To enhance Angul steel plant capacity to 20 MTPA
The Jindal Steel & Power Ltd (JSPL) would increase its investment in Odisha from Rs 45,000 crore to Rs 1 lakh crore by 2030. This was announced by JSPL chairman Naveen Jindal at the plenary session of the Make in Odisha Conclave 2018 here on Monday.
With the increased investment, the capacity of the company’s Angul steel plant would jump from the existing 6 MTPA to 20 MTPA and employment generation would be enhanced from 50,000 to 1 lakh, he said.
Jindal said, “JSPL’s story in Odisha started 30 years ago. My father OP Jindal, who shared his vision with legendary Biju Patnaikji had planned for setting up a 1-MTPA steel plant. Subsequently in 2003, we started setting up a 6-MTPA 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 coal block, it was very challenging for us.
But with the encouragement from the 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.”
Along with the 6-MTPA steel plant at Angul, which is at present Odisha’s largest steel plant, the JSPL is also operating a 9-MTPA pellet plant at Barbil, which has been exporting the highest amount of pellets from the country, he informed, adding that the JSPL is also setting up an industrial park at Angul to help MSMEs.
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”.
