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Jindal Steel & Power to invest additional Rs 70,000 crore in Odisha



Jindal Metal & Energy on Tuesday stated it would make investments an extra Rs 70,000 crore in Odisha within the coming years. The announcement was made by the corporate’s Chairman Naveen Jindal through the ‘Utkarsh Odisha-Make In Odisha Conclave’ right here.

“Our imaginative and prescient is to make Odisha a worldwide industrial chief, whereas enhancing the standard of life for its individuals constantly. This extra Rs 70,000-crore funding is not going to solely drive industrial progress, but in addition uplift the standard of lifetime of 1000’s of households in Odisha,” Jindal stated.

He additionally stated the corporate was exploring the opportunity of establishing a metal plant in Keonjhar district to satisfy the imaginative and prescient of Chief Minister Mohan Charan Majhi, he stated.

Jindal Metal & Energy operates India’s first coal gasification plant for metal manufacturing in Angul, with concentrate on decreasing dependence on imported coking coal.

“The corporate’s Angul plant, at present at 6-MTPA capability, will double to 12 MTPA this yr and is ready to succeed in 25.2 MTPA by 2030, positioning it because the world’s largest and greenest metal plant, and a frontrunner in hydrogen-based inexperienced metal manufacturing,” Jindal stated.


Jindal Metal & Energy has to this point invested practically Rs 1 lakh crore in Odisha, he stated. Over the previous decade, it has invested Rs 900 crore in sustainable social initiatives specializing in healthcare, training, ability growth, ladies empowerment, rural livelihood, sports activities, artwork and tradition, Jindal added.