrial park at Angul to encourage MSME.

Bhubaneswar: Encouraged by the support received from people of Odisha and the State Government, Jindal Steel & Power Ltd (JSPL) will increase its investment in Odisha from Rs. 45000 Crore to Rs. 100000 Crore by 2030. This was announced by JSPL’s Chairman Shri Naveen Jindal today at the plenary session of Make in Odisha Conclave 2018. With the increased investment, the capacity of Angul steel plant will increase from 6 MTPA to 20 MTPA and employment generation will be enhanced from 50000 to 100000.

Sharing JSPL’s story in Odisha, Shri Jindal said, “JSPL’s story in Odisha started 30 years ago. My father OP Jindal, who shared his vision with legendary Biju Patnaik ji had planned for setting up a 1 MTPA Steel Plant. Subsequently in 2003, we started setting up a 6 MTPA Steel Plant in Odisha based on Swadeshi or 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, it was very challenging for us. But with the encouragement from Government of Odisha, JSPL started to put up India’s largest and most modern blast furnace largest sinter plant, coke oven and steel making shop. When we had plenty of challenges, we also had plenty of support. Support from the people of Odisha, Government of Odisha and Hon’ble CM Naveen Patnaik”. He also expressed his gratitude to Lord Jaannath for His blessings.

Along with the 6 MTPA steel plant at Angul, which is at present Odisha’s largest steel plant, JSPL is also operating 9 MTPA pellet plant at Barbil, which has been exporting the highest amount of pellets from the country.

Shri Jindal also informed that encouraged by the Chief Minister and Government of Odisha, JSPL is setting up an industrial park at Angul. “People coming to our industrial park will not face any of these challenges, we faced like land, water or electricity or anything. We are going to make all these very very smooth,” he assured.

Reiterating JSPL’s commitment for social responsibility Shri. Jindal said, “Along with making steel, we also take passionate interest in our social responsibility like building schools, hospitals, community healthcare and drinking water facility”. Our social development vision is everyday becoming a reality and continuing to enhance quality of life of the people, he later added.

He urged budding investors to take advantage of conducive business environment and invest in the State.