Jindal Steel & Power to raise Odisha investment to Rs 100,000 cr by 2030

Jindal Steel & Power Ltd (JSPL) on Monday said it will increase investment in Odisha from Rs 45,000 crore to Rs 100,000 crore by 2030.

With the additional investment, the capacity of its Angul steel plant will be ramped up from 6 mtpa to 20 mtpa, while employment generation will enhance from 50,000 to 100,000, JSPL Chairman Naveen Jindal said, addressing the plenary session of the 'Make in Odisha Conclave 2018' here.

JSPL is also operating a 9-mtpa pellet plant at Barbil, which is exporting the "highest amount of pellets" from the country, he said. Jindal said 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," he asserted.

He said with the encouragement from the Odisha government, JSPL started to put up India's "largest and most modern blast furnace, largest sinter plant, coke oven and steel-making shop".

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"When we had plenty of challenges, we also had plenty of support. Support from the people of Odisha, government of Odisha and CM Naveen Patnaik," Jindal said. On the company's commitment for social responsibility, Jindal said, along with making steel, it also takes interest in building schools, hospitals, community healthcare and drinking water facilities.